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There’s an old joke about a traveller asking for directions on a country road. “If I was going there,” the local guide eventually concludes, “I wouldn’t start from here.” That’s the situation President Joe Biden was expected to face in working out how to re-establish a dialogue on trade with China’s President Xi Jinping in their virtual summit. If you ...

It’s not often you hear someone brag about buying coffee with “money” — unless you’re moving among Bitcoin circles. Being able to use the cryptocurrency at chains like Starbucks Corp and Pizza Hut is being touted as a payments revolution by the looks of various selfies and videos coming out of El Salvador. President Nayib Bukele established Bitcoin as legal ...

That’s another old chestnut ticked off global business’s to-do list. After General Electric Co and Johnson & Johnson decided to break themselves up, oil major Royal Dutch Shell Plc is also taking an obvious long-standing idea from the shelf and turning it into action. Plans to scrap its Anglo-Dutch structure to coalesce around a UK domicile underscore the tremendous pressure ...

Bloomberg Saudi Arabian Airlines is contemplating an aircraft order from Airbus SE or Boeing Co that could total well above 100 jets as part of a push to lure more tourists. The carrier is targeting a fleet of 250 aircraft by 2030, adding around 100 for growth while renewing a significant chunk of an existing 150-plane fleet, Chief Executive Officer ...

Bloomberg Singapore Airlines Ltd will start flying freshly fitted Boeing Co 737 Max jets to countries including Malaysia, Indonesia and Thailand in the coming weeks, the company said on Tuesday. The carrier is absorbing six of the 154-seat narrow-body planes into its fleet with the integration of its SilkAir unit. Another is expected to enter service before March, and then ...

Bloomberg Hong Kong will consider imposing tighter restrictions on aircrew, Chief Executive Carrie Lam said, as the city prioritises its Covid-Zero policy in a bid to reopen the border with mainland China. Hong Kong flight crew already face some of the most onerous restrictions in the world, with Cathay Pacific Airways Ltd just saying any crew members who stayed in ...

Bloomberg Daily Harvest, a company that specialises in frozen-food products, including ready-to-blend smoothies, is valued at $1.1 billion after its latest round of funding, said founder and Chief Executive Officer Rachel Drori. The New York-based startup reached so-called unicorn status by raising $77 million in an equity-funding round led by Lone Pine Capital LLC that included participation from Lightspeed Venture ...

Bloomberg Kering SA named Matthieu Blazy to be the new creative director of Bottega Veneta, the Italian brand known for its woven leather bags. Blazy will assume the role immediately, Kering said in the statement. He previously had taken over as ready-to-wear design director for Bottega Veneta last year, and is scheduled to present his first collection for the brand ...

Bloomberg With expectations low heading into the first face-to-face summit between Joe Biden and Xi Jinping, they appeared to accomplish as much as politically possible: An agreement to keep on talking, without letting tensions over Taiwan and other disputes derail the US-China relationship. The virtual meeting lasted longer than expected, running for more than three hours as the leaders covered ...

Bloomberg China urged Germany’s next government to continue outgoing Chancellor Angela Merkel’s legacy to ensure the two countries work closely together, as prospective coalition partners in Berlin favor a tougher line towards the Asian giant. Zhang Ming, China’s ambassador to the European Union (EU), noted during a European Policy Center event on Tuesday that next year will mark the 50th ...