January, 2021

• 6 January

  Tiffany shareholders’ nod for LVMH sale caps rocky saga

  

  Bloomberg The holiday blessing that Tiffany & Co shareholders gave to sell the storied jeweller to LVMH pushes the contentious transaction closer to the finish line, giving billionaire Bernard Arnault the long-sought pathway to expand his global collection of luxury brands. Tiffany will be dropped from the Standard & Poor’s 500 Index now that the deal has been approved, S&P ...

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• 6 January

  Naixue raises new funds at $2b value

  Bloomberg The owner of bubble tea chain Nayuki, also known as Naixue’s Tea in Chinese, has completed a new funding round that values the company at nearly $2 billion, according to people familiar with the matter. Shenzhen Pindao Restaurant Management Co has raised more than $100 million in a series C funding round led by private equity firm PAG, said ...

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• 6 January

  IndiGo says some data may be compromised in ‘breach’

  Bloomberg IndiGo, India’s biggest airline, said some segments of its data servers were breached in a hacking incident in December, which may compromise some data. “There is a possibility that some internal documents may get uploaded by the hackers on public websites and platforms,” IndiGo said. “We realise the seriousness of the issue, and are continuing to engage with all ...

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• 6 January

  US lawmakers urged to use tunnels as protests add to Washington risk

  

  Bloomberg US lawmakers are receiving urgent security instructions in advance of potential violence in Washington tied to protests as Congress meets to certify Joe Biden as the next US president. The precautions to members of the House and Senate include guidance to use underground tunnels while traveling between chambers in the Capitol and to nearby office buildings during the day. ...

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• 6 January

  Afghanistan, Taliban resume peace talks

  

  Bloomberg Battling a resurgence in violence including a campaign of targeted killings of journalists, Afghanistan’s government resumes peace talks with the Taliban on Tuesday, with efforts expected to be focused on securing a cease-fire agreement in the dying days of Donald Trump’s presidency. Since the intra-Afghan talks began in September in the Qatari capital of Doha, where the Taliban has ...

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• 6 January

  Sunak boosts grants to tide UK businesses through lockdown

  

  Bloomberg Chancellor of the Exchequer Rishi Sunak rolled out 4.6 billion pounds ($6.2 billion) of new support to help UK businesses forced to close during the pandemic, as the country enters its third lockdown. Retail, hospitality and leisure businesses will be entitled to one-off top up grants of as much as 9,000 pounds ($12,233) to tide them over until the ...

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• 6 January

  Denmark’s housing market at its tightest since pre-2008 crisis

  

  Bloomberg Not since the lead-up to the 2008 financial crisis has Denmark’s housing market faced a similar gap between supply and demand, according to the home finance unit of Nordea Bank Abp. The number of residential properties for sale has plunged to its lowest in over a decade, Nordea Kredit estimates, citing new figures compiled by the website boligsiden.dk. The ...

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• 6 January

  Tesla poised for expansion after missing 2020 target

  

  Bloomberg Tesla Inc. came close to meeting its 500,000 vehicle-deliveries goal for 2020, setting the stage for a new year in which it’s expanding in China and poised to open new factories in Texas and Germany. The electric-car maker said it handed over 180,570 vehicles in the year’s final three months, the most for any quarter but just 450 vehicles ...

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• 6 January

  German joblessness falls in December

  

  Bloomberg German joblessness unexpectedly declined in December, though companies were heavily dependent on government subsidies to keep workers employed through the latest lockdowns. A decrease of 37,000 left the total number of unemployed people at 2.776 million and the rate unchanged at 6.1%, according to the Federal Labour Agency. Economists surveyed by Bloomberg had expected a gain of 10,000. At ...

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• 6 January

  UK freight shipping costs quadruple post Brexit, Covid-19

  

  Bloomberg The cost of moving freight from France to the UK surged to more than four times the usual level last week after Brexit and a virulent new strain of the coronavirus complicated supply chains. The spot rate for last-minute shipments across the English Channel reached more than 6 euros per kilometer ($4.56 a mile) for a full truckload in ...

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