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Bloomberg Iceland will get a new airline next month as startup Play Air seeks to capitalise on the North Atlantic island’s recovery from the coronavirus crisis and inclusion on the UK’s green list for quarantine-free travel. The launch of flights to seven European cities from June 24 comes almost two years after Play was first conceived as a successor to …

Bloomberg Authentic Brands Group LLC, the owner of brands such as Brooks Brothers, Juicy Couture and Forever 21, is exploring going public as soon as this year, according to people with knowledge of the matter. The New York-based company has held discussions with potential advisers about an initial public offering, the people said, asking not to be identified because the …

Bloomberg Amazon.com Inc was expected to announce an acquisition of the Metro-Goldwyn-Mayer (MGM) movie studio on Tuesday, according to a person familiar with the matter, marking the e-commerce giant’s biggest push yet into Hollywood. Amazon is in talks to pay almost $9 billion for the business, said the person, who asked not to be identified because the deliberations are private. …

Bloomberg It began with a group of scientists and a wild idea: That the byproduct remaining after making oat bran could be turned into non-dairy milk. That idea became the foundation of Oatly Group AB, the Swedish oat milk company that debuted in New York after raising $1.4 billion in an IPO. The share sale cements the fortunes of one …

Bloomberg Sales of previously owned US homes dropped unexpectedly in April for a third straight month as an inventory crunch pushed up prices by the most on record and restrained purchases. Contract closings decreased 2.7% from the prior month to an annualised 5.85 million, the slowest pace since June, according to data from the National Association of Realtors. The median …

Bloomberg China’s equity benchmark rallied by the most since July as investors piled into stocks amid attempts by policymakers to contain commodity prices. The yuan also advanced to its strongest since 2018. The CSI 300 Index closed 3.2% higher at its strongest since early March, driven by gains in consumer staples equities. The surge came as overseas investors net purchased …

Bloomberg US equity futures rose Tuesday along with European stocks after Federal Reserve officials played down the risk of persistent inflation. A gauge of dollar strength against a basket of peers headed for the lowest level since January. The Stoxx Europe 600 index was on track for a fresh record high, with technology stocks boosted by results from Aveva Group …

AMMAN / WAM The Emirates Red Crescent (ERC) has launched the first phase of vaccination programme for Syrian refugees in the Jordanian camps to help the country confronts the coronavirus pandemic. The programme aims to vaccinate 12,000 refugees in the Emirati-Jordanian camp of Mrajeeb Al Fhood and camps of Zaatari, Al Azraq and Al Hadiqa with the Sinopharm vaccine. The …

RIYADH / WAM Gulf Cooperation Council (GCC) Secretary-General Dr Nayef Falah Mubarak Al-Hajraf welcomed on Monday the announcement of HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, that the UAE has offered to host the 28th session of the Conference of the Parties (COP 28) to the United Nations Framework Convention (UNFCCC) in Abu …

Bloomberg Talen Energy Corp, a debt-laden power producer operating in the US Northeast and Texas, unveiled a sweeping plan to focus more on clean energy and expand into crypto mining. Its bondholders aren’t sold. The Woodlands, Texas-based company pitched prospective investors on the strategy, which would require it to raise as much as $800 million in new equity to fund …