Bloomberg Mexico’s biggest airline plans to use proceeds from a $173 million stock sale to pounce on struggling rivals as it rebounds from an unprecedented travel collapse. Volaris is restoring seating capacity this month to 100% of last year’s levels and targeting a return to profitability by the second quarter of 2021, said Chief Executive Officer Enrique Beltranena. The carrier ...

Bloomberg Walmart Inc says it’s preparing its more than 5,000 pharmacies across the US to receive Covid-19 vaccine doses, including adding freezers and dry ice to handle any cold-storage demands. The preparations underway at Walmart and Sam’s Club pharmacies also include creating processes to tell customers when to get their first and second doses and entering agreements with states about ...

Bloomberg Costco Wholesale Corp topped Wall Street’s profit expectations during the first quarter amid continued high demand for food and supplies, even as the warehouse chain said pandemic-related costs remain elevated. Profit climbed to $2.62 a share in the period ended on November 22, the company said. Analysts had expected $2.06 on average, according to estimates compiled by Bloomberg. Costco ...

Bloomberg In rejecting President Donald Trump’s call to overturn the US election outcome, the Supreme Court sent a message about its role in the American system of government: We do law here, not partisan politics. With a brief, the court effectively killed any chance that Trump and his allies would succeed in using baseless claims of widespread fraud to reverse ...

Bloomberg UK Prime Minister Boris Johnson and European Commission President Ursula von der Leyen agreed to give talks on a post-Brexit trade deal one more shot after speaking by phone on Sunday, a sign that they may be able to salvage an accord after days of pessimism. In a joint statement issued following their conversation, they said that “despite the ...

Bloomberg After four years on the outs in Washington, California is roaring back. The Golden State, a favourite target of President Donald Trump, is regaining its stature as a source of policy ideas and personnel under President-elect Joe Biden. He’s recruited prominent Californians for key jobs in his administration such as Senator Kamala Harris as his vice president and Attorney ...

Bloomberg Germany will enter a hard lockdown from Wednesday, with non-essential stores shuttered, employers urged to close workplaces and school children encouraged to remain at home. The tighter restrictions — including a ban on gatherings over the New Year — will last until at least January 10 as a looser shutdown failed to halt a surge in daily coronavirus infections ...

Bloomberg European Council President Charles Michel expects the first Covid vaccines to be approved in the European Union “in the coming weeks, maybe even before the end of the year,” he said in a France Inter radio interview. The EU has decided to follow its regulatory process and “not to play” with approval, Michel said. Michel said the UK used ...

Bloomberg DBS Group Holdings Ltd will set up a digital exchange for cryptocurrencies for firms and wealthy clients, while allowing fund raising via asset tokenisation on a platform run by the largest bank in Southeast Asia. The planned setup is in partnership with Singapore Exchange Ltd, which will hold 10% in the new bourse, the Singapore-based lender said in an ...

Bloomberg Barclays Plc is looking to reduce its real estate expenses in the UK, US and India as the shift to remote working adds fuel to its cost-cutting ambitions. The bank could announce changes early next year although the board has not taken a final decision on the extent and timing of any measures, people with knowledge of the matter ...