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EasyJet readies for tumultuous summer amid slow reopening

Bloomberg EasyJet Plc predicted an uneven recovery this summer as European destinations relax coronavirus curbs only gradually, prompting the discount airline to chart a more cautious path to rebuilding its service. The UK company expects to add flights in earnest from June, a month later than planned, it said after posting a 701 million-pound ($990 million) loss for the first ...

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Canadian retail sales hit a snag in April

Bloomberg Canadian retail sales hit a snag in April amid a third wave of Covid-19 restrictions. Receipts fell 5.1% last month after many provinces introduced strict measures to curb virus cases, according to preliminary data from Statistics Canada. The drop reverses two strong months of gains, including a 3.6% increase in March. Canadian retailers are likely to remain weak throughout ...

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China Resources mulls $2b HK IPO for its supermarket

Bloomberg China Resources Holdings Co is weighing a Hong Kong initial public offering for its supermarket business CR Vanguard that could raise as much as $2 billion, according to people familiar with the matter. The state-owned conglomerate has held initial talks with potential advisers on the share sale plan, which could happen as soon as next year, the people said, ...

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