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Bloomberg Traditional hedge funds, pensions and endowments are boosting cryptocurrency holdings, according to the biggest Bitcoin trust provider. Grayscale Investments, which lets accredited investors own Bitcoin and other coins via its funds, said it took in $608 million last year, surpassing the total amount raised the previous six years. The majority of the inflows — about 71% — came from …

Bloomberg The long-awaited trade agreement between the US and China may pave the way for Boeing Co to resume sales to the world’s second-largest aviation market, but the American giant has much catching up to do against European archrival Airbus SA. China Aviation Supplies Holding Co, which buys planes on behalf of the nation’s airlines, has been in talks with …

Bloomberg The UK government is considering subsidising some routes operated by regional airline Flybe as part of the rescue deal struck with the owners of the country’s biggest domestic carrier, according to a person with knowledge of the matter. Any decision to grant Flybe routes so-called public service obligation status would come on top of a deferral of air passenger …

Bloomberg Ethiopia plans to start building Africa’s largest airport at $5 billion within six months and continue the ascendancy of its national carrier, the most profitable on the continent. The new airport, 70 kilometres from the existing Bole International Airport in the capital Addis Ababa, will be able to handle as many as 100 million passengers yearly, Ethiopian Airlines Chief …

Bloomberg Air India Ltd is trying to make itself more attractive to potential bidders by deploying a greater number of high-end seats for the lucrative London market and adding new flights by repairing grounded aircraft. The carrier started using Boeing Co 777 jets for flights to London from New Delhi, replacing the smaller 787 Dreamliner that now flies three times …

Bloomberg Gap Inc, the apparel retailer that’s searching for a new chief executive officer, said it will no longer seek to establish Old Navy as a standalone company. The plan, announced under previous CEO Art Peck, was to spin off Old Navy on the premise that its fast growth wasn’t being reflected in Gap’s stock price. However, Old Navy’s performance …

Bloomberg Amazon.com Inc is planning to create terminals which would allow customers to make payments in-store with a wave of the hand, Dow Jones reports citing people familiar with the matter. The company plans to pitch the terminals to coffee shops, fast-food restaurants and other merchants and has recently began working with Visa Inc, according to the report. Amazon is …

Bloomberg Libyan commander Khalifa Haftar blocked oil exports at ports under his control, slashing output by more than half and posing a potential setback for an international conference on Sunday that aims to broker an end to a civil war in the Opec nation. As a result of the blockage of ports in the central and eastern parts of the …

Bloomberg Chinese manufacturers offered the biggest support to the country’s economic stabilisation in the last three months of 2019, thanks to easing trade tensions and improving global demand. Output in industrial enterprises rose 5.9% from same period in 2018, National Bureau of Statistics said on Saturday, bouncing back from an almost decade-low of 5% in the prior quarter. Manufacturers, accounting …

Bloomberg The Federal Reserve is shifting its focus from writing and revising rules aimed at limiting risk in the banking system to a concentration on how lenders interpret the restrictions, the agency’s supervision chief said. Having finished the bulk of its work on major rules, the Fed can now devote more attention to behind-the-scenes interactions between bankers and their government …