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Singapore Air to bring 737 Max back into service soon

Bloomberg Singapore Airlines Ltd will start flying freshly fitted Boeing Co 737 Max jets to countries including Malaysia, Indonesia and Thailand in the coming weeks, the company said on Tuesday. The carrier is absorbing six of the 154-seat narrow-body planes into its fleet with the integration of its SilkAir unit. Another is expected to enter service before March, and then ...

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Hong Kong to consider stricter flight crew curbs if necessary

Bloomberg Hong Kong will consider imposing tighter restrictions on aircrew, Chief Executive Carrie Lam said, as the city prioritises its Covid-Zero policy in a bid to reopen the border with mainland China. Hong Kong flight crew already face some of the most onerous restrictions in the world, with Cathay Pacific Airways Ltd just saying any crew members who stayed in ...

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Daily Harvest reaches unicorn status with $1.1b valuation

Bloomberg Daily Harvest, a company that specialises in frozen-food products, including ready-to-blend smoothies, is valued at $1.1 billion after its latest round of funding, said founder and Chief Executive Officer Rachel Drori. The New York-based startup reached so-called unicorn status by raising $77 million in an equity-funding round led by Lone Pine Capital LLC that included participation from Lightspeed Venture ...

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Blazy is Bottega Veneta’s new creative head

Bloomberg Kering SA named Matthieu Blazy to be the new creative director of Bottega Veneta, the Italian brand known for its woven leather bags. Blazy will assume the role immediately, Kering said in the statement. He previously had taken over as ready-to-wear design director for Bottega Veneta last year, and is scheduled to present his first collection for the brand ...

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Biden charts path forward with Xi as Taiwan tensions simmer

Bloomberg With expectations low heading into the first face-to-face summit between Joe Biden and Xi Jinping, they appeared to accomplish as much as politically possible: An agreement to keep on talking, without letting tensions over Taiwan and other disputes derail the US-China relationship. The virtual meeting lasted longer than expected, running for more than three hours as the leaders covered ...

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China urges Germany’s next leader to build on Angela Merkel’s legacy

Bloomberg China urged Germany’s next government to continue outgoing Chancellor Angela Merkel’s legacy to ensure the two countries work closely together, as prospective coalition partners in Berlin favor a tougher line towards the Asian giant. Zhang Ming, China’s ambassador to the European Union (EU), noted during a European Policy Center event on Tuesday that next year will mark the 50th ...

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Explosions in Ugandan capital leave one dead

Bloomberg At least one person died when two explosions hit the Ugandan capital, the fourth blast in Kampala in the past month. The blasts occurred outside an office of insurer Jubilee Holdings Ltd and near the city’s central police station, the Daily Monitor reported, citing eyewitnesses. Images posted on the newspaper’s Twitter handle showed cars on fire outside the Jubilee ...

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Belarus border crisis turns violent as leader speaks of détente

Bloomberg Poland used water cannon and tear gas to stop Belarus-backed migrants from crossing the European Union’s eastern frontier a day after the bloc approved new tools to punish those escalating the crisis. Under the threat of new sanctions and facing accusations of mounting a “hybrid attack” on the EU by ushering travellers to the border, Belarusian President Alexander Lukashenko ...

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Johnson: It’d be ‘legitimate’ to scrap part of Brexit deal

Bloomberg Boris Johnson said it would be “perfectly legitimate” for the UK to suspend part of the Brexit deal with the European Union (EU), though his government still wants to negotiate a solution to their escalating trade spat. The UK is demanding a major overhaul of the divorce agreement it signed with the bloc, arguing that its implementation is causing ...

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Hong Kong banks need to fix $205 billion in Libor contracts

Bloomberg Hong Kong banks have to renegotiate HK$1.6 trillion ($205 billion) in contracts linked to the London interbank offered rate (Libor) before the benchmark ceases as corporate customers have been slow in transitioning to alternatives, the city’s de-facto central bank said. At the end of September, Hong Kong lenders had HK$4.3 trillion of assets, HK$1.2 trillion of liabilities and HK$34.9 ...

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