Bloomberg The European Union (EU) and China announced the political approval of an agreement to open the Chinese market further to EU investors, marking a major step in talks that began in 2013. The breakthrough in negotiations on an EU-China investment deal signals the bloc’s determination to focus on economic opportunities in Asia even amid criticism of Beijing’s record on human …

Bloomberg Boeing Co.’s 737 Max has returned to commercial service in the US, with the first flight since two deadly crashes prompted the longest aircraft grounding in the nation’s history. An American Airlines Group Inc. 737 Max 8 landed at New York’s LaGuardia Airport, arriving slightly ahead of schedule from Miami in the first leg of a round trip. US …

Bloomberg Apple Inc. lost its copyright claims against a Florida company that makes “virtual iPhones” used by security researchers to test for the vulnerabilities to its system. Apple contended Corellium LLC copied the operating system, graphical user interface and other aspects of the devices without permission. It accused Corellium of acting under the guise of helping discover bugs in the …

Bloomberg Airbus SE has handed over close to 550 aircraft in 2020, with three days left to pad its total in a year derailed by the Covid-19 pandemic. The European planemaker is nearing the milestone after tallying 477 deliveries through November, the people said, asking not to be named citing confidential information. The figures are unaudited and will be finalised …

Bloomberg Distributing vaccines around India will pose plenty of logistical headaches given the size of the country, its vast population and number of coronavirus cases, now at more than 10 million. For its part, India’s busiest airport is “completely ready” to handle Covid-19 vaccines, according to Delhi International Airport Ltd. Chief Executive Officer Videh Kumar Jaipuriar, but there could be …

Bloomberg AirAsia Group Bhd., hit by the coronavirus pandemic that’s decimated passenger demand, is selling its 32.7% stake in AirAsia India Ltd. to its partner Tata Sons Ltd. for about $38 million. The Malaysian low-cost carrier entered into an agreement with Tata Sons, which already owns 51% of the venture, according to an exchange filing. AirAsia Group last month said …

Bloomberg Cathay Pacific Airways Ltd. carried just 37,815 passengers in November, down 98.6% from a year earlier, and warned that its second-half losses will be significantly worse than the $1.3 billion hemorrhage in the first six months. Average passenger capacity in the second half is only likely to be 8.4% of pre-pandemic levels, compared with 34.3% in the first half, …

Bloomberg UK house price growth rises to a six-year high in December, rounding off a strong 2020 for the market that defied a wider economic downturn. Values climbed 7.3% from a year earlier to an average of 230,920 pounds ($312,800), Nationwide Building Society said on Wednesday. They increased 0.8% from a month earlier. The housing market has boomed in 2020 …

Bloomberg A measure of home prices in 20 US cities rose in October by the most since 2014 as ultra-low mortgage rates and increased buyer appetite for more space depleted housing inventory. The S&P CoreLogic Case-Shiller index of property values climbed 7.95% from the same month the previous year, data showed. The median forecast in a Bloomberg survey of economists …

Bloomberg In a year disrupted by a global pandemic, political upheaval and abrupt setbacks for some of Hong Kong’s biggest stocks, investors point to one constant as to why 2021 looks brighter: the relentless levels of money coming in. Mainland investors have bought a net HK$666 billion ($86 billion) of the city’s shares, easily the most since both of Hong …