December, 2020

• 16 December

  No-deal Brexit puts Airbus’s investment in UK at risk: CEO

  

  Bloomberg Airbus SE Chief Executive Officer Guillaume Faury said a UK split from the European Union without a trade deal could threaten the planemaker’s investment plans in the country. Decisions would be made based on how easy it is to conduct business after Brexit, he said at the Conference of Montreal. In the meantime, the company has no plans to …

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• 16 December

  Jetstar sees Australia air travel demand rebound

  

  Bloomberg Qantas Airways Ltd’s low-cost carrier Jetstar said it will operate a record number of flights in Australia early next year as demand rebounds to higher than pre-pandemic levels. With fewer than 50 active Covid-19 cases, Australia is experiencing a domestic holiday boom as internal travel restrictions ease. The scale of the recovery suggests air passenger traffic, which has been …

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• 16 December

  Air India receives early bids from employee group, Tatas

  

  Bloomberg Air India Ltd has received early bids from the Tata Group and a cohort of its own employees as the government tries to rescue its loss-making flag carrier. Tata Sons Ltd, the holding company of the conglomerate that controls Jaguar Land Rover and part-owns Air Asia Co’s Indian unit, has submitted an expression of interest, according to people with …

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• 16 December

  H&M, Inditex sales go into reverse amid Europe lockdown

  

  Bloomberg Hennes & Mauritz (H&M) and Zara owner Inditex both reported that an improvement in sales stalled in the autumn as a new round of Covid-19 lockdowns led consumers to curb spending on clothes. From late October through November, H&M’s sales fell 22% from a year earlier, the Swedish retailer said on Tuesday. Spanish rival Inditex reported a revenue decline …

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• 16 December

  JPMorgan lands Air Canada as first new card partner

  Bloomberg JPMorgan Chase & Co won a deal to issue cards in the US for Air Canada, the bank’s first new co-brand card partner in more than a decade. The companies plan to introduce the airline’s Aeroplan credit card in late 2021, using the Mastercard Inc network. The expectation is that air travel will have begun to recover by then …

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• 16 December

  Heathrow waits on court clearance

  Bloomberg London’s Heathrow airport is waiting for a ruling from the UK Supreme Court on Wednesday that could give it permission to build a third runway that it may no longer need. An appeals court ruled in February that the government failed to take full account of the Paris Climate Agreement when approving the airport’s expansion. Heathrow was allowed to …

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• 15 December

  US futures signal a rebound after slump; Asia stocks drop

  

  Bloomberg US futures are signalling a rebound after the S&P 500 capped its longest slide since September. In other markets, trading was mixed amid lingering worries about tougher lockdowns. Contracts on the S&P 500 and Nasdaq 100 Index climbed about 0.3 percent, giving a hint of investor optimism after a bruising session on Monday. Elsewhere in markets, the mood was …

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• 15 December

  India’s stock benchmarks erase losses as investors assess economic revival

  

  Bloomberg India’s stock benchmarks erased losses as investors assessed a nascent economic recovery. The S&P BSE Sensex added 0.1% to 46,289.58 as of 2:30 pm in Mumbai, while the NSE Nifty 50 Index advanced by the same magnitude. Both indexes earlier dipped as much as 0.9%. Asian equities were broadly lower as investors considered the prospects of further virus-related business …

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• 15 December

  Oil rally cools after Opec trims demand forecasts for Q1 2021

  

  Bloomberg Oil came off session highs as the Organisation of Petroleum Exporting Countries (Opec) cut forecasts for oil demand again, pointing to uncertainties around the pandemic and the rollout of vaccines. Futures were little changed after rising as much as 1.9% in New York. The Opec in a monthly report reduced projections for global fuel consumption in the first quarter …

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• 15 December

  Investcorp acquires Danish clinical trial company Sanos

  

  BAHRAIN / WAM Bahrain’s Investcorp on Monday announced that it has acquired Sanos Group, a leading provider of specialised clinical trial services to the global pharmaceutical and biotechnology industry. Based in Denmark, Sanos is a global Contract Research Organisation (CRO) providing value-added services to pharma, biotech and research organisations to help plan and conduct clinical trials, a critical part in …

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