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High prices for coal to speed India’s efforts to curb imports

  Bloomberg High seaborne prices for coal will push India to lift domestic supplies and accelerate efforts to curb imports, according to a top government official. The country’s miners, including state-run Coal India Ltd., are preparing to meet the entire coal demand from grid-connected power plants in the fiscal year starting in April, federal Coal Secretary Anil Kumar Jain said ...

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Biden vaccine mandate is dishonest and unlawful

  There’s a strong case for getting vaccinated (and boosted) against Covid-19. The problem for President Joe Biden is that the case for getting vaccinated amounts to an argument against his attempt to make vaccination mandatory for employees of large companies. In the course of arguing against the mandate in front of the US Supreme Court last week, Benjamin Flowers, ...

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Netflix’s lesson on climate messaging

Director Adam McKay’s climate satire “Don’t Look Up” isn’t exactly subtle. The hair is big, the parody obvious, the targets as plentiful as the star-studded cast competing for space — and the planet is about to explode. The whole enterprise is a monument to anger and frustration, which may explain why environmental scientists have warmed to the film more than ...

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Bond market refuses to accept economic reality

  Bonds have been as close to a sure thing as there is in financial markets over the past four decades. Since 1982, the Bloomberg US Aggregate Bond Index has only had four down years, and never back-to-back. Yet, after falling 1.54% last year, the benchmark is already down 1.62% in just the first few days of 2022. Might this ...

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Progress on 5G restrictions before Jan-19 rollout: FAA

  Bloomberg US aviation regulators say they’ve made progress reducing the risk of flight disruptions from new 5G service that’s set to start January 19, but are still releasing scores of potential limitations across the country. The Federal Aviation Administration expects to provide information soon on what percentage of aircraft will be subject to the restrictions, the agency said in ...

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Singapore Air sells $600 million bond at discount to peers

  Bloomberg Singapore Airlines Ltd became the first carrier to tap the debt market for dollars in 2022, raising funds at a discount to peers thanks to its government backing. The flag carrier sold $600 million of seven-year bonds to yield 3.493%. That’s nearly a percentage point lower than the average yield at issuance for global airline notes sold in ...

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Online retailer Asos to move to London main market

  Bloomberg Asos Plc is moving its stock listing to the London stock exchange’s main market in a long-anticipated shift to attract more investors as demand for party dresses and formal wear fuels sales. The UK online fashion retailer also said Thursday that sales over Christmas were solid, helped by brands like Topshop. After shocking the market with a profit ...

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Lula leads election poll as Brazil frets about jobs, virus

  Bloomberg Brazilians’ worries about unemployment and the latest Covid-19 surge continue to chip away at Jair Bolsonaro’s popularity, a poll found, leaving former president Luiz Inacio Lula da Silva on track to win this year’s election. The economy is the nation’s biggest problem, according to 37% of those surveyed by Genial Investimentos and polling company Quaest Consultoria. Unemployment was ...

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