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Bloomberg The cost of air tickets between two major Asian financial hubs jumped within 24 hours of Singapore and Hong Kong unveiling plans for a travel bubble that wouldn’t require people to quarantine upon arrival. The cheapest price for a Singapore Airlines Ltd return economy seat to Hong Kong was S$558 ($410) up until the end of December, versus around ...

Bloomberg A rare mega deal by a Chinese airline is set to revive the country’s convertible bond market, after volatile trading dried up issuance of the popular securities. China Southern Airlines Co opened subscriptions for 16 billion yuan ($2.4 billion) of its convertible bonds, the largest deal for a non-financial firm since China Petroleum & Chemical Corp sold 23 billion ...

Bloomberg Ryanair Holdings Plc slashed its schedule and cut back its presence in several countries, blaming tighter travel restrictions that have hammered demand in Europe. The shares fell after the Irish discount carrier said it will operate at about 40% of its 2019 winter capacity, down from a previous plan to run at 60%. Ryanair will reduce the number of ...

Bloomberg A panel of creditors to Jet Airways India approved a resolution plan for the bankrupt airline, bringing a 16-month long process to recover dues to lenders closer to completion. Jet Airways’ lenders accepted the plans submitted by Murari Lal Jalan and Florian Fritsch, the carrier said. The airline didn’t provide any further details on the bidders or their proposal. ...

Bloomberg A plan to sell bankrupt JC Penney Co’s retail operations to its two biggest landlords stalled, raising the prospect that creditors will carry the burden of millions of dollars in extra costs as the retailer prepares for the crucial holiday season. Talks between JC Penney’s lenders and the would-be buyers, mall owners Simon Property Group and Brookfield Property Partners, ...

Bloomberg New Zealand Prime Minister Jacinda Ardern swept to a historic election victory and said she will use her mandate to rebuild an economy battered by the coronavirus pandemic and tackle social inequality. Ardern’s Labour Party secured the first outright majority in parliament since the introduction of proportional representation in 1996 and, if preliminary results stand, its biggest share of ...

Bloomberg At least 13 people were killed and more than 50 others were injured in a missile attack on Azerbaijan’s second-largest city of Ganca overnight, the authorities in Baku said. A residential building was shelled around 1 am, the Azerbaijani Prosecutor General’s Office said on its website. Search and rescue efforts continued after 13 bodies were pulled from the rubble ...

Bloomberg Protests against police brutality continued in major cities across Nigeria, with demands evolving beyond ending police excesses to calls for good governance across the board. Vigils were held in major cities overnight, as regional strains emerged, with youth protesters in several northern Nigerian towns demanding urgent steps to end insecurity and an insurgency that has plagued the region for ...

Bloomberg Thailand’s government called on police to intensify their crackdown on protesters following a night of clashes between officers and activists, with demonstrations planned for a fourth straight day. Thousands of anti-government protesters defied emergency rules and a ban on large gatherings as they held a rally at a busy intersection in central Bangkok after Prime Minister Prayuth Chan-Ocha rejected ...

Bloomberg India is identifying 300 million people who will receive the initial dose of a coronavirus vaccine, the Times of India newspaper reported on Saturday. Priority will be given to workers in high-risk sectors such as police, healthcare, sanitation, elderly people and those with co-morbidities, the report said, citing officials it didn’t identify. The shots, which will include a booster ...