December, 2021

• 15 December

  Northvolt, Galp Energia form JV to build lithium plant in Portugal

  

    Bloomberg Swedish battery startup Northvolt AB and energy firm Galp Energia SGPS SA plan to develop a lithium-conversion plant in Portugal to supply the region’s growing electric-vehicle industry. The companies said they’ll set up a joint venture with the goal to build a facility with an annual production capacity of 35,000 metric tons of lithium hydroxide — enough to …

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• 15 December

  Brookfield in talks to buy Australia’s Intellihub stake

  

    Bloomberg Brookfield Asset Management is in talks for a deal to acquire a stake in Australian energy metering business Intellihub Group, according to people familiar with the matter. The private equity firm is the likely winner of an auction to buy an interest in the residential energy metering firm from its existing Australian backers Pacific Equity Partners, the people …

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• 14 December

  Virgin Atlantic secures $530m funding from Branson, Delta

  

    Bloomberg Virgin Atlantic Airways Ltd owners Richard Branson and Delta Air Lines Inc agreed to provide a 400 million-pound ($530 million) capital injection into the UK carrier to see it through the latest slump in global travel. Branson’s Virgin Group will cough up 204 million pounds of the funding and Atlanta-based Delta the rest, allowing them to maintain their …

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• 14 December

  NYC’s JFK Airport set for $9.5 billion Carlyle-backed redo

  

    Bloomberg New York Governor Kathy Hochul announced a $9.5 billion revamp of Terminal 1 at John F Kennedy International Airport, restarting the transformation of one of the busiest airports in the US as it works through pandemic delays. The funding infusion will create a new Terminal 1 on the current site of terminals 1, 2, and 3 at the …

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• 14 December

  Boeing, FAA whistle-blower safety risks detailed by Senate

  

    Bloomberg Whistle-blowers at Boeing Co and others involved with the aviation industry are raising renewed concerns about safety in the wake of the 737 Max crash investigations, according to a report. Senator Maria Cantwell, the Washington Democrat who is chairwoman of the Senate Commerce, Science and Transportation Committee, called on US aviation regulators to act on the latest concerns …

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• 14 December

  Ocado wins ruling in patent fight over robot warehouses

  

    Bloomberg Ocado Group Plc shares surged after the UK company won the first round in a patent-infringement case filed by rival AutoStore Holdings Ltd that has been hanging over the online grocery technology provider. Ocado shares rose as much as 9%, while Autostore dropped as much as 15%. Three AutoStore patents are invalid, while Ocado doesn’t infringe a fourth, …

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• 14 December

  BA’s Gatwick short-haul to fly from March

    Bloomberg British Airways said its new Gatwick short-haul operation will begin flying in March, with the UK carrier putting tickets to 35 destinations on sale from Tuesday. Flights operated by the new subsidiary — BA Euroflyer — will continue to be branded British Airways, and will operate to destinations including Ibiza, Faro in Portugal, Malaga and Tenerife in Spain …

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• 14 December

  UK homeowners enjoy a $4trn untaxed property windfall

  

    Bloomberg British homeowners have enjoyed a $4 trillion untaxed wealth windfall from rising property values over the last 20 years that is unlikely to be repeated, with the bulk of riches going to the well-off, the over 60s and those living in London. In a report calling for gains to be taxed, the Resolution Foundation said the surge in …

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• 14 December

  Apple ends lower as $3trillion market value proves elusive

  

    Bloomberg Apple Inc shares fall, with the iPhone maker retreating in the wake of a recent advance that brought it within striking distance of what would be a historic $3 trillion market valuation. The stock closed down 2.1% at $175.74. This was Apple’s biggest one-day percentage loss since the broad market selloff on November 26, and it resulted in …

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• 14 December

  China Mobile poised for Shanghai mega listing after US ban

  

    Bloomberg China Mobile Ltd, the country’s largest wireless carrier by revenue, has received approval from regulators to list in Shanghai after being removed from the New York Stock Exchange due to an investment ban ordered by former President Donald Trump. The state-run enterprise got the nod from the China Securities Regulatory Commission to issue A-shares, according to a filing …

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