December, 2021

• 28 December

  US cancels 1,100 flights more due to snow storms, Covid rise

  

    Bloomberg Flight cancellations that disrupted US travel over the Christmas weekend stretched further, with winter storms further pressuring carriers that were already short-staffed because of spreading Covid-19 cases. About 1,160 US flights were cancelled on December 27 after more than 2,800 were dropped over the weekend, according to data from FlightAware.com. One of the hardest-hit carriers was Alaska Air …

  Read More »
• 28 December

  Indonesia allows Boeing 737 Max jets to fly again

  

    Bloomberg Indonesia became the latest country to allow Boeing Co’s 737 Max planes back to its skies, joining Ethiopia in lifting the ban on the aircraft that crashed in both countries more than two years ago. The transport ministry will let airlines resume flying the aircraft in its territories after completion of the investigation process and improvements made to …

  Read More »
• 28 December

  China service remains ‘fluid’ as plane turns back, says Delta Air

  

    Bloomberg Delta Air Lines Inc service to China “remains very fluid” after a flight to Shanghai from the US was turned back because of the procedures needed to clean and disinfect the airplane, the carrier said. The flight returned to Seattle in order “to be compliant with cleaning mandates required at Shanghai Pudong International Airport that were issued by …

  Read More »
• 28 December

  Crocs drops most on $2.5b Heydude deal

  

    Bloomberg Crocs Inc tumbled the most in more than a year after agreeing to buy casual-shoe brand Heydude for $2.5 billion in an effort to bolster its fast-growing business of offbeat footwear. The purchase will be funded by $2.05 billion in cash and $450 million in Crocs shares issued to Heydude founder Alessandro Rosano, according to a statement. Crocs …

  Read More »
• 28 December

  Hong Kong to make air cargo crew do 3-day hotel quarantine

  

    Bloomberg Hong Kong will mandate three-day hotel quarantines for air cargo crew, as the Asian city steps up efforts to prevent any local transmission of the contagious omicron Covid-19 variant. “We have to balance between the risk of infectious disease outbreaks and the cargo operation,” Edwin Tsui, controller of the Center for Health Protection, said at a press briefing …

  Read More »
• 28 December

  Record snowfall in western Japan snarls train, air travel

    Bloomberg A powerful storm rammed western Japan with record snowfall, disrupting flights, train travel and leaving hundreds without power. Snowfall surpassed 70 centimetrs (28 inches) in the cities of Hikone and Maizuru, in the prefectures of Shiga and Kyoto, respectively, data from the Japan Meteorological Agency showed. Obama city in Fukui, Japan’s coastal region, received record snowfall for this …

  Read More »
• 28 December

  European stocks rise with US futures after S&P 500 record

  

    Bloomberg Stocks in Europe advanced along with US equity futures as traders evaluated the resilience of the global recovery to a record spike in coronavirus cases. The Stoxx Europe 600 index nudged closer to last month’s record high, with utilities and car makers leading the advance as all industry sectors gained. Contracts on the S&P 500 and Nasdaq 100 …

  Read More »
• 28 December

  Emerging markets seen rising in 2022, but not until July

  

    Bloomberg Emerging-market assets are set to rise in 2022 as moderating inflation and accelerating growth trigger gains, but it won’t happen until the second half of the year. That’s the consensus among investors like Goldman Sachs Group Inc, Morgan Stanley and JPMorgan Chase & Co who spoke with Bloomberg on the outlook for developing-nation stocks, bonds and currencies in …

  Read More »
• 28 December

  Gold rises as traders weigh record Covid infections

  Bloomberg Gold edged higher as investors assessed the resilience of the global economic recovery, with Covid-19 cases hitting a pandemic record. Bullion is heading for its first annual loss in three years as central banks start to dial back pandemic-era stimulus to contain inflation. The S&P 500 notched its 69th record close of 2021, suggesting investors remain relatively sanguine about …

  Read More »
• 28 December

  Oil rises as investors weigh demand risk from Omicron

  

    Bloomberg Oil rises as investors weighed the rapid spread of Omicron against signs it may be milder than previous variants. Brent futures rise 0.7%, swinging between gains and losses amid thin trading volumes. West Texas Intermediate, which didn’t have a settlement due to a US holiday, falls from Thursday’s level. Daily omicron infections in the US has surpassed those …

  Read More »