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Covid-19: Airlines’ debt pile hits $340b

Bloomberg Airlines are piling on more debt as surging coronavirus cases force travellers to cancel plans and stay home. The industry’s outstanding debt has jumped 23% since 2020 to $340 billion, according to data compiled by Bloomberg. So far this year, global air carriers have sold $63 billion in bonds and loans. It’s more evidence that the industry faces a ...

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Tesco offers reusable packaging to reduce plastic waste

Bloomberg Customers at some Tesco Plc supermarkets will now be able to purchase products from brands like Coca-Cola and Heinz in reusable packaging to reduce plastic waste. In partnership with Loop, a reusable packaging platform launched by New Jersey-based recycling specialist TerraCycle Inc, Tesco was expected to roll out a trial in 10 supermarkets across the east of England from ...

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Russia mounts wargames on Nato border as Belarus seeks weapons

Bloomberg Russia is mobilising as many as 200,000 troops in wargames with Belarus, including thousands along their borders with the North Atlantic Treaty Organisation (Nato), as Moscow tightens military links with its isolated ally. Citing what he called “unending hybrid aggression from the West towards Belarus and Russia,” Belarusian President Alexander Lukashenko told troops at the Zapad-2021 wargames that “we ...

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