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Inside $5bn ‘Apollo’ deal to salvage Hong Kong’s Cathay

Bloomberg The code name was “Apollo.” Its mission was to keep Cathay Pacific Airways Ltd alive. Hong Kong’s dominant airline had been in financial strife for months, its strong start to 2019 a distant memory. Social unrest in the city triggered a slump in passengers through the second half of last year. Then came the coronavirus pandemic, which forced Cathay ...

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UK unveils ‘jet zero’ plan on aviation emissions

Bloomberg The UK aims to drive down greenhouse gas emissions from aviation to make carbon-free transatlantic flights possible within a generation, Transport Secretary Grant Shapps said. Shapps said he has formed a group bringing together leaders from aviation, environmental groups and government to form the “Jet Zero Council,” as he seeks to rebuild the industry in the wake of the ...

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Trump visits West Point after anti-protest deployment threat

Bloomberg President Donald Trump addressed graduates of the US Military Academy at West Point on Saturday, even as the backlash to his threat to use active-duty service members to quell domestic political protests continues to roil the Pentagon. Trump’s appearance at the nation’s oldest service academy was meant to signal a return to normalcy after the coronavirus pandemic. Instead, it ...

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