December, 2020

• 9 December

  Jet Air planning to resume services by summer 2021

  

  Bloomberg Bankrupt carrier Jet Airways India Ltd, once the nation’s biggest airline by market value, is planning to restart operations as a full-service carrier by the summer of 2021, its new owners announced. A consortium led by Dubai-based entrepreneur Murari Lal Jalan and Kalrock Capital has set a revival plan for Jet Airways, which includes a dedicated freighter service and ...

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• 9 December

  Mike Ashley’s Frasers Group in talks to buy Debenhams

  

  Bloomberg Mike Ashley’s Frasers Group Plc is in last-ditch talks to buy the ailing Debenhams department store in a move which could save thousands of jobs. The owner of the Sports Direct brand confirmed it was in negotiations in an emailed statement and said “we hope to be able to save as many jobs as possible” at Debenhams, one of ...

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• 9 December

  Airbus bets on hydrogen to deliver zero-emission jets

  

  Bloomberg There are plenty of obstacles standing in the way of developing the first zero-emission, hydrogen-powered plane. It’s tricky to safely store and use the highly combustible fuel. There aren’t any airports equipped to refuel jets with it. And the cost of hydrogen itself is prohibitive, at least if you want to avoid producing greenhouse gases. Yet in September, Airbus ...

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• 9 December

  Brazil’s Gol to resume 737 Max operations on Dec 9

  Bloomberg Brazil’s Gol Linhas Aereas Inteligentes SA said it will be the first airline to resume regular flights with Boeing Co’s 737 Max since safety officials lifted a lengthy grounding of the embattled jet last month. Passenger service on the Max will begin on December 9 on domestic routes from Sao Paulo, the airline said in a statement. Gol has ...

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• 9 December

  Heathrow to pay dividend from 2022

  Bloomberg London Heathrow airport says it could resume paying a small dividend to shareholders from 2022, the Sunday Times reported. Heathrow said it would not pay dividends this year or next in return for leniency from its shareholders in a submission to the Civil Aviation Authority (CAA). The airport will resume payouts of about 400 million pounds ($538 million) a ...

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• 8 December

  Biden reaches deadline that makes victory ‘irreversible’

  

  Bloomberg Joe Biden will be one formal step closer to the presidency after Tuesday’s deadline for states to certify their slates of electors to the Electoral College — locking in the names of the people who will formally vote to make Biden the president. Once that happens, there’s little turning back. Congress must by law accept those electors if there’s ...

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• 8 December

  India strike intensifies protests against new agricultural laws

  

  Bloomberg Tens of thousands of farmers across India took to the streets on Tuesday during a nationwide strike demanding the scrapping of new agricultural laws, intensifying an almost fortnight long standoff with the government of PM Narendra Modi. The daylong shutdown, called by several farm groups, impacted traffic and movement in some parts of the country. Wholesale agricultural markets in ...

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• 8 December

  Thai pro-democracy demonstrators plan protest against royal defamation law

  

  Bloomberg Thailand’s pro-democracy groups will hold a gathering this week to press for the abolition of a law that penalises insulting and criticising the nation’s top royals, after authorities invoked the act against protest leaders who are demanding monarchy reform. The protesters, who have been rallying regularly in capital Bangkok and other cities since mid-July, will hold “an important event” ...

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• 8 December

  Poland, Hungary mull deal over EU budget

  

  Bloomberg Poland’s prime minister launched a broadside on the European Union’s push to link funding to democratic values, ratcheting up tension over his country’s decision to derail the bloc’s $2.2 trillion spending package with Hungary. EU officials have given the two countries hours to offer a clear signal that they’ll lift their veto as early as Tuesday, according to people ...

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• 8 December

  Macron, Merkel to keep Brexit off EU summit’s agenda

  

  Bloomberg Angela Merkel and Emmanuel Macron have agreed that Brexit negotiations should be kept off the agenda of this week’s summit of European Union leaders, a sign the bloc will resist making any significant last-minute concessions to the UK and will stick with Michel Barnier’s mandate. The decision was taking during a call between Germany’s chancellor, France’s president, and the ...

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