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If London can’t beat SPACs, better join them

London’s regime for special purpose acquisition companies serves no one well. Its approach to investor protection is so crude as to have prevented the SPAC market from taking off at all. As the UK scrambles to bolster its post-Brexit finance industry, it should not dismiss the US model unless it can devise something better. SPACs are publicly traded cash shells ...

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China still has ‘major safety concerns’ about 737 Max

Bloomberg China still has major safety concerns about Boeing Co’s 737 Max, the deputy head of the country’s aviation regulator said on Monday when asked if it was considering following others in allowing the plane to fly again. Once issues have been fully addressed, China will conduct a final review of the aircraft, Dong Zhiyi said at a briefing in ...

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Thai Air seeks $1.65bn infusion under revamp

Bloomberg Thai Airways International Pcl is seeking a capital infusion of as much as 50 billion baht ($1.65 billion) under a debt restructuring plan set to be submitted to a bankruptcy court to keep the flag carrier operational, according to people familiar with the matter. The fund may be raised through equity, loans or convertible securities, said the people, who ...

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