June, 2021

• 14 June

  KKR expands aircraft lending, buying $800m CIT portfolio

  

  Bloomberg KKR & Co has acquired an almost $800 million loan portfolio from CIT Group Inc as it seeks to expand its footprint in the aviation sector. The deal is part of the global investment firm’s launch of a new commercial aviation lending platform, AV AirFinance Limited, which will provide secured financing to airlines, lessors, manufacturers and investors. The purchase ...

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• 14 June

  Westons consider $5.7 billion Selfridges sale after approach

  

  Bloomberg The billionaire dynasty behind Selfridges & Co is considering a 4 billion-pound ($5.66 billion) sale of the British department store group following an approach from a potential buyer. The Weston family has asked Credit Suisse to advise on the future of the business, which includes the flagship emporium on London’s Oxford Street and stores operating under other names in ...

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• 13 June

  Swiss plan to reopen border for vaccinated int’l travellers

  Bloomberg Switzerland plans to reopen its borders for overseas visitors who have received a Covid-19 vaccine on June 28, joining other European countries easing entry rules imposed during the pandemic. Along with European Union countries, Switzerland has restricted travel from outside of Europe’s Schengen area as a result of the pandemic. With its vaccine drive accelerating and Covid-19 infections falling, ...

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• 13 June

  Alex, Ani files bankruptcy after expansion

  Bloomberg Jewellery maker Alex and Ani LLC, which operates dozens of stores, filed for Chapter 11 bankruptcy protection and put itself up for sale. The company said it entered into a restructuring agreement with debt and equity holders as it works to reorganise and boost its online and wholesale businesses. The retailer expects “little to no disruption” in operations. Alex ...

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• 13 June

  Britain attacks ‘offensive’ EU as Brexit G-7 argument escalates

  

  Bloomberg Boris Johnson’s UK government doesn’t want any of the leaders at the Group of Seven summit to leave Cornwall without knowing just how angry he is with some of them about Brexit. For the second day in a row, Johnson’s Foreign Secretary Dominic Raab has taken to broadcast interviews to condemn European “ignorance” about the UK, as a dispute ...

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• 13 June

  Biden-Putin meeting won’t be ‘light-switch’ moment: Blinken

  

  Bloomberg President Joe Biden’s meeting with Vladimir Putin won’t be a “light-switch moment” but the start of a longer process aimed at establishing a more stable relationship, said Secretary of State Antony Blinken. Biden believes there are areas where the US and Russia can co-operate, Blinken said on CBS’s “Face the Nation,” one of four scheduled talk-show appearances on Sunday. ...

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• 13 June

  Merkel’s would-be heir prefers ‘Free Democrats’

  

  Bloomberg The head of Chancellor Angela Merkel’s party said he’d prefer to govern with the pro-business Free Democrats, rejecting higher taxes for top earners and criticising the Greens in the buildup to Germany’s election in September. Armin Laschet, Merkel’s would-be heir at the helm of Europe’s biggest economy, told Bild am Sonntag that his Christian Democratic Union is politically closer ...

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• 13 June

  Peru’s Fujimori questions vote, accuses president of interference

  

  Bloomberg Peruvian presidential candidate Keiko Fujimori claimed that the June 6 election where she narrowly trails was plagued with irregularities, and accused President Francisco Sagasti of interference. “This is an attempt by the international left to bend popular will,” Fujimori said at a press conference, adding that leftist leaders in the region are determined to declare her competitor Pedro Castillo ...

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• 13 June

  Xi orders safety check after deadly explosion

  Bloomberg Chinese President Xi Jinping ordered officials to check for safety risks ahead of the Chinese Communist Party’s 100th anniversary, the state-owned radio broadcaster reported, following a deadly gas explosion in Hubei province. Xi told local authorities to “improve political sensitivity” and thoroughly investigate safety risks throughout the country to “create a good atmosphere” for the Party’s anniversary, according to ...

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• 13 June

  Pelosi says Trump-era subpoenas go ‘beyond Richard Nixon’ as she vows to investigate

  

  Bloomberg House Speaker Nancy Pelosi demanded that Trump-era officials testify under oath about the Justice Department’s effort to secretly subpoena data from House Democrats and the news media. Former attorneys general Bill Barr and Jeff Sessions, along with Rod Rosenstein, a former deputy attorney general, must answer to questions about subpoenas that were issued to at least two Democrats tied ...

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