April, 2021

• 25 April

  India’s Covid-19 crisis threatens oil recovery

  India, the world’s third-largest oil consumer behind the US and China, was meant to be a major driver of oil’s demand recovery as economies reopened. But the country’s devastating health crisis has made that impossible. Everyone from oil traders to the world’s biggest producers are panicking. Indian Prime Minister Narendra Modi is facing mounting criticism over a surge in coronavirus ...

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• 25 April

  Southwest says it’s ‘hopeful’ cash burn will stop in June

  

  Bloomberg Southwest Airlines Co expects to stop burning cash by June and is adding summer flights almost to 2019 levels as increasing vaccination rates spur trips by vacation-hungry Americans. For the second quarter as a whole, average core cash burn will fall to a range of $2 million to $4 million a day, down from $13 million in the first ...

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• 25 April

  Virgin Atlantic aims to get all of its jets flying by fall

  

  Bloomberg Virgin Atlantic Airways Ltd is aiming to get all of its planes flying by October or November amid continuing uncertainty over how far Covid-19 border curbs will be eased before the end of the summer. The carrier controlled by billionaire entrepreneur Richard Branson is working towards the return to full capacity while awaiting details of UK plans to begin ...

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• 25 April

  Louis Vuitton, Cartier, Prada push blockchain to ensure authenticity

  

  Bloomberg LVMH, Richemont’s Cartier and Prada SpA are joining forces to offer a blockchain solution to their customers seeking an extra seal of authenticity for the goods they’re buying. The alliance of the world’s largest luxury-goods makers plans to make a blockchain-enabled solution available to all luxury brands to provide shoppers with assurance what they’re buying is authentic, the companies ...

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• 25 April

  US Port Authority passes Delta terminal plan at JFK

  Bloomberg The Port Authority of New York & New Jersey approved a scaled-down plan to redevelop Terminal 4 at John F Kennedy International Airport — where Delta Air Lines Inc is the anchor tenant — after the Covid-19 pandemic put a $3.8 billion expansion on hold. The bi-state agency authorised a $1.5 billion first phase with the potential for expansion ...

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• 25 April

  Wing seeks to expand US drone flights

  Bloomberg Alphabet Inc’s Wing Aviation LLC is asking US regulators to allow it to expand drone operations as a way to make more efficient deliveries controlled from a central command post. Wing wants to control its drone flights at a “central hub” from which the remote pilots can oversee operations without being in the aircraft’s operating area, the Federal Aviation ...

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• 25 April

  Asean nations to broker Myanmar talks in bid to end bloodshed

  

  Bloomberg Southeast Asian leaders will appoint an envoy to mediate talks between “all parties” in Myanmar, one of the most concrete moves yet to end months of violence since a February 1 coup that has seen the military regime kill hundreds of pro-democracy protesters. Coup leader Min Aung Hlaing agreed to the dialogue process at a special summit of the ...

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• 25 April

  Philippines holds maritime drills in South China Sea

  

  Bloomberg The Philippines said it conducted maritime exercises in the South China Sea, a move that could escalate tensions in the disputed waters. The coast guard said it deployed eight ships along with the fisheries bureau, as they trained on navigation, small boat operations, maintenance and logistical operations in Scarborough Shoal and Pag-asa Island. The maritime exercises come days after ...

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• 25 April

  World’s biggest coronavirus crisis threatens Modi’s grip on India

  

  Bloomberg As India recorded more than 234,000 new Covid-19 infections last Saturday, Prime Minister Narendra Modi held an election rally in the West Bengal town of Asansol and tweeted: “I’ve never seen such huge crowds.” The second wave of the coronavirus has since grown into a tsunami. India is now the global coronavirus hotspot, setting records for the world’s highest ...

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• 25 April

  Armenian PM Pashinyan resigns before new elections

  Bloomberg Armenian Prime Minister Nikol Pashinyan resigned to trigger new parliamentary elections, following months of opposition protests and calls from top army officers to resign over defeat in last year’s war with neighboring Azerbaijan. The resignation of Pashinyan, 45, will begin the process of dissolving parliament ahead of elections announced for June 20. He earlier met with leaders of the ...

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