June, 2020

• 4 June

  Amazon dives into weak aircraft market

  Bloomberg Amazon.com Inc is expanding its air cargo operations with plans to grow its fleet to more than 80 planes as the online retailer takes advantage of a depressed market for aircraft during the pandemic. The company announced that it had leased 12 converted Boeing 767-300 passenger planes from Air Transport Services Group Inc. One was added to Amazon’s existing ...

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• 4 June

  Spain requests probe into all cancelled airline trips

  Bloomberg The Spanish government has found that airlines aren’t complying with European Union rules for reimbursements over cancelled trips, according country’s Consumer Ministr Alberto Garzon. “Airlines aren’t giving travelers the chance to request reimbursements,” Garzon said in an interview with state-tv TVE. Government has made a legal request for a “court to investigate the situation,” he said, adding that he ...

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• 4 June

  Rolls-Royce plans 3,000 UK job cuts as aviation contracts

  

  Bloomberg Rolls-Royce Holdings Plc plans to eliminate 3,000 jobs in the UK this year, the first wave of cuts that could ultimately see the jet-engine maker emerge from the downturn a much smaller business. The London-based manufacturer said it expects to trim a total of 8,000 positions from the aviation division. This would make up the bulk of the 9,000 ...

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• 4 June

  Ex-defense chief Mattis rips into Trump for dividing US

  

  Bloomberg Ex-defense secretary Jim Mattis condemned his former boss, President Donald Trump, over his aggressive rhetoric and strategy to quell protests that erupted after the death of an unarmed black man in police custody. “Donald Trump is the first president in my lifetime who does not try to unite the American people — does not even pretend to try. Instead, ...

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• 4 June

  Storm Cristobal makes landfall on Mexico Gulf coast

  

  Bloomberg Tropical Storm Cristobal brought heavy rain to southern Mexico, and with a forecast that has it re-entering the Gulf of Mexico on Friday, oil-platform workers are already being evacuated. The storm, carrying winds as high as 40 miles (64 kilometres) per hour, will dump more “extreme rainfall” on far southern Mexico, extending to Guatemala and El Salvador, according to ...

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• 4 June

  China can’t take US’s security role in Southeast Asia: Lee

  

  Bloomberg The US security presence “remains vital to the Asia-Pacific region,” and China would be unable to take over that role in Southeast Asia even with its increasing military might, Singapore Prime Minister Lee Hsien Loong said. In an article published by Foreign Affairs on Thursday, Lee wrote that China’s competing maritime and territorial claims in the South China Sea ...

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• 4 June

  Japan to allow foreigners’ re-entry

  

  Bloomberg Japan will allow some resident foreigners to re-enter the country on humanitarian grounds after facing criticism its policies made their return uncertain and left the group in a Covid-19 travel limbo. A notice on the foreign ministry website says permission to land may be granted “depending on the individual situation if there are special exceptional circumstances, particularly such as ...

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• 4 June

  Philippine lawmakers pass anti-terror bill

  

  Bloomberg Philippine lawmakers have approved a bill allowing warrantless detention and wiretapping of suspected terrorists, which the country’s human rights commission says could curb expressions of dissent and other freedoms. The House of Representatives gave its final approval on the anti-terrorism bill, adopting the Senate’s version of the measure that’s been certified by President Rodrigo Duterte as urgent. Bills on ...

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• 4 June

  PBOC unveils $60b plan to aid small business credit

  

  Bloomberg China’s central bank said it will temporarily purchase loans made to small businesses from some local banks, a new policy to boost the supply of lending to the real economy. The plan will use 400 billion yuan ($56 billion) from a separate program to buy 40% of unsecured loans to small and medium-sized firms with maturities of at least ...

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• 4 June

  HSBC, StanChart defy UK to endorse HK security law

  

  Bloomberg The two British institutions that dominate Hong Kong’s banking system backed Beijing in the standoff over a proposed new security law, joining Jardine Matheson Holdings Ltd. and some of the city’s biggest developers in wading into the political minefield of the former colony’s future. HSBC Holdings Plc, born in the 19th century as the Hongkong and Shanghai Banking Corp., ...

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