Bloomberg London Heathrow airport will offer rapid Covid-19 tests to departing passengers as more territories require travelers to provide a clean analysis as a condition for entry. The Oxford LAMP rapid Covid-19 tests will cost 80 pounds ($104) and can be used for travel to destinations including Hong Kong and Italy that are conditioning entry on a negative Covid-19 result, …

Bloomberg The travel bubble for Hong Kong and Singapore could start with one daily flight between the two financial hubs, according to Hong Kong Secretary for Commerce and Economic Development Edward Yau. The number of dedicated flights under the agreement may change depending on the coronavirus situation in the cities, Yau said at a briefing on Tuesday, without elaborating. The …

Bloomberg The virus-ravaged airline industry reached a milestone, carrying more than 1 million passengers for the first time in seven months. US airport security checkpoints processed 1,031,505 people, or 39.6% of the equivalent day in 2019, according to a tally by the Transportation Security Administration. Several of the busiest days since mid-March have occurred in the past two weeks and …

Bloomberg US equity futures extended gains as investors clung to hopes for a deal in stimulus talks. Europe equities fluctuated after a string of positive earnings. Logitech surged as much as 22% to a record high after the tech hardware maker raised its sales forecast. UBS gained after the Swiss bank’s profit beat estimates and Reckitt Benckiser hiked its revenue …

Bloomberg SoftBank Group Corp. charged ahead with its new public stock trading arm, increasing equity positions to more than $20 billion despite an initially skeptical response from shareholders, according to a person familiar with the investments. Bloomberg reported in August that SoftBank had been targeting more than $10 billion and that the sum could reach into the tens of billions. …

Bloomberg Oil steadied as Saudi Arabia vowed that Opec and its partners will do what’s necessary to balance the market. The Organisation of Petroleum Exporting Countries (Opec) will “nip negative trends in the bud” as uncertainty in the energy market persists, Saudi Oil Minister Prince Abdulaziz Bin Salman said at group’s Joint Ministerial Monitoring Committee meeting. At the same time, …

Bloomberg The Australian government is seeking clarification from Beijing on reports that China has suspended purchases of Australian coal amid heightened diplomatic tensions between the two countries. Chinese power stations and steel mills have been verbally told to immediately stop using Australian coal, people familiar with the order said, asking not to be identified as the matter is private. Ports …

Bloomberg ConocoPhillips agreed to buy Concho Resources Inc for about $9.7 billion in stock, the largest shale industry deal since the collapse in energy demand earlier this year and one that will create a heavyweight driller in America’s most prolific oil field. Investors will get 1.46 Conoco shares for each Concho share, the companies said in a statement. The transaction …

Bloomberg Poland’s largest utility plans to spend 75 billion zloty ($19.4 billion) by 2030 as it aims to become climate-neutral by mid-century. PGE SA seeks to invest half of that amount in renewable energy sources, including offshore and onshore wind as well as solar power plants, it said in a statement. Its 2050 strategy is conditional on a planned spinoff …

Bloomberg Signs of a recovery for India’s troubled shadow banks have taken a step backward as concerns reemerged about the true impact of the pandemic on the lenders. Average spreads on the lenders’ AAA rated five-year bonds rose for the first time in four months in September. Of three other gauges tracking shadow bank sector health compiled by Bloomberg, two …