Bloomberg American Airlines Group Inc is seeing a slowdown in demand because of surging coronavirus cases, signalling a weaker outlook heading into the year-end holidays. After a strong start for the fourth quarter, a deceleration in net bookings growth began before Thanksgiving and has persisted into this month, American said in a regulatory filing. As a result, the company expects ...

Bloomberg The UK moved to exempt “high-value” executives from rules requiring people entering the country to quarantine for two weeks, in a move designed to boost business. The rule change means that from 4 am on Saturday, business people arriving in the UK from countries that aren’t on the UK’s travel corridors list won’t have to self-isolate for 14 days, ...

Bloomberg As India’s virus numbers swell and the economy stumbles, Prime Minister Narendra Modi has another crisis to deal with: Tens of thousands of angry farmers vowing to camp outside the capital for months. The farmers — mostly from Punjab, often called India’s bread-basket — want him to repeal three laws passed in September that allow them to sell crops ...

Bloomberg Joe Biden now officially has more than the 270 Electoral College votes he needs to claim the presidency after California certified its election results. Secretary of State Alex Padilla approved the results of Biden’s victory, according to his office, which Democratic Governor Gavin Newsom will use to prepare the Certificate of Ascertainment appointing the state’s 55 electors for Biden. ...

Bloomberg Former Ivorian President Laurent Gbagbo plans to return to the West African nation this month, even as he faces a pending conviction. The Ivorian government issued two passports, an ordinary one and a diplomatic document, to Gbagbo, who’s been living in Belgium for nearly two years, his lawyer Habiba Toure said. The issuances come a month after an October ...

Bloomberg President Donald Trump’s campaign spent $8.8 million on the legal challenges to the November 3 election in various states, including $2.7 million in legal fees, according to the latest filings with the Federal Election Commission. The largest outlay was a $3 million payment to the Wisconsin Elections Commission for a partial recount in two populous counties. The recounts did ...

Bloomberg Europe should extend its de-facto ban on bank dividends by six months, a top official at the European Central Bank’s (ECB) supervisory arm said, casting a shadow over investors’ hopes for a return to payouts early next year. The comments come as big banks across Europe are facing fraught times, with regulators at the ECB and the Bank of ...

Bloomberg Goldman Sachs Group Inc opened a Luxembourg-based entity to service rich individuals based in the European Union, the latest in the Wall Street bank’s series of moves to avoid Brexit disruption. The Luxembourg branch of subsidiary Goldman Sachs Bank Europe SE opened last month, according to regulatory records. It will be used for some of Goldman’s European private wealth ...

Bloomberg India’s central bank pledged to keep its easy money policy for as long as necessary to support the virus-battered economy, while for now leaving borrowing costs unchanged amid stubborn inflation. The Reserve Bank of India (RBI) will use a variety of tools to ensure easy financing conditions and market stability, Governor Shaktikanta Das said after a meeting of the ...

Bloomberg Deutsche Bank AG expects to ultimately replace large parts of its core banking system with alternatives powered by Alphabet Inc’s Google, as the German lender embarks on its biggest effort yet to modernise computer systems that have hampered it for years. The two companies finalised a cloud computing agreement under which the German lender plans to shift most of ...