May, 2021

• 23 May

  The US must do more to vaccinate the world

  The Biden administration’s decision to begin sharing US-authorised Covid-19 vaccines with the rest of the world is welcome news. Now coronavirus czar Jeff Zients, who will lead US efforts to fight the pandemic abroad, must swiftly craft a global vaccine strategy that’s as focused, ambitious and effective as the one that’s worked so well domestically. Those who ask whether the ...

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• 23 May

  JetBlue founder’s new airline set to debut as travel revives

  

  Bloomberg Airline entrepreneur David Neeleman’s newest carrier will begin flying from May 27 with an initial network of 16 cities, making it the year’s second US startup looking to use discount fares to grab a piece of a much-anticipated resurgence in leisure travel. Breeze Airways started selling tickets, and the first flights will connect Charleston, South Carolina; Tampa, Florida; and ...

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• 23 May

  Air India’s 4.5m flyers data leaked after cyberattack

  

  Bloomberg Hackers infiltrated the servers of Air India Ltd and gained access to personal data of 4.5 million fliers, the nation’s flag carrier said. Personal data of passengers registered between August 2011 and February 2021 were compromised in the attack, the carrier said in a note to fliers that was shared via Twitter. The details included credit card and contact ...

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• 23 May

  EasyJet readies for tumultuous summer amid slow reopening

  

  Bloomberg EasyJet Plc predicted an uneven recovery this summer as European destinations relax coronavirus curbs only gradually, prompting the discount airline to chart a more cautious path to rebuilding its service. The UK company expects to add flights in earnest from June, a month later than planned, it said after posting a 701 million-pound ($990 million) loss for the first ...

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• 23 May

  Canadian retail sales hit a snag in April

  

  Bloomberg Canadian retail sales hit a snag in April amid a third wave of Covid-19 restrictions. Receipts fell 5.1% last month after many provinces introduced strict measures to curb virus cases, according to preliminary data from Statistics Canada. The drop reverses two strong months of gains, including a 3.6% increase in March. Canadian retailers are likely to remain weak throughout ...

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• 23 May

  China Resources mulls $2b HK IPO for its supermarket

  

  Bloomberg China Resources Holdings Co is weighing a Hong Kong initial public offering for its supermarket business CR Vanguard that could raise as much as $2 billion, according to people familiar with the matter. The state-owned conglomerate has held initial talks with potential advisers on the share sale plan, which could happen as soon as next year, the people said, ...

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• 23 May

  Germany’s Condor rescued as financial investor swoops in

  Bloomberg Financial investor Attestor Ltd has acquired a majority stake in German airline Condor, rescuing a company that’s survived on government support after the coronavirus pandemic punctured the boom in air travel. Attestor, a wealth management company with around 5.5 billion euros ($6.7 billion) in assets, will pump 200 million euros of capital into Condor and spend an added 250 ...

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• 23 May

  Biden, South’s Moon vow unity on N Korea as US names new envoy

  

  Bloomberg President Joe Biden said he would appoint a special envoy to address issues regarding North Korea and vowed to coordinate policy towards Pyongyang closely with South Korea’s government. Following meetings with South Korean President Moon Jae-in in Washington, Biden said he’s appointing Ambassador Sung Kim to be the special envoy and that the US and South Korea are willing ...

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• 23 May

  Philippines, China hold ‘friendly’ dialogue on South China Sea row

  

  Bloomberg The Philippines and China held talks on the South China Sea through a bilateral online forum set up by both nations to promote dialogue and cooperation over the disputed waters. “The two sides had friendly and candid exchanges on the general situation and specific issues of concern in the South China Sea,” according to a statement released by the ...

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• 23 May

  US weighs financial sanctions against Ethiopia over Tigray war

  

  Bloomberg The Biden administration has prepared economic sanctions against Ethiopia that could halt financing from the US and loans by international financial institutions, according to two people familiar with the matter. The action, if confirmed, would set back relations between two longtime allies in the fight against extremism in the Horn of Africa. They’d add pressure to Ethiopia’s state finances ...

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