It’s hard to imagine a more daunting task than taking the reins from Ivan Glasenberg, Glencore Plc’s chief executive officer, a man who put his stamp on his company like few other corporate leaders have. Thankfully, his 45-year-old successor, fellow South African Gary Nagle, has a way to make his own mark: by finding a way for the mining giant ...

The Joe Biden administration has pledged to deploy fiscal stimulus to get the stricken US economy back on its feet, as well as increase government investment to boost long-run growth. This means the Republican opposition in Congress is back to arguing that austerity is the best way to compensate for the economic damage done by the pandemic. Even before the ...

Bloomberg Boeing Co is studying an equity sale and other ways to ease a debt burden that has soared to $61 billion this year amid the worst slump in aviation history. Adding to the financial stress, Boeing will trim output of its 787 Dreamliner to five planes a month by mid-2021, one less than previously planned, Chief Financial Officer Greg ...

Bloomberg Singapore Airlines will prioritise freight capacity to ship Covid-19 vaccines and will conduct test flights soon to trial the process, the Straits Times reported, citing a company statement and an executive’s comments Cargo space will be made available to prioritise the vaccine shipments across key trade lanes, the report said. Boeing Co 747-400 freighters, as well as passenger aircraft, ...

Bloomberg A new airline is preparing to start flights in South Africa next week, entering the industry at a time when carriers near and far are going bankrupt amid the worst crisis in aviation history. Lift, owned by Johannesburg-based leasing company Global Airways, will operate three Airbus SE A320 jets and look to tap returning domestic demand after an almost ...

Bloomberg UK retail landlords are facing a hard reality: the rapid approval of a vaccine has come too late for thousands of their stores. The collapse of department store chain Debenhams Plc and Philip Green’s Arcadia Group this week caps an unremittingly brutal year for the owners of brick and mortar stores. The demise of these retailers alone threatens 16.6 ...

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. ...