Bloomberg Airbnb Inc’s long awaited filing for an initial public offering (IPO) makes the devastation wrought by Covid-19 abundantly clear, and shows how its business now hangs on domestic travel. Since the coronavirus pandemic swept across the globe in March, closing borders and grounding flights, the travel sector’s woes have been on full display. Public companies such as Marriott International, ...

Bloomberg Vodafone Group Plc beat estimates and expects sales to recover from a first half when Covid-19 lockdowns sent mobile roaming income tumbling. Vodafone’s organic service revenue fell 0.4% in the financial second quarter that ended on September 30, better than the 2.3% average estimate of analysts compiled by Bloomberg. Europe’s second-biggest phone company nudged up its outlook, seeing full-year ...

Bloomberg A global stock rally powered by hopes that new Covid-19 vaccines will bolster economic growth paused on Tuesday as investors weighed the near-term spread of the virus. The Stoxx Europe 600 Index fluctuated at the open, while S&P 500 futures retreated a day after the underlying benchmark closed at an all-time high on news that Moderna Inc’s vaccine was ...