May, 2021

• 23 May

  Air India: Cyber attack led to data breach of 4.5m fliers

  

  Bloomberg Hackers infiltrated the servers of Air India Ltd. and gained access to personal data of 4.5 million fliers, the nation’s flag carrier said. Personal data of passengers registered between August 2011 and February 2021 were compromised in the attack, the carrier said in a note to fliers that was shared via Twitter. The details included credit card and contact …

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• 23 May

  IMF backs $50 billion plan to help world escape Covid crisis

  

  Bloomberg The International Monetary Fund (IMF) called for a $50 billion spending plan to protect vast swaths of the world against Covid-19 and narrow a gap in access to life-saving vaccines that’s threatening the global economic recovery from the pandemic. That investment would fund an ambitious effort to immunise at least 40% of the global population by the end of …

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• 23 May

  Brexit Britain’s new carbon market makes polluting pricier

  

  Bloomberg The first handful of trades in the UK’s new carbon market indicates that polluting will be more expensive for everyone from power plants to factories than it is under the European scheme. The launch of the UK’s own carbon system is a replacement for the country’s participation in a nearly identical EU program that’s been going since 2005. Putting …

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• 23 May

  JetBlue founder’s new airline set to debut as travel revives

  

  Bloomberg Airline entrepreneur David Neeleman’s newest carrier will begin flying from May 27 with an initial network of 16 cities, making it the year’s second US startup looking to use discount fares to grab a piece of a much-anticipated resurgence in leisure travel. Breeze Airways started selling tickets, and the first flights will connect Charleston, South Carolina; Tampa, Florida; and …

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• 23 May

  Air India’s 4.5m flyers data leaked after cyberattack

  

  Bloomberg Hackers infiltrated the servers of Air India Ltd and gained access to personal data of 4.5 million fliers, the nation’s flag carrier said. Personal data of passengers registered between August 2011 and February 2021 were compromised in the attack, the carrier said in a note to fliers that was shared via Twitter. The details included credit card and contact …

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• 23 May

  EasyJet readies for tumultuous summer amid slow reopening

  

  Bloomberg EasyJet Plc predicted an uneven recovery this summer as European destinations relax coronavirus curbs only gradually, prompting the discount airline to chart a more cautious path to rebuilding its service. The UK company expects to add flights in earnest from June, a month later than planned, it said after posting a 701 million-pound ($990 million) loss for the first …

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• 23 May

  Canadian retail sales hit a snag in April

  

  Bloomberg Canadian retail sales hit a snag in April amid a third wave of Covid-19 restrictions. Receipts fell 5.1% last month after many provinces introduced strict measures to curb virus cases, according to preliminary data from Statistics Canada. The drop reverses two strong months of gains, including a 3.6% increase in March. Canadian retailers are likely to remain weak throughout …

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• 23 May

  China Resources mulls $2b HK IPO for its supermarket

  

  Bloomberg China Resources Holdings Co is weighing a Hong Kong initial public offering for its supermarket business CR Vanguard that could raise as much as $2 billion, according to people familiar with the matter. The state-owned conglomerate has held initial talks with potential advisers on the share sale plan, which could happen as soon as next year, the people said, …

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• 23 May

  Germany’s Condor rescued as financial investor swoops in

  Bloomberg Financial investor Attestor Ltd has acquired a majority stake in German airline Condor, rescuing a company that’s survived on government support after the coronavirus pandemic punctured the boom in air travel. Attestor, a wealth management company with around 5.5 billion euros ($6.7 billion) in assets, will pump 200 million euros of capital into Condor and spend an added 250 …

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• 23 May

  RBI eases India government finances with $14bn payout

  

  Bloomberg India’s central bank approved paying a higher-than-expected nearly $14 billion as dividend to the government, providing relief to Finance Minister Nirmala Sitharaman at a time when the pandemic has strained public finances. The central board of the Reserve Bank of India approved transferring 991.2 billion rupees ($13.6 billion) to the government on, according to a statement from the Reserve …

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