December, 2021

• 30 December

  Cathay plans to cancel flights as quarantine rules hit crew

  

    Bloomberg Cathay Pacific Airways Ltd. will make “significant” changes to its flight schedule as Hong Kong further tightens quarantine restrictions for aircrew, dealing another blow to a carrier already reeling as the city’s borders remain largely closed. The airline is tentatively planning to cancel some passenger flights to and from the city through the first quarter of 2022, it …

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• 30 December

  US shopping visits to discount retailers surged in December

      Bloomberg Americans flocked to off-price retailers during the holiday period, with visits rising above pre-pandemic levels, according to new data. Foot traffic at T.J. Maxx and Marshalls, both owned by TJX Cos., rose 14.7% and 16.2%, respectively, from December 1 to Christmas Day compared with a year earlier, data from analytics firm Placer.ai show. Burlington Stores Inc.’s foot …

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• 30 December

  SenseTime jumps 23% on debut after IPO delayed by US sanctions

  

    Bloomberg Chinese artificial intelligence giant SenseTime Group Inc jumped on its first day of trading in Hong Kong after a rocky initial public offering that was delayed by concerns over fresh US sanctions. The stock gained as much as 23% in early trading before ending 7.3% higher, the biggest first-day gain since mid-July for any Hong Kong IPO that …

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• 30 December

  Stocks, futures mixed; dollar and Treasuries rise

  

    Bloomberg Stocks were mixed and US futures fluctuated on Thursday in the wake of another Wall Street all-time high on light volumes in the final days of the year. Treasury yields trimmed an advance. The Stoxx Europe 600 gauge was little changed at the open, with technology shares bouncing back to pare some of Wednesday’s drop. Contracts on the …

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• 30 December

  Oil holds near one-month high on signs US stockpiles falling

  

    Bloomberg Oil held near a one-month high after industry data pointed to another drop in US crude inventories and traders bet the fast-spreading Omicron variant would prove to be less severe than earlier virus waves. West Texas Intermediate was steady near $76 a barrel after gaining 11% over the past five sessions. The American Petroleum Institute reported nationwide crude …

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• 30 December

  US, China hold talks on plane cleaning after flight aborted

  

    Bloomberg Talks are underway between the US and China on possible changes to apparent new aircraft-cleaning requirements that prompted a Delta Air Lines Inc flight to turn back to Seattle and that could upend air travel into the Asian nation. The discussions were confirmed on Tuesday by a State Department official who spoke on condition of anonymity. China’s new …

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• 30 December

  Apple puts India iPhone maker on probation for labor violations

  

    Bloomberg Apple Inc put Foxconn Technology Group’s factory in southern India on probation following worker protests and an investigation that revealed substandard living conditions. Foxconn, which uses the facility to assemble iPhones among other gadgets, apologized for the lapses in health standards and pledged to revamp its management and operations in the country. The factory, located in Sriperumbudur on …

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• 30 December

  Three planes to fly potatoes to ease Japan French-fries shortage

  

    Bloomberg US freight forwarder Flexport Inc will help fly three planes loaded with potatoes to Japan, where a shortage of spuds has caused McDonald’s in the country to ration french fries. “Flexport just contracted to fly three 747 loads of potatoes to Japan to help with the French fry shortage,” Chief Executive Officer Ryan Petersen said in a tweet, …

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• 29 December

  US merchandise-trade gap widens to record as imports surge

    Bloomberg The US merchandise-trade deficit widened to a record in November as imports surged to an all-time high. The gap increased to $97.8 billion last month from a revised $83.2 billion in October, according to Commerce Department data released on Wednesday. The figure exceeded all estimates in a Bloomberg survey of economists. The data aren’t adjusted for inflation. The …

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• 29 December

  Alibaba explores options for Weibo stake with state firm

    Bloomberg Alibaba Group Holding Ltd. is in talks with a state-owned conglomerate about a potential deal involving its stake in Weibo Corp, as Beijing moves to curb the influence of China’s tech giants in the sensitive media sphere. China’s e-commerce leader is exploring options for its roughly 30% slice of the Twitter-like social media service, according to people familiar …

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