Tuesday , 16 December 2025

Walmart expands its vaccination effort in US

Bloomberg Walmart Inc plans to offer Covid-19 vaccines in at least seven additional states in the coming days, significantly expanding the availability of shots as the US grapples with a slower-than-expected rollout. The world’s largest retailer, which had already been providing inoculations to eligible people in New Mexico and Arkansas, will broaden the effort to select stores in Georgia, Indiana, …

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KLM to slash 1,000 more jobs

Bloomberg Air France-KLM’s Dutch arm is cutting as many as 1,000 jobs on top of 5,000 shed last year in a sign the resurgence of Covid-19 cases in Europe is pushing airlines to take more drastic measures to survive the pandemic. The workforce needs to be reduced because a recovery in air travel is taking longer than initially expected, KLM …

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Norwegian wins state backing for slimmer survival plan

Bloomberg Norwegian Air Shuttle ASA won state backing for its slimmed-down restructuring plan, boosting the bankrupt carrier’s bid to attract new investors and exit insolvency proceedings. The Norwegian government said that it will participate in a hybrid loan for the airline, provided enough outside capital is raised and the restructuring plan receives court approval. The expression of support comes a …

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United sinks over travel rebound uncertainties

Bloomberg United Airlines Holdings Inc sank after failing to forecast when a demand rebound would improve results, about a week after Delta Air Lines Inc. said a profit was in reach by the third quarter. This year will serve as a “transition” after the collapse in travel demand because of the coronavirus pandemic, United said as it reported fourth-quarter earnings. …

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UK retail sales less than expected in Dec

Bloomberg UK retail sales rose less than expected in December, adding to evidence that a succession of Covid-19 lockdowns is dragging down the economy. Sales in shops and online increased 0.3% after declining in November, the Office for National Statistics (ONS) said. That’s a percentage point less than economists had expected. From a year earlier, sales rose 2.9%. The report …

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New-home sales in London slump as virus curbs deter investors

Bloomberg New-home sales in London are plummeting as lockdowns hurt demand and investors hold back from building apartments. Sales of newly built homes totaled 4,190 in the fourth quarter, down 27% from a year earlier, according to preliminary data compiled by researcher Molior London. The figures are based on transactions at developments with at least 20 units, which are predominantly …

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Tencent seeks video breakthrough after $240bn Lite app hit

Bloomberg WeChat creator Allen Zhang is counting on a breakthrough in video to thwart TikTok owner ByteDance Ltd., building on the success of his last big overhaul of the all-in-one messaging app. Zhang, celebrated in China for inventing Tencent Holdings Ltd.’s signature creation, has toyed for years with ways to keep and expand WeChat’s industry lead, particularly as upstarts like …

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AT&T holds talks to sell DirecTV stake to TPG

Bloomberg AT&T Inc. is holding exclusive talks to sell a significant stake in DirecTV to private equity firm TPG, the latest stage of a months-long push to unload at least part of the struggling pay-TV business. A potential deal is weeks away, and the talks could still fall apart, said the person, who asked not to be identified because the …

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Microsoft boosts price of Xbox Live Gold

Bloomberg Microsoft Corp. is raising the price for subscriptions to Xbox Live Gold, its paid online gaming platform, doubling the cost for an annual pass and prompting swift outrage from users. The price bump brings the cost of a six-month subscription to $60. Last year, Microsoft removed the option for a full-year subscription at that price from the online store. …

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Tesla claims engineer stole secrets just days into the job

Bloomberg A former Tesla Inc. software engineer was ordered to appear before a judge to face allegations that three days into his job, he started stealing confidential files and transferring them to a personal storage account. During his two-week employment, Alex Khatilov stole more than 6,000 scripts, or files of code, that automate a broad range of business functions, Tesla …

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