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Bloomberg Delta Air Lines Inc’s Chief Executive Officer Ed Bastian reiterated the carrier’s aim to achieve positive cash flow by the spring as it plans for a “year of recovery.” He warned that travel demand will remain “deeply depressed” initially, with the company’s focus on health and safety for passengers. A “significant” resumption of travel, particularly for business, will come ...

Bloomberg Hong Kong’s retail environment showed further signs of improvement in November, although the recovery may have been short-lived as the city was hit with a fresh wave of virus infections and imposed new restrictions late in the month. The provisional value of total retail sales in November 2020 was HK$28.7 billion ($3.7 billion), down by 4% compared with the ...

Bloomberg The holiday blessing that Tiffany & Co shareholders gave to sell the storied jeweller to LVMH pushes the contentious transaction closer to the finish line, giving billionaire Bernard Arnault the long-sought pathway to expand his global collection of luxury brands. Tiffany will be dropped from the Standard & Poor’s 500 Index now that the deal has been approved, S&P ...

Bloomberg The owner of bubble tea chain Nayuki, also known as Naixue’s Tea in Chinese, has completed a new funding round that values the company at nearly $2 billion, according to people familiar with the matter. Shenzhen Pindao Restaurant Management Co has raised more than $100 million in a series C funding round led by private equity firm PAG, said ...

Bloomberg IndiGo, India’s biggest airline, said some segments of its data servers were breached in a hacking incident in December, which may compromise some data. “There is a possibility that some internal documents may get uploaded by the hackers on public websites and platforms,” IndiGo said. “We realise the seriousness of the issue, and are continuing to engage with all ...

Bloomberg US lawmakers are receiving urgent security instructions in advance of potential violence in Washington tied to protests as Congress meets to certify Joe Biden as the next US president. The precautions to members of the House and Senate include guidance to use underground tunnels while traveling between chambers in the Capitol and to nearby office buildings during the day. ...

Bloomberg Battling a resurgence in violence including a campaign of targeted killings of journalists, Afghanistan’s government resumes peace talks with the Taliban on Tuesday, with efforts expected to be focused on securing a cease-fire agreement in the dying days of Donald Trump’s presidency. Since the intra-Afghan talks began in September in the Qatari capital of Doha, where the Taliban has ...

Bloomberg Chancellor of the Exchequer Rishi Sunak rolled out 4.6 billion pounds ($6.2 billion) of new support to help UK businesses forced to close during the pandemic, as the country enters its third lockdown. Retail, hospitality and leisure businesses will be entitled to one-off top up grants of as much as 9,000 pounds ($12,233) to tide them over until the ...

Bloomberg Not since the lead-up to the 2008 financial crisis has Denmark’s housing market faced a similar gap between supply and demand, according to the home finance unit of Nordea Bank Abp. The number of residential properties for sale has plunged to its lowest in over a decade, Nordea Kredit estimates, citing new figures compiled by the website boligsiden.dk. The ...

Bloomberg Tesla Inc. came close to meeting its 500,000 vehicle-deliveries goal for 2020, setting the stage for a new year in which it’s expanding in China and poised to open new factories in Texas and Germany. The electric-car maker said it handed over 180,570 vehicles in the year’s final three months, the most for any quarter but just 450 vehicles ...