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H&M should lay low until China anger blows over: EU chamber

Bloomberg Chinese anger at Hennes & Mauritz AB (H&M) and other brands who refuse to use cotton from Xinjiang will pass but businesses will continue to face risks from political issues, the head of the European Union Chamber of Commerce in China said. “You really have to just let it happen, lay low and see when it blows over and ...

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Deliveroo expected to price London IPO at bottom of range

Bloomberg Food-delivery startup Deliveroo Holdings Plc is likely to price shares in its initial public offering at 390 pence each, the bottom of the range at which they were marketed, as reluctant investors and nervous markets weigh on London’s biggest listing this year. The sale will raise 1.5 billion pounds ($2.1 billion) at that price, assuming the company and its ...

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American Airlines to put most jets back in service as travel rebounds

Bloomberg American Airlines Group Inc expects to put most of its fleet back in service in the second quarter following “recent strength in domestic and short-haul international bookings” that hint at a gathering travel rebound. Falling infections and hospitalisations and rising vaccinations have spurred demand after a blow early this year when the US required negative coronavirus tests for international ...

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