Blog Layout

Can Twitter survive banning Trump?

Twitter Inc has done something that was once thought unimaginable. It shut down one of its biggest attractions — Donald Trump’s account — and in doing so also canceled a sitting US president. The ban and public-safety rationale behind it are part of a wave of crackdowns on the public digital spaces where the president’s most radicalised supporters congregate, and ...

Read More »

UK’s Boris Johnson is embarrassed by Trump

Some whirlwind romances you regret for many years. Isolated from its former European partners during Brexit, the UK looked for succor from the US. Two Conservative prime ministers in succession — Theresa May and Boris Johnson — tried to woo the White House in search of a revived Atlanticism and a fat trade deal. Did Johnson go too far in ...

Read More »

Rising Treasury yields flash a warning sign

US government bond yields have registered some notable moves in the first few days of 2021. Should they continue on their current pace, they risk causing headaches for both policy makers and stock investors because of their underlying drivers. In less than two weeks, the Treasury yield curve has experienced a significant increase in yields in longer-dated bonds, or what ...

Read More »

Indonesia pilot had decades of flying experience before crash

Bloomberg The retrieval of the black boxes from the wreckage of Indonesia’s Sriwijaya Air Flight 182 will shed light on why the Boeing Co 737-500 jet, a 27-year workhorse of the skies, plunged into the Java Sea just minutes after take off. Until that time, there are questions over what caused the tragedy. Human error, bad weather and equipment malfunction ...

Read More »

Singapore Air mulls debut dollar bonds

Bloomberg Singapore Airlines Ltd is considering its first-ever offering of dollar bonds, as it tries to bolster cash amid the pandemic. The city-state’s flag carrier is holding a series of fixed-income investor calls in Asia and Europe from Monday for the potential debt sale, according to a person familiar with the matter. The pandemic has devastated the global travel industry, ...

Read More »

Signature reaches $4.6b GIP deal, keeps its options open

Bloomberg The pursuit of Signature Aviation Plc turned into a three-way contest, with Global Infrastructure Partners (GIP) rejoining the battle for the world’s largest operator of private-jet bases after an earlier bid was rejected. Signature Aviation agreed on Monday to a $4.63 billion buyout by GIP, while leaving the door open for higher offers. Investors will receive $5.50 per share ...

Read More »

Madrid airport reopens partially after Filomena

Bloomberg Madrid’s international airport was ready to resume outbound operation after heavy snowfall covered the Spanish capital and much of the rest of the country prompting its closing, Transport Minister Jose Luis Abalos said. A full reopening is going to be “gradual” as airlines cancelled almost all their flights and are now reorganising their schedule, he said. Spain’s biggest hub ...

Read More »

Globe-trotters pledge to fly less after Covid to help climate

Bloomberg More than two-fifths of the global population would be willing to fly less even after pandemic restrictions ease, according to a survey that shows a growing belief that individual actions impact the climate. The poll of more than 30,000 people published on Monday by the European Investment Bank (EIB) shows 72% of Europeans and Americans and 84% of Chinese ...

Read More »

M&S warns of ‘tariffs’ in Irish business

Bloomberg Marks & Spencer (M&S) Group warned that sales will suffer from the UK’s new lockdown and as Brexit complicates doing business in countries such as Ireland. Fiscal third quarter like-for-like sales fell by 7.6%, as weaker clothing and homewares revenue offset a stronger performance in food. The company said products exported to countries such as Ireland are facing red ...

Read More »

Trump’s last days bring fresh turmoil to US-China relations

Bloomberg The Trump administration’s final days are proving as confounding as ever for companies and investors stuck in the middle of an increasingly contentious US-China relationship. After a week of widespread confusion over the scope of a US ban on investments in businesses linked to China’s military, both Washington and Beijing took steps over the weekend that threaten to further ...

Read More »
Send this to a friend