February, 2021

• 10 February

  Holiday giant TUI betting on UK jabs to rescue its summer

  

  Bloomberg TUI AG stuck with plans to offer four-fifths of its usual holiday program this summer, betting on a surge in demand from Britain to fill hotel rooms as the country’s Covid-19 vaccination program gathers pace. The world’s biggest tour operator said in a statement on Tuesday that while current sales are at only 56% of 2019 levels, prices are …

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• 10 February

  KLM makes first regular flight with sustainable fuel

  

  Bloomberg Air France-KLM’s Dutch arm operated a passenger flight from Amsterdam to Madrid that the carrier says was the first in the world to use sustainably derived synthetic aviation fuel. The Boeing Co 737-800 narrow-body plane carried 500 litres of the fuel produced by Royal Dutch Shell Plc, equating to more than 5% of the total requirement for the trip, …

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• 10 February

  Kenya Air ramps up cargo capacity for flower season

  

  Bloomberg Kenya Airways Plc increased cargo capacity after its rival, Ethiopian Airlines, was allowed to deploy more freighters to help carry Kenyan flowers to Europe ahead of Valentine’s Day this weekend. The Kenyan airline adapted a passenger Boeing 787 Dreamliner to start carrying cargo, and help meet more flower orders. The conversion and increased flight frequencies will add as much …

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• 10 February

  British Airways plans its 2022 test with LanzaJet

  

  Bloomberg British Airways is partnering with LanzaJet for sustainable aviation fuel as part of the carrier’s plans to decarbonise by 2050, amid rising pressure on the aviation industry to cut emissions. The US startup will supply ethanol-derived fuel from its Freedom Pines Fuels facility in Georgia, and British Airways will use it to power some flights starting in late 2022, …

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• 10 February

  Ocado cautious about its retail growth in UK

  Bloomberg Ocado Group Plc is counting on three new automated warehouses in the UK to improve its ability to meet demand for online grocery shopping that’s thriving during the pandemic. The company’s retail revenue jumped by 35% in 2020, as the UK delivery arm that’s jointly owned with Marks & Spencer Group Plc gained popularity among Covid-wary customers favoring e-commerce …

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• 10 February

  Bryant crash probe to highlight gaps in helicopter safety

  

  Bloomberg Basketball legend Kobe Bryant’s death as his chartered helicopter crashed in a Southern California fog bank last year highlighted some familiar — and preventable — safety concerns. They include questionable decisions about whether to take the flight and to proceed in deteriorating weather; possible pressure to fly with a celebrity passenger; and a pilot who hadn’t practiced flying in …

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• 10 February

  US stocks halt rally; dollar declines as bonds surge

  

  Bloomberg US stocks were mixed after a six-day rally as investors debated whether commitments by the Federal Reserve and the Biden administration to let the economy run hot will spark destabilising inflation. The S&P 500 Index edged lower, taking a break from a rally fueled by signs the Biden administration intends to pass a sizable aid bill while the central …

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• 10 February

  Hong Kong exchange appoints JPMorgan’s Aguzin as new CEO

  

  Bloomberg Hong Kong’s stock exchange named Nicolas Aguzin, who heads JPMorgan Chase & Co.’s international private bank, as its new chief executive officer. After a protracted search, the 52-year-old banker was appointed to a three-year term as the top boss at Hong Kong Exchanges & Clearing Ltd., according to a statement that confirmed an earlier Bloomberg News report. He will …

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• 8 February

  Brent oil tops $60 as demand recovers after virus devastation

  

  Bloomberg Oil in London rose above $60 a barrel for the first time in more than a year as stockpiles tighten and the demand outlook improves amid the global rollout of Covid-19 vaccines. It’s another milestone in a stellar comeback from the biggest demand destruction in a generation after the pandemic forced countries to lock down, devastated economies and grounded …

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• 8 February

  Breakbulk Middle East opens today

  DUBAI / WAM Breakbulk Middle East (BBME) is hosting their Digital Special on Tuesday in the midst of high-level officials and professionals from the breakbulk and project cargo industry. The live-in person event is scheduled to be held on February 01-02, 2022. The event will feature discussions on topics of importance like the significant role of women in the industry …

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