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Bloomberg LG Chem Ltd is voluntarily recalling some models of its home energy storage batteries in the US over concerns they could overheat and start fires. The South Korean industrial giant is working with the US Consumer Product Safety Commission on the recall after the company received reports of five fires with its battery systems that caused limited property damage …

Bloomberg Boeing Co is studying an equity sale and other ways to ease a debt burden that has soared to $61 billion this year amid the worst slump in aviation history. Adding to the financial stress, Boeing will trim output of its 787 Dreamliner to five planes a month by mid-2021, one less than previously planned, Chief Financial Officer Greg …

Bloomberg Singapore Airlines will prioritise freight capacity to ship Covid-19 vaccines and will conduct test flights soon to trial the process, the Straits Times reported, citing a company statement and an executive’s comments Cargo space will be made available to prioritise the vaccine shipments across key trade lanes, the report said. Boeing Co 747-400 freighters, as well as passenger aircraft, …

Bloomberg A new airline is preparing to start flights in South Africa next week, entering the industry at a time when carriers near and far are going bankrupt amid the worst crisis in aviation history. Lift, owned by Johannesburg-based leasing company Global Airways, will operate three Airbus SE A320 jets and look to tap returning domestic demand after an almost …

Bloomberg UK retail landlords are facing a hard reality: the rapid approval of a vaccine has come too late for thousands of their stores. The collapse of department store chain Debenhams Plc and Philip Green’s Arcadia Group this week caps an unremittingly brutal year for the owners of brick and mortar stores. The demise of these retailers alone threatens 16.6 …

Bloomberg American Airlines Group Inc is seeing a slowdown in demand because of surging coronavirus cases, signalling a weaker outlook heading into the year-end holidays. After a strong start for the fourth quarter, a deceleration in net bookings growth began before Thanksgiving and has persisted into this month, American said in a regulatory filing. As a result, the company expects …

Bloomberg The UK moved to exempt “high-value” executives from rules requiring people entering the country to quarantine for two weeks, in a move designed to boost business. The rule change means that from 4 am on Saturday, business people arriving in the UK from countries that aren’t on the UK’s travel corridors list won’t have to self-isolate for 14 days, …

Bloomberg Europe should extend its de-facto ban on bank dividends by six months, a top official at the European Central Bank’s (ECB) supervisory arm said, casting a shadow over investors’ hopes for a return to payouts early next year. The comments come as big banks across Europe are facing fraught times, with regulators at the ECB and the Bank of …

Bloomberg Goldman Sachs Group Inc opened a Luxembourg-based entity to service rich individuals based in the European Union, the latest in the Wall Street bank’s series of moves to avoid Brexit disruption. The Luxembourg branch of subsidiary Goldman Sachs Bank Europe SE opened last month, according to regulatory records. It will be used for some of Goldman’s European private wealth …

Bloomberg India’s central bank pledged to keep its easy money policy for as long as necessary to support the virus-battered economy, while for now leaving borrowing costs unchanged amid stubborn inflation. The Reserve Bank of India (RBI) will use a variety of tools to ensure easy financing conditions and market stability, Governor Shaktikanta Das said after a meeting of the …