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Bloomberg The International Energy Agency (IEA) lowered forecasts for global oil demand as renewed lockdowns to contain the pandemic temper the recovery expected this year. “The global vaccine roll-out is putting fundamentals on a stronger trajectory for the year, with both supply and demand shifting back into growth,” the agency said in a monthly report. “But it will take more ...

Bloomberg Europe’s aviation safety regulator is poised to clear the Boeing Co 737 Max for a return to service in the region, marking a major step in the jet’s global comeback from two deadly crashes. The final airworthiness directive will be issued next week, spelling out required changes and added pilot training requirements, European Union Aviation Safety Agency Executive Director ...

Bloomberg Air Lease Corp is considering reinstating some previously canceled Boeing Co 737 Max orders, though not until more regulators clear the jet’s return, Chairman Steven Udvar-Hazy said. Los Angeles-based Air Lease, one of the world’s largest aircraft leasing firms, had committed to 195 Max purchases as of year-end 2019, including orders, options and planes already delivered. Then came the ...

Bloomberg Billionaire Richard Branson’s orbital-rocket system put its first satellites into space, after a previous attempt failed in May. Virgin Orbit said a Boeing Co 747 named Cosmic Girl took off from California carrying the company’s LauncherOne rocket, which was then released and ignited before successfully reaching orbit. It then deployed its payload: nine miniature satellites known as CubeSats developed ...

Bloomberg Amazon.com Inc workers at an Alabama warehouse will vote by mail in February and March on whether to form a union, the National Labor Relations Board (NLRB) said, setting a date for a closely watched referendum on the relationship between the largest online retailer and the employees who pack and ship its products. A group of about 6,000 frontline ...

Bloomberg Poshmark Inc, the online marketplace for second-hand goods, rose 142% in its trading debut after raising $277 million in an initial public offering priced above the marketed range. Shares closed at $101.50 in New York trading, valuing the Redwood City, California-based company at about $8.5 billion on a fully diluted basis including options and restricted stock units. The company ...

Bloomberg The beginning of a new year is always a good time to rethink your travel rewards strategy—but never more so than 2021. With the travel industry experiencing continued disruption from the coronavirus pandemic and hamstrung vaccine rollouts threatening to extend border closures even longer than expected, airlines and hotels are offering unprecedented deals to secure business (and loyalty) in ...

Bloomberg Birkenstock, the German company behind the iconic sandals worn by hippies and preppies alike, is in talks to be taken over by CVC Capital Partners, according to people familiar with the matter. The private equity firm is in advanced negotiations with the family owners of the nearly 250-year-old brand, according to the people, who asked not to be identified ...

Bloomberg Hong Kong stocks closed at the highest level since May 2019 as mainland investors continue a record spending spree in the city. The benchmark Hang Seng Index rises 2.7% Tuesday, soaring past last year’s peak as stock turnover in the city rose to a record $38.9 billion. A rally since late December has been powered by Chinese investors, who ...

Bloomberg Global markets climbed ahead of a speech by Treasury Secretary nominee Janet Yellen in which she’s expected to call for expansive government action to bolster the US economy. The advance was broad across equities, with futures on the Russell 2000 Index of small-cap companies registering strong gains. Banks led the advance in Europe’s Stoxx 600 Index. Ten-year Treasury yields ...