November, 2020

• 16 November

  Walmart to sell most of Japan’s Seiyu to Rakuten, KKR

  

  Bloomberg Walmart Inc is selling most of Japanese retailer Seiyu to KKR & Co and Rakuten Inc in a deal that values the supermarket chain at 172.5 billion yen ($1.6 billion), as the US giant retreats from its two-decade attempt to crack Japan’s retail market. Under the agreement, private equity fund KKR will become the majority owner with a 65% ...

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• 16 November

  American Air reduces London flights in Dec

  Bloomberg American Airlines Group Inc said it’s reducing flights from major US airports to London next month due to low demand, damping hopes that the holiday season would facilitate a recovery in travel. The airline will stop London flights from New York, Chicago and Charlotte, North Carolina, in December. Passengers can travel to London via its partner British Airways from ...

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• 16 November

  HK to S’pore flight searches triple in hours

  Bloomberg Online searches for flights from Hong Kong to Singapore surged 300% within three hours of the announcement an air travel bubble would open between the two financial hubs on November 22, according to Trip.com. Searches for Singapore to Hong Kong flights jumped 200%, and volume climbed for hotels in both cities as well, the online travel services provider said. ...

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• 16 November

  Former official warns Biden of US-China catastrophe

  

  Bloomberg Former US Secretary of State Henry Kissinger said the incoming Biden administration should move quickly to restore lines of communication with China that frayed during the Trump years or risk a crisis that could escalate into military conflict. “Unless there is some basis for some cooperative action, the world will slide into a catastrophe comparable to World War I,” ...

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• 16 November

  Trump campaign lawyer says she’s being harassed

  

  Bloomberg An attorney working for President Donald Trump’s campaign on an election lawsuit said she’s being harassed for her work, including by a lawyer from a firm representing the state of Pennsylvania. Linda Kerns, who leads her own law firm in Philadelphia, said in a court filing that an attorney with Kirkland & Ellis in Washington left her a one-minute ...

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• 16 November

  Ethiopia forces advance on dissident capital

  

  Bloomberg Ethiopia said its army advanced on the capital of the rebellious Tigray region as the conflict spread beyond the nation’s borders. The government claimed its forces captured the town of Alamata in southern Tigray over the weekend, building on the seizure of other towns in the west. The region’s ruling Tigray People’s Liberation Front said it’s also being attacked ...

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• 16 November

  Europe’s new drug agency head warns of ‘vaccine safety’

  

  Bloomberg Monitoring the safety of Covid-19 vaccines, especially those relying on novel technologies such as messenger RNA, will be one of the biggest challenges once shots are rolled out widely, according to Europe’s new drug agency chief. Positive results won’t “remove the need to monitor very carefully these new vaccines, particularly the first couple that seem to be coming through,” ...

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• 16 November

  Investors ask BMW, Glencore to disclose climate risk in accounts

  

  Bloomberg Investors managing more than $9 trillion of assets have called on some of Europe’s biggest companies to include an assessment about the impact of climate change in their financial statements. DWS, Insight Investment and JPMorgan Asset Management are among 38 members of the Institutional Investors Group on Climate Change that wrote to 36 companies requesting they “properly reflect the ...

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• 16 November

  Apple targeted by EU privacy activist who took on Facebook

  

  Bloomberg Apple Inc’s ad tracking is the target of two complaints to Spanish and German authorities by a privacy advocate whose earlier legal battles are forcing Facebook Inc to change the way it transfers data. Noyb, a group founded by privacy activist Max Schrems, is accusing Apple of unlawfully installing so-called identification for advertisers on its devices. The service helps ...

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• 16 November

  Ancestry, Dunkin’ buyout loans lead debt sale surge

  

  Bloomberg Leveraged loans funding acquisitions of Ancestry.com Inc and Dunkin’ Brands Group Inc are marketing, as private equity firms dash to lock in cheap financing before the holiday season kicks off. There are at least 13 loans for over $9.1 billion due over the next five sessions, with about 80% funding either buyouts or dividend payouts. That includes Inspire Brands ...

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