January, 2021

• 24 January

  Airbus slows production ramp-up over Covid-19

  

  Bloomberg Airbus SE slowed the pace of a planned ramp-up in jetliner production, after a global surge in coronavirus cases dealt a fresh blow to demand. Output of the A320-series narrow-body, Airbus’s best-selling model, will now rise gradually to 45 per month through the fourth quarter, the European planemaker said in a statement. It had previously targeted a faster jump, ...

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• 24 January

  Walmart expands its vaccination effort in US

  

  Bloomberg Walmart Inc plans to offer Covid-19 vaccines in at least seven additional states in the coming days, significantly expanding the availability of shots as the US grapples with a slower-than-expected rollout. The world’s largest retailer, which had already been providing inoculations to eligible people in New Mexico and Arkansas, will broaden the effort to select stores in Georgia, Indiana, ...

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• 24 January

  KLM to slash 1,000 more jobs

  

  Bloomberg Air France-KLM’s Dutch arm is cutting as many as 1,000 jobs on top of 5,000 shed last year in a sign the resurgence of Covid-19 cases in Europe is pushing airlines to take more drastic measures to survive the pandemic. The workforce needs to be reduced because a recovery in air travel is taking longer than initially expected, KLM ...

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• 24 January

  Norwegian wins state backing for slimmer survival plan

  

  Bloomberg Norwegian Air Shuttle ASA won state backing for its slimmed-down restructuring plan, boosting the bankrupt carrier’s bid to attract new investors and exit insolvency proceedings. The Norwegian government said that it will participate in a hybrid loan for the airline, provided enough outside capital is raised and the restructuring plan receives court approval. The expression of support comes a ...

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• 24 January

  United sinks over travel rebound uncertainties

  Bloomberg United Airlines Holdings Inc sank after failing to forecast when a demand rebound would improve results, about a week after Delta Air Lines Inc. said a profit was in reach by the third quarter. This year will serve as a “transition” after the collapse in travel demand because of the coronavirus pandemic, United said as it reported fourth-quarter earnings. ...

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• 24 January

  UK retail sales less than expected in Dec

  Bloomberg UK retail sales rose less than expected in December, adding to evidence that a succession of Covid-19 lockdowns is dragging down the economy. Sales in shops and online increased 0.3% after declining in November, the Office for National Statistics (ONS) said. That’s a percentage point less than economists had expected. From a year earlier, sales rose 2.9%. The report ...

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• 24 January

  Biden speaks to leaders of Canada and Mexico on migration, trade

  

  Bloomberg President Joe Biden spoke with the leaders of Canada and Mexico, his first calls with foreign counterparts since his inauguration this week. In a nod to continental cooperation, Biden’s first conversation was with Canadian Prime Minister Justin Trudeau and then Mexican President Andres Manuel Lopez Obrador. The White House, in a statement, said Biden underscored to Trudeau “the strategic ...

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• 24 January

  China allows coast guard to fire on foreign vessels

  

  Bloomberg China’s passed a controversial law that gives the coast guard more freedom to fire on foreign vessels, a move that could fuel risk of military miscalculation in the Western Pacific. The law is aimed at “safeguarding national sovereignty, security and maritime rights,” the official Xinhua News Agency said in a report on Saturday. The law will take effect from ...

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• 24 January

  Trump’s impeachment trial to begin in February

  Bloomberg Arguments in the second impeachment trial of former President Donald Trump will begin the week of February 8, giving the Senate time to continue confirming President Joe Biden’s cabinet, Senate Majority Leader Chuck Schumer said. The House will transmit the single article of impeachment to the Senate on Monday and, as in previous impeachments, senators will be sworn-in as ...

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• 24 January

  Sunak’s tax choices to fix UK debt range from wealth to fuel

  

  Bloomberg The UK is still in the grip of the coronavirus crisis, but political speculation is already rife on how the country will manage the ballooning debt it has run up to fight the pandemic. With the nation still fresh from almost a decade of austerity, there’s little appetite for spending cuts to shrink a deficit on course to reach ...

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