January, 2021

• 27 January

  Southwest seeks to pare costs with leave offer

  

  Bloomberg Southwest Airlines Co is offering another round of voluntary leave as staffing levels remain too high for a flight schedule hammered by the coronavirus pandemic. Time off for employees accepting the offer begins on March 1, when thousands of workers are set to return from six-month leaves awarded last year, Southwest said. Already, 791 pilots have agreed to take …

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• 27 January

  Britain to bring in hotel quarantine system for highest-risk travellers

  

  Bloomberg The UK government will introduce a limited hotel quarantine system for passengers arriving from the highest-risk countries, according to a person familiar with the matter. The move is aimed at curbing the spread of new variants of coronavirus that could prove resistant to vaccines, but is expected to apply to arrivals from countries with new forms of the virus, …

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• 27 January

  HK’s airport authority mulls $1.5b bond sale

  Bloomberg Airport Authority Hong Kong is considering raising as much as $1.5 billion in its second dollar bond offering in two months, according to people familiar with the matter. The airport operator kicked off a series of investor calls on Wednesday for the potential offering, said the people who are not authorised to speak publicly and asked not to be …

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• 27 January

  Online sales ignite in corners of world late to revolution

  

  Bloomberg Years from now when the pandemic’s impact on global business is analysed, it’s likely that the most lucrative change will be how it pushed—or actually shoved—massive markets into the modern e-commerce era. In many countries, online shopping hadn’t been easy because of underdeveloped infrastructure and the reluctance, or inability, of consumers to use banks and electronic payment. That stalled …

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• 27 January

  Levi expands Target partnership

  Bloomberg Levi Strauss & Co is expanding its partnership with retailer Target Corp well beyond blue jeans. The agreement will mark Levi’s first home-goods partnership, with new products including tableware and pillows, the companies said in a statement. The tie-up will also broaden its Red Tab brand within Target stores, with in-store displays planned at more than 500 locations by …

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• 27 January

  Japan stock rally defies foreign sales thanks to BOJ and banks

  

  Bloomberg Japan’s equity rally last year in the face of foreign selling is challenging conventional wisdom that purchases by overseas investors are necessary for the market to keep rising. And that breakdown in correlation bodes well for the country’s shares. The Nikkei 225 Stock Average advanced 16% in 2020 despite more than 6 trillion yen ($58 billion) of foreign net …

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• 27 January

  Stocks dip before Fed; earnings spur US tech

  

  Bloomberg Stocks drifted lower with US equity futures on Wednesday as investors weighed earnings reports and awaited the conclusion of the first Federal Reserve policy meeting of the year. The Stoxx Europe 600 Index opened modestly down amid a wave of corporate results. Luxury conglomerate LVMH edged higher after sales of fashion and leather goods soared in the fourth quarter. …

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• 26 January

  Oil trades near $53 as tighter supply allays demand fears

  

  Bloomberg Oil rose to trade near $53 a barrel in New York as concerns over the pandemic’s latest hit to demand were tempered by signs of tighter global supply. Futures in New York increased 0.4% after rising 1%. A flare-up of the coronavirus in China is threatening fuel demand during the Lunar New Year period, with the government encouraging millions …

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• 26 January

  UAE, Ukraine explore bolstering relations

  

  KIEV / WAM UAE Ambassador to Ukraine Salem Ahmed Al Kaabi and the Minister of Foreign Affairs of Ukraine, Kuleba Dmytro, have discussed ways to develop relations and enhance cooperation between the two countries across various fields of mutual interest. They also discussed efforts to confront the Covid-19 pandemic. Kuleba affirmed the interest of the Ukrainian President, Volodymyr Zelensky, to …

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• 26 January

  Delta to activate 400 idled pilots over travel optimism

  

  Bloomberg Delta Air Lines Inc will return 400 pilots to full flying status by this summer, betting that the expansion of coronavirus vaccinations will trigger a rebound in travel demand. The plan is “well ahead” of when the company originally estimated it would restore pilots to full active status, John Laughter, Delta senior vice president of operations, said in a …

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