November, 2020

• 11 November

  The populists may regret their embrace of Trump

  

  We know that US President Donald Trump loves strongmen. He was famously soft on Vladimir Putin’s Russia; he welcomed Hungary’s xenophobic Viktor Orban to Washington by saying he had done “the right thing” by restricting immigration; and he said he got along better with world leaders “the tougher and meaner they are”. And the strongmen loved him back. Orban wrote ...

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• 11 November

  Adidas’s bet on rebirth of Reebok

  

  Will Dad sneakers be enough to save Reebok? Bloomberg News has reported that Germany’s Adidas AG is exploring a sale of the shoe brand, which could be worth between about 1.5 billion euros ($1.8 billion) and 2.5 billion euros. Private equity groups Permira and Triton are circling the division, the Financial Times reported. There was no word from Adidas on ...

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• 11 November

  Beijing tore up China’s giant internet playbook

  All the things that allowed China’s internet innovators to become big, powerful and hugely profitable are under threat. The implications are chilling for established players. Draft rules detailed by China’s antitrust watchdog are aimed at rooting out monopolistic practices among internet companies, Bloomberg News reported. That could be invigorating for potential challengers to industry leaders such as Alibaba Group Holding ...

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• 11 November

  Should the millennials, Gen Z get vaccine first?

  If the Pfizer-BioNTech vaccine gains regulatory approval by Christmas, we can cheer the scientists for heroic work. But it will be the distribution decisions made by governments that will determine how quickly we can all exit Covid confinement. The UK has put itself in a strong position to access early vaccines, but its approach to prioritisation and distribution needs careful ...

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• 11 November

  Ambani takes on Amazon in India’s booming online market

  

  Bloomberg Billionaire Mukesh Ambani obliterated rivals in India’s telecommunications sector by selling $2 data plans and free voice calls. Four years later, he’s deploying a very similar tactic — cutthroat pricing — to gain an edge in the country’s increasingly competitive e-commerce space. As India hits the peak of its biggest shopping season, the festival of Diwali, the tycoon’s retail ...

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• 11 November

  Boeing stages 30% Nov rally on 737 Max return, vaccine hope

  

  Bloomberg Boeing Co, the biggest laggard on the Dow Jones Industrial Average this year through October, is turning the tables in November with a 30% gain. The shares are surging this month on the impending return of its 737 Max jet and promising vaccine trials from Pfizer Inc that suggest an eventual rebound in the depressed market for jetliners. Another ...

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• 11 November

  Norwegian in crisis as state denies ‘rescue’

  

  Bloomberg Norwegian Air Shuttle ASA risks becoming a casualty of the global aviation crisis after the state rejected a request for a second multi-billion krone rescue package. A fresh bailout wouldn’t be a good use of public funds, the government in Oslo said, leaving the discount carrier in need of help to weather the winter months as air travel remains ...

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• 11 November

  EU tariffs on US-made jets may affect Ryanair’s Max order

  

  Bloomberg Ryanair Holdings Plc’s long-delayed Boeing Co 737 Max deliveries face a new hurdle after the European Union opted to apply tariffs to US-made aircraft. The European bloc said it would levy 15% tariffs on US jets, alongside other goods including wheat, cheese, etc. Dublin-based Ryanair, the continent’s biggest discount carrier, has more than 135 Max 200 jets on order, ...

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• 11 November

  American to revive flying long haul

  Bloomberg American Airlines is resuming much of its short-distance service to Latin America and starting to bring back longer flights over the next few weeks, building off of its dominance in the region among US rivals. South America is the strongest part of American’s long-haul system amid the coronavirus pandemic “when, admittedly, all of it is relatively weak,” Chief Revenue ...

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• 11 November

  Biden brushes off Trump’s effort to undermine election

  

  Bloomberg President-elect Joe Biden shrugged off Donald Trump’s effort to challenge the election results, forging ahead with transition planning even as the president pursues a multi-state legal fight backed by Republican allies and the Justice Department. Trump’s campaign said it would file a federal lawsuit in Michigan that seeks to stop the state’s top election official from certifying Biden’s win. ...

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