May, 2021

• 4 May

  EU proposes easing curbs for Covid-vaccinated tourists

  

  Bloomberg The European Commission proposed easing restrictions on business and leisure travel for those who have been fully inoculated against Covid-19, adding to signs of a gradual return to normalcy as vaccinations gather pace. The European Union’s executive arm recommended welcoming tourists from countries with relatively low infection rates as well as those who are fully vaccinated, according to a …

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• 4 May

  Dassault poised to announce largest-ever Falcon jet

  

  Bloomberg Dassault Aviation SA is poised to announce its largest-ever Falcon corporate jet next week, stepping up a push to compete toe-to-toe with the swankiest offerings from Bombardier Inc and Gulfstream. While Dassault has kept a tight lid on details, the industry is already abuzz with speculation that the plane will match or surpass rival jets in size, speed and …

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• 4 May

  Thailand increases quarantine period

  Bloomberg Thailand will increase a mandatory quarantine period for all arrivals to two weeks in a setback to the country’s previous plans of gradually reopening its borders to foreign visitors. The Southeast Asian nation reduced the timeframe to seven days for vaccinated tourists and ten days for most others in a bid to boost its tourism sector. But the latest …

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• 4 May

  Stocks dip, futures gain as traders assess inflation

  

  Bloomberg US equity futures climbed and stocks in Asia dropped on Monday as investors assessed inflation risks amid improving economic activity. The dollar held onto gains. Hong Kong led losses amid low volumes with Japan and China, as well as the UK, among markets closed for holidays. The US and European futures edged higher after the S&P 500 dropped from …

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• 4 May

  Retail investors vow war if short sellers end Korea stock rally

  

  Bloomberg Retail traders who drove record gains in South Korean stocks during the darkest days of the pandemic are bracing for a new threat — the return of institutional players betting on share-price declines. The world’s longest ban on short-selling stocks came to an end on Monday. Stocks fluctuated between gains and losses. Nevertheless, the end of the ban has …

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• 3 May

  India eases some GST rules to help taxpayers

  

  Bloomberg India’s government eased some rules relating to indirect-tax compliance to ease the burden of citizens during the pandemic period. Reduced penalty and waiver of late fees on delayed goods and services tax payments were among the measures announced by the Finance Ministry on Sunday. Taxpayers were also allowed more time to file GST returns. For persons with turnover above …

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• 3 May

  Russia hikes oil output as its Opec+ quota rises

  

  Bloomberg Russia increased its oil production in April thanks to a more generous Opec+ quota. The nation pumped 42.81 million tons of crude and condensate last month, according to preliminary data from the energy ministry’s CDU-TEK unit. That equates to 10.46 million barrels a day, or 1.9% more than in March. The data don’t provide a breakdown between crude and …

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• 3 May

  Exxon, Chevron preach prudence even as cash waterfall returns

  

  Bloomberg Exxon Mobil Corp and Chevron Corp added momentum to a nascent recovery in the US oil industry as they reported bumper cash flow, a dramatic improvement after a torrid 2020. The energy giants generated enough cash to cover dividends, debt payments and project spending in the first quarter, the first time they’ve managed to do that in more than …

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• 3 May

  China’s Xi vows focus on emission cuts, end energy-inefficient projects

  

  Bloomberg China will make cutting emissions a focus of its ecological strategy in the next five years, President Xi Jinping said, vowing to call off projects which consume a lot of energy and can’t meet environmental standards. “The carbon neutral and emission-peaking goals are solemn promises China has made to the world,” Xi said at a study session of the …

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• 3 May

  Covid-19: Lufthansa, Heathrow airport see delayed rebound

  

  Bloomberg Deutsche Lufthansa AG reined in capacity plans and London’s Heathrow airport lowered passenger forecasts as new waves of coronavirus infections dent prospects for a travel rebound by the start of summer. Lufthansa now expects to offer only 40% of its pre-pandemic capacity for 2021 as a whole, according to a statement, a figure that’s below the level it has …

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