Covid-19: UK to scrap hotel quarantines for Southern Africa arrivals

  Bloomberg The UK will remove all 11 countries from its so-called Covid-19 red list, paving a way for the reopening of travel to South Africa and other countries just as the peak Christmas season gets underway. The travel bans and hotel quarantine requirements for people arriving from the nations, including Nigeria and Zimbabwe, will be scrapped, Health Secretary Sajid ...

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Orban to delay $5b Budapest Airport deal on budget deficit

  Bloomberg Hungary will delay the purchase of Budapest Airport because of a ballooning budget deficit, Prime Minister Viktor Orban said. The surprise announcement, delivered at a briefing, followed a warning by central bank Governor Gyorgy Matolcsy, who said last week that the size of the purchase threatened the country’s financial stability amid record spending before elections expected in April. ...

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Singapore Air picks Airbus freighters to renew cargo fleet

  Bloomberg Singapore Airlines Ltd signed a letter of intent with Airbus SE for seven A350 freighters with an option to take five more as the carrier phases out its aging cargo fleet. Delivery of the planes will start in the fourth quarter of 2025, Singapore Airlines said in a statement, without providing a dollar amount. The deal means the ...

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Nike acquires virtual sneaker maker

Bloomberg Nike Inc is acquiring a virtual collectibles company as it dives further into the metaverse. The sportswear giant agreed to buy RTFKT, a business founded in 2020 that creates digital products like sneakers and uses blockchain technology to ensure authenticity, according to a statement. Financial terms of the deal were not disclosed. “This acquisition is another step that accelerates ...

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Big EU states resist push for fast Russia sanctions over Ukraine

  Bloomberg Leading nations of the European Union (EU) are resisting a push to quickly draw up specific sanctions and other punishments to impose on Russia if it invades Ukraine, even as the Kremlin shows no sign of backing off a massive troop buildup near its neighbour. Germany, France, Italy and Spain want to focus now on talking to Moscow ...

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Johnson faces biggest Tory rebellion over UK new Covid measure

  Bloomberg Boris Johnson is being squeezed from both sides of the argument over how to tackle a “staggering” surge in Covid-19 omicron infections — and that could have dangerous implications for the UK. The prime minister suffered the biggest Conservative rebellion of his tenure, as 100 members of Parliament opposed his strategy for clamping down on the new coronavirus ...

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Dutch leader Rutte seals coalition deal

  Bloomberg Prime Minister Mark Rutte reached a coalition deal nearly nine months after the Dutch general election, marking the longest negotiations in the nation’s history. Rutte, who is expected to be named prime minister once again, presented the agreement between his Liberal party and three partners in the hall of the Dutch parliament building in The Hague. “It took ...

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Blinken cuts short Asia trip over Covid case

  Bloomberg US Secretary of State Antony Blinken scrapped the rest of his tour of Southeast Asia and will return to Washington after a member of the press travelling with him tested positive for Covid-19, State Department spokesman Ned Price said. Blinken and other senior staff have tested negative for Covid, Price said, and the person who tested positive didn’t ...

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Bank of America luring big spenders to its credit cards

  Bloomberg Bank of America Corp (BofA) is turning to private jets and exotic cars to compete with American Express Co and JPMorgan Chase & Co and lure big spenders to its credit cards. The Charlotte, North Carolina-based company revamped its rewards program and debuted a new $550-a-year metal credit card that offers extra points on travel and dining purchases ...

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Poland to step up rate hikes as inflation rises

  Bloomberg Poland is poised for a hefty increase in interest rates after a spike in inflation to a two-decade high convinced central bankers that spiralling price growth isn’t transitory. Since the Monetary Policy Council hiked the benchmark to 1.25% last month, all but two of its 10 members have suggested that they’re ready to act again. Of 32 economists ...

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