December, 2020

• 27 December

  Year of the meme stock Hertz, Kodak top list of 2020 highlights

  

  Bloomberg Vaccine developers, electric-vehicle startups and a bankrupt car-rental company captured the imagination of individual investors in 2020 as Reddit chat rooms touted the so-called meme stocks as the next big winners. The wild swings reflected bets by individuals, many of them new to the market, who looked to brokerage apps like Robinhood Markets to pass the time during the …

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• 27 December

  Russia backs further Opec+ oil-output hike in February

  

  Bloomberg Russia plans to support a further gradual increase in Opec+ production at the next meeting in January, because crude prices are within an optimal range. “To restore our output, that we’ve reduced a lot, the price range of $45 to $55 a barrel is the most optimal,” Deputy Prime Minister Alexander Novak told reporters in Moscow. “Otherwise we’ll never …

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• 27 December

  Houthi-launched missile falls into Yemeni territory

  RIYADH / WAM The Official Spokesman for the Coalition to Restore Legitimacy in Yemen Brigadier General Turki Al-Malki said that the terrorist Houthi militia launched a ballistic missile from Amran governorate on Saturday morning, using civilian objects as a launch site. The missile fell short in Yemeni territory east of Al-Yatmah, Al-Jawf governorate, he added in a statement. “The Houthi …

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• 27 December

  Gove says Britain, EU to enjoy ‘special ties’ with historic deal

  

  Bloomberg Britain and the European Union (EU) will enjoy a “special relationship” as a result of the historic trade agreement that was reached, according to UK Cabinet Office Minister Michael Gove. “We can now embark on a new, more hopeful, chapter in our history,” Gove said in an article published in the Times of London newspaper on Saturday. “We can …

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• 27 December

  GE case hints at secret Airbus narrow-body in development

  

  Bloomberg Airbus SE has solicited engine ideas for a narrow-body jetliner in development, drawing a proposal for a new geared design from General Electric Co. GE’s preliminary proposal, disclosed in a court opinion, reveals previously unreported talks between the engine maker and Airbus for a “next-generation” plane. The court decision was later sealed, indicating the high level of interest in …

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• 27 December

  US requires tests for UK flyers over Covid variant

  

  Bloomberg The US will require passengers flying from the UK to show proof of a negative test for coronavirus, amid rising concerns over a more-contagious Covid-19 strain that is spreading after first emerging in England. Travelers arriving from the UK need to get a negative polymerase chain reaction or antigen test no more than 72 hours before leaving, according to …

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• 27 December

  Seven labour groups accept South African Airways pay settlement

  

  Bloomberg Seven labour groups representing workers at South African Airways (SAA) who’ve not been paid since March agreed to accept a settlement offer of three months’ wages, a move that will aid the government’s efforts to revive the bankrupt state airline. Members of the groups, including the South African Transport and Allied Workers’ Union and the Solidarity union, will also …

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• 27 December

  Air Canada Boeing 737 Max faces engine issues

  Bloomberg An Air Canada Boeing 737-8 Max on a test flight suffered engine issues that forced the crew to shut down one of the plane’s engines and make an emergency landing in Tucson, Arizona, Aviation24.be has reported. Shortly after takeoff, the crew received an indication of hydraulic low pressure in the left engine, the website said. The three-member crew of …

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• 27 December

  Japan retail sales dip as Tokyo prices fall most since 2010

  

  Bloomberg Japanese retail sales resumed falling and Tokyo consumer prices slid the most in a decade amid slumping energy costs and record virus cases that kept shoppers home and darken the recovery outlook. Retail sales fall 2% in November from the prior month, as consumers continued to cut back on apparel purchases, the economy ministry reported. Analysts had forecast an …

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• 27 December

  Boeing plans Seattle-area 787 inspections

  Bloomberg Boeing Co. plans to extend work on 787 Dreamliner jetliners at its main widebody factory north of Seattle for months after it shutters production there next year and shifts final assembly to South Carolina. The planemaker intends to used the freed up space at the Everett, Washington plant to inspect and repair any defects in the carbon-composite airframes of …

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