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Chinese retailers see rise in loan rejections

Bloomberg Smaller Chinese companies and those in the retail industry are struggling to access credit amid a weak recovery in consumer spending, according to China Beige Book International (CBBI), a provider of independent economic data. Loan rejection rates for retail businesses increased to 38% in the final quarter of 2020 from 14% in the previous quarter, according to the latest ...

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Drone-crowded skies get one step closer with new US security rules

Bloomberg Commercial drone use for deliveries and services is set to clear a major hurdle in the US as soon as this week with new requirements that most of the devices transmit a radio beacon with a digital license plate to help ensure safety and prevent misuse. All but the smallest drones will have to broadcast a radio signal identifying ...

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Ryanair, Wizz cut non-EU voter rights, citing Brexit

Bloomberg Ryanair Holdings Plc and Wizz Air Holdings Plc will take away the voting rights of shareholders outside of the European Union to ensure they comply with the bloc’s airline ownership rules after the Brexit transition. All non-EU nationals will lose their voting rights from January 1, Irish discounter Ryanair said on Tuesday in a statement. Hungarian rival Wizz said ...

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