Classic Layout

Private sector must join in India’s vaccine push

The Indian state faces one of the world’s most formidable challenges: rolling out a Covid-19 vaccination program for 1.3 billion people. To succeed, many things have to go right in a country that usually gets a lot wrong. The government would be wise to enlist the country’s private sector in this gargantuan effort — and soon. The vaccine rollout is ...

Read More »

Changi Airport gears up for business travellers

Bloomberg Singapore’s Changi Airport, a key part of the city-state’s psyche, is reinventing itself for the Covid era and beyond. In a bid to keep people engaged until life returns to normal, it’s offering glamping for families at Jewel, the nature-themed entertainment complex open to the public, as well as a host of holiday offerings from canopy park tours that ...

Read More »

Delta CEO reiterates cash flow target

Bloomberg Delta Air Lines Inc’s Chief Executive Officer Ed Bastian reiterated the carrier’s aim to achieve positive cash flow by the spring as it plans for a “year of recovery.” He warned that travel demand will remain “deeply depressed” initially, with the company’s focus on health and safety for passengers. A “significant” resumption of travel, particularly for business, will come ...

Read More »

HK’s retail slump eases before new virus wave

Bloomberg Hong Kong’s retail environment showed further signs of improvement in November, although the recovery may have been short-lived as the city was hit with a fresh wave of virus infections and imposed new restrictions late in the month. The provisional value of total retail sales in November 2020 was HK$28.7 billion ($3.7 billion), down by 4% compared with the ...

Read More »

Tiffany shareholders’ nod for LVMH sale caps rocky saga

Bloomberg The holiday blessing that Tiffany & Co shareholders gave to sell the storied jeweller to LVMH pushes the contentious transaction closer to the finish line, giving billionaire Bernard Arnault the long-sought pathway to expand his global collection of luxury brands. Tiffany will be dropped from the Standard & Poor’s 500 Index now that the deal has been approved, S&P ...

Read More »

Naixue raises new funds at $2b value

Bloomberg The owner of bubble tea chain Nayuki, also known as Naixue’s Tea in Chinese, has completed a new funding round that values the company at nearly $2 billion, according to people familiar with the matter. Shenzhen Pindao Restaurant Management Co has raised more than $100 million in a series C funding round led by private equity firm PAG, said ...

Read More »

IndiGo says some data may be compromised in ‘breach’

Bloomberg IndiGo, India’s biggest airline, said some segments of its data servers were breached in a hacking incident in December, which may compromise some data. “There is a possibility that some internal documents may get uploaded by the hackers on public websites and platforms,” IndiGo said. “We realise the seriousness of the issue, and are continuing to engage with all ...

Read More »

US lawmakers urged to use tunnels as protests add to Washington risk

Bloomberg US lawmakers are receiving urgent security instructions in advance of potential violence in Washington tied to protests as Congress meets to certify Joe Biden as the next US president. The precautions to members of the House and Senate include guidance to use underground tunnels while traveling between chambers in the Capitol and to nearby office buildings during the day. ...

Read More »

Afghanistan, Taliban resume peace talks

Bloomberg Battling a resurgence in violence including a campaign of targeted killings of journalists, Afghanistan’s government resumes peace talks with the Taliban on Tuesday, with efforts expected to be focused on securing a cease-fire agreement in the dying days of Donald Trump’s presidency. Since the intra-Afghan talks began in September in the Qatari capital of Doha, where the Taliban has ...

Read More »
Send this to a friend