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Amazon kicks off a jumbo 7-part bond sale including 40-year debt

Bloomberg Amazon.com Inc sold $12.75 billion of investment-grade bonds for general corporate purposes that may include repaying debt as well as funding acquisitions and share buybacks in its first note sale in about a year. The online retail giant issued senior unsecured bonds in seven parts. The longest portion of the offering, a 40-year security, yields 1.3 percentage points over ...

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Airports clogged with long queues over travel rebound

Bloomberg Understaffed airports and airlines from Australia to Europe are struggling to cope with a fresh rush of travellers, with long queues and flight disruptions expected to persist as the busy Easter weekend approaches. The aviation industry axed hundreds of thousands of workers to get through the worst of the Covid-19 pandemic. That left airports and airlines short of staff ...

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Walmart heir Rob Walton plans to bid for Broncos

  Bloomberg Rob Walton, the eldest son of Walmart Inc founder Sam Walton, is planning a bid for the National Football League’s Denver Broncos, according to people familiar with the process. A former chairman of the world’s largest retailer, Walton, 77, is the 17th-richest person on Earth with a net worth of $68.9 billion, according to the Bloomberg Billionaires Index. ...

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Thais ramp up vaccinations over holiday

Bloomberg Thailand is rushing to vaccinate its elderly citizens and other vulnerable groups ahead of the local New Year celebrations as the festivities are seen fuelling a surge in Covid cases and deaths, potentially derailing a tentative economic and tourism recovery. Millions of Thais will travel to their hometowns from cities such as Bangkok to join families in celebrating Songkran, ...

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Germany mulls snubbing India as G-7 guest over Russia stance

Bloomberg Germany is debating whether to invite Prime Minister Narendra Modi to the Group of Seven summit it’s hosting in June, given India’s reluctance to condemn Russia for invading Ukraine, according to people familiar with the matter. Germany is set to include Senegal, South Africa and Indonesia as guests at the meeting in Bavaria, but India remains under consideration, the ...

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Finland finishes white paper set to kick off Nato debates

Bloomberg Finland is set to kick off a process that is likely to culminate in an application by Russia’s Nordic neighbor to join the defense alliance Nato. The government, together with President Sauli Niinisto, finalised a white paper on changes to the nation’s security environment following its former imperial master’s attack on Ukraine. The report will be sent to parliament ...

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Le Pen casts herself as defender of poor in fight for left votes

  Bloomberg Nationalist leader Marine Le Pen cast herself as the only candidate able to defend the poor in a clear pitch to left-wing voters, as a tight race for the French presidency enters its final phase. “I am fundamentally attached to social dialog,” Le Pen said during an hour-long interview with France Inter radio. Her rival, President Emmanuel Macron, ...

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South Korea’s Yoon seeks N-power for green goals

Bloomberg South Korea’s President-elect Yoon Suk Yeol plans to embrace nuclear energy in a bid to accelerate the nation’s goal to zero out emissions. An extensive revision to the energy mix, particularly atomic power, is “inevitable” in order for South Korea to reach its climate targets, the presidential transition committee said. Nuclear energy will be added to the taxonomy to ...

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Sri Lanka warns of default, halts foreign debt payments

Bloomberg Sri Lanka warned of an unprecedented default and halted payments on foreign debt, an extraordinary step taken to preserve its dwindling dollar stockpile for essential food and fuel imports. All outstanding payments to bond holders, bilateral creditors and institutional lenders will be suspended until a debt restructure, the finance ministry said in a statement. The newly appointed central bank ...

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BofA says it’s ahead of plans for financing sustainable projects

  Bloomberg Bank of America Corp (BofA) saw its busiest year on record for the sustainable finance deals as demand for environmental, social and governance investments accelerates. The lender backed $250 billion of projects aimed at combating climate change and promoting social inclusion in 2021, more than double the $105 billion it arranged a year earlier, according to company executives. ...

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