April, 2022

• 12 April

  EasyJet sees summer flights approaching pre-Covid levels

  

  Bloomberg EasyJet Plc reiterated its plan to gear up operations to near pre-pandemic levels through the summer high season, as an easing of travel restrictions unleashes pent-up demand. Europe’s second-biggest discount carrier managed to narrow its estimated loss in a fiscal first half roiled by the rise of the omicron variant of Covid-19, and has now turned its focus to …

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• 12 April

  German freight billionaire doubles stake in Lufthansa

  

  Bloomberg German billionaire Klaus-Michael Kuehne has doubled his stake in his country’s flagship airline Deutsche Lufthansa AG, cementing his position as the carrier’s second-largest shareholder behind the government. KA Logistik Beteiligungen GmbH, controlled by the the 84-year-old Kuehne, doubled its stake in Lufthansa to 10.01%, according to a filing. The investor plans to be a “long-term, stable and reliable partner” …

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• 12 April

  Amazon kicks off a jumbo 7-part bond sale including 40-year debt

  

  Bloomberg Amazon.com Inc sold $12.75 billion of investment-grade bonds for general corporate purposes that may include repaying debt as well as funding acquisitions and share buybacks in its first note sale in about a year. The online retail giant issued senior unsecured bonds in seven parts. The longest portion of the offering, a 40-year security, yields 1.3 percentage points over …

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• 12 April

  Airports clogged with long queues over travel rebound

  

  Bloomberg Understaffed airports and airlines from Australia to Europe are struggling to cope with a fresh rush of travellers, with long queues and flight disruptions expected to persist as the busy Easter weekend approaches. The aviation industry axed hundreds of thousands of workers to get through the worst of the Covid-19 pandemic. That left airports and airlines short of staff …

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• 12 April

  Walmart heir Rob Walton plans to bid for Broncos

    Bloomberg Rob Walton, the eldest son of Walmart Inc founder Sam Walton, is planning a bid for the National Football League’s Denver Broncos, according to people familiar with the process. A former chairman of the world’s largest retailer, Walton, 77, is the 17th-richest person on Earth with a net worth of $68.9 billion, according to the Bloomberg Billionaires Index. …

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• 12 April

  Thais ramp up vaccinations over holiday

  Bloomberg Thailand is rushing to vaccinate its elderly citizens and other vulnerable groups ahead of the local New Year celebrations as the festivities are seen fuelling a surge in Covid cases and deaths, potentially derailing a tentative economic and tourism recovery. Millions of Thais will travel to their hometowns from cities such as Bangkok to join families in celebrating Songkran, …

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• 12 April

  BofA says it’s ahead of plans for financing sustainable projects

  

    Bloomberg Bank of America Corp (BofA) saw its busiest year on record for the sustainable finance deals as demand for environmental, social and governance investments accelerates. The lender backed $250 billion of projects aimed at combating climate change and promoting social inclusion in 2021, more than double the $105 billion it arranged a year earlier, according to company executives. …

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• 12 April

  UBS lifts junior banker pay for a second time

  

    Bloomberg UBS Group AG increased pay for junior bankers in the US for a second time in less than a year, bringing the Swiss lender in line with Wall Street rivals trying to stem defections amid a race for talent. UBS increased base salaries for first-year analysts to $110,000, according to a person familiar with the matter who asked …

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• 12 April

  UK signals crypto engagement with stablecoin regulation, NFT

  

    Bloomberg The UK announced a plan for government oversight of stablecoins and said it would consult on regulating a wider set of cryptoasset activities, signalling engagement with an industry it has clashed with at times as digital assets gain mainstream appeal. The government will amend existing legislation for electronic payments to bring stablecoins — a form of cryptoasset that …

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• 12 April

  Pakistan central bank head pledges stability

  

    Bloomberg Pakistan’s top central banker pledged policy actions “on a timely basis” to ensure stability amid a political shakeup and deteriorating economy. The comments from State Bank of Pakistan Governor Reza Baqir come as lawmakers choose Shehbaz Sharif as prime minister after Imran Khan was ousted in a no-confidence vote. Khan’s downfall was accelerated by inflation running faster than …

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