January, 2021

• 7 January

  Qantas reopens ticket sales for international flights from July

  

  Bloomberg Qantas Airways Ltd has started taking bookings for international flights from July 1 in a perhaps optimistic view that by then, vaccinations will have begun to curb the spread of the coronavirus and travel demand will pick up. Ticket sales for Japan, Hong Kong and Singapore, which had been set to start in March, have been pushed back to …

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• 7 January

  Amazon makes first jet purchase to expand cargo network

  

  Bloomberg Amazon.com Inc is buying 11 used Boeing 767-300 planes, the first time the online retail giant has purchased, rather than leased, aircraft for its fast-growing air cargo operation. The company said it was buying seven aircraft from Delta Air Lines Inc and four from WestJet Airlines Ltd. The WestJet aircraft are currently being converted from passenger to cargo use …

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• 7 January

  Prada recovers from worst of Covid-induced slump

  Bloomberg Prada SpA returned to profit in the second half of 2020 amid a recovery in Asia, joining other luxury brands in bouncing back from the worst of a pandemic-induced slump. Earnings before interest and taxes will turn positive in the last six months of last year after a deficit in the first half, the Italian fashion company said. Prada …

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• 7 January

  Next puts brave face on UK lockdown

  Bloomberg Next Plc is learning to live with lockdowns. Chief Executive Officer Simon Wolfson said the worsening pandemic and the UK’s new Covid-related restrictions won’t ruin the whole year as the clothing chain is better prepared now than during previous closures. “This is traditionally the quietest time of year, so I don’t expect the impact to be as big as …

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• 6 January

  Alibaba plans to sell $8bn bonds in show of strength

  

  Bloomberg Alibaba Group Holding Ltd. is looking to raise as much as $8 billion selling dollar bonds as early as next week, according to people familiar with the matter. The e-commerce giant aims to raise at least $5 billion but could wind up with more depending on the reception, said the people who aren’t authorised to speak publicly and asked …

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• 6 January

  Treasury yields hit 1%; Nasdaq futures tumble

  

  Bloomberg Benchmark Treasury yields touched 1% for the first time since March, European stocks rise and the dollar slid on speculation that Democrats could win the US Senate. Cyclical assets, such as US small-cap stock futures and European energy shares, posted strong gains as investors bet that a Democrat-controlled Congress would deliver a bigger economic aid package. Bitcoin surged past …

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• 6 January

  Oil tops $50 as Saudi pledges to cut production next month

  

  Bloomberg Oil breached $50 a barrel as Saudi Arabia pledged a voluntary oil-production cut next month, while most of the Opec+ alliance agreed to hold its production steady. Futures in New York rose as much as 5.1%, topping $50 a barrel for the first time since February before easing off the high. Saudi Arabia didn’t provide a volume on the …

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• 6 January

  UAE, Pakistan to boost defence cooperation

  

  ISLAMABAD / WAM The UAE Ambassador to Pakistan, Hamad Obaid Alzaabi, has discussed with Zobaida Jalal, Pakistani Federal Minister for Defence Production, ways to further develop relations between the two countries and reviewed current regional and international developments. The two sides reviewed both countries’ experience in combating the coronavirus pandemic, the UAE’s humanitarian efforts in this regard and its aid …

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• 6 January

  Changi Airport gears up for business travellers

  

  Bloomberg Singapore’s Changi Airport, a key part of the city-state’s psyche, is reinventing itself for the Covid era and beyond. In a bid to keep people engaged until life returns to normal, it’s offering glamping for families at Jewel, the nature-themed entertainment complex open to the public, as well as a host of holiday offerings from canopy park tours that …

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• 6 January

  Delta CEO reiterates cash flow target

  

  Bloomberg Delta Air Lines Inc’s Chief Executive Officer Ed Bastian reiterated the carrier’s aim to achieve positive cash flow by the spring as it plans for a “year of recovery.” He warned that travel demand will remain “deeply depressed” initially, with the company’s focus on health and safety for passengers. A “significant” resumption of travel, particularly for business, will come …

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