January, 2021

• 12 January

  Signature reaches $4.6b GIP deal, keeps its options open

  

  Bloomberg The pursuit of Signature Aviation Plc turned into a three-way contest, with Global Infrastructure Partners (GIP) rejoining the battle for the world’s largest operator of private-jet bases after an earlier bid was rejected. Signature Aviation agreed on Monday to a $4.63 billion buyout by GIP, while leaving the door open for higher offers. Investors will receive $5.50 per share ...

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• 12 January

  Madrid airport reopens partially after Filomena

  Bloomberg Madrid’s international airport was ready to resume outbound operation after heavy snowfall covered the Spanish capital and much of the rest of the country prompting its closing, Transport Minister Jose Luis Abalos said. A full reopening is going to be “gradual” as airlines cancelled almost all their flights and are now reorganising their schedule, he said. Spain’s biggest hub ...

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• 12 January

  Globe-trotters pledge to fly less after Covid to help climate

  

  Bloomberg More than two-fifths of the global population would be willing to fly less even after pandemic restrictions ease, according to a survey that shows a growing belief that individual actions impact the climate. The poll of more than 30,000 people published on Monday by the European Investment Bank (EIB) shows 72% of Europeans and Americans and 84% of Chinese ...

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• 12 January

  M&S warns of ‘tariffs’ in Irish business

  Bloomberg Marks & Spencer (M&S) Group warned that sales will suffer from the UK’s new lockdown and as Brexit complicates doing business in countries such as Ireland. Fiscal third quarter like-for-like sales fell by 7.6%, as weaker clothing and homewares revenue offset a stronger performance in food. The company said products exported to countries such as Ireland are facing red ...

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• 12 January

  Trump’s last days bring fresh turmoil to US-China relations

  

  Bloomberg The Trump administration’s final days are proving as confounding as ever for companies and investors stuck in the middle of an increasingly contentious US-China relationship. After a week of widespread confusion over the scope of a US ban on investments in businesses linked to China’s military, both Washington and Beijing took steps over the weekend that threaten to further ...

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• 12 January

  US designates Yemen’s Houthis terrorists after attacks on oil tankers

  

  Bloomberg The US has classified Yemen’s Houthis as a foreign terrorist organisation following a series of attacks on oil tankers in the Red Sea and as Washington seeks to increase pressure on Iran in the final days of Donald Trump’s presidency. The move will give the US “additional tools” with which to counter security threats in the Persian Gulf, according ...

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• 12 January

  Melania Trump ‘disappointed’ by Capitol riot, prays for dead

  

  Bloomberg First lady Melania Trump said on Monday she was “disappointed and disheartened” by the violent attack on the US Capitol last week and called for healing. “Make no mistake about it, I absolutely condemn the violence that has occurred on our Nation’s Capitol. Violence is never acceptable,” she said in a statement released by the White House. Trump called ...

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• 12 January

  Kim appears to hold military parade after blasting US

  

  Bloomberg North Korea appeared to stage a military parade as part of a grand party congress that laid out the scale of the challenge US President-elect Joe Biden faces to rein in Kim Jong Un’s nuclear program. There were signs that North Korea held a parade late Sunday evening, the South Korean Joint Chiefs of Staff said Monday, in what ...

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• 12 January

  WHO expert team to visit China on January 14 to probe origins of virus

  

  Bloomberg China said that a World Health Organisation (WHO) team of experts will arrive this week to investigate the origins of the coronavirus, after the country was criticised by the health body and other nations for a lack of transparency around tracking the pathogen’s source. The team of scientists will come to China from January 14, the National Health Commission said ...

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• 12 January

  India’s top court says it may halt farm laws

  Bloomberg India’s Supreme Court has said it proposes to put three controversial farm laws on hold, a move that could possibly end the stalemate between Prime Minister Narendra Modi’s administration and tens of thousands of farmers protesting for nearly three months now. A three-judge bench headed by Chief Justice of India Sharad A. Bobde said on Monday that a final ...

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