Year: 2020

Britain’s easyJet urged the government to only keep quarantine requirements for a short period, while Heathrow Airport called for a plan to re-open borders, as new travel rules sent shockwaves through an industry already on its knees. British Prime Minister Boris Johnson said on Sunday that a quarantine would soon be needed for people coming into this country by air to prevent a second peak of the coronavirus pandemic. The new rules, which airlines have been told will be a 14-day quarantine period for most people arriving from abroad, are likely to deter people from travelling. …read more […]

May.11 — Germany and the European Union are escalating a legal power struggle that could undermine the euro. On Sunday, European Commission President Ursula von der Leyen said the EU’s executive arm will consider possible next steps, including so-called infringement proceedings, after a critical ruling on European Central Bank policy by Germany’s constitutional court. Karin Matussek reports on “Bloomberg Markets: European Open.” …read more […]

May.11 — Germany and the European Union are escalating a legal power struggle that could undermine the euro. On Sunday, European Commission President Ursula von der Leyen said the EU’s executive arm will consider possible next steps, including so-called infringement proceedings, after a critical ruling on European Central Bank policy by Germany’s constitutional court. Karin Matussek reports on “Bloomberg Markets: European Open.” …read more […]

May.11 — Karen Harris, global head of macro research at Bain & Co., talks about the re-opening of various economies, markets and industries amid the coronavirus outbreak, and how the world would look after the crisis is over. She speaks with Haslinda Amin and Rishaad Salamat on “Bloomberg Markets: Asia.” …read more […]

May.11 — Saudi Arabia announced a slew of austerity measures to cope with the impact of the coronavirus pandemic and an oil-price rout, tripling its value-added tax and cutting a cost-of-living allowance for government workers. Riad Hamade reports on “Bloomberg Daybreak: Europe.” …read more […]

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(Bloomberg) — The great oil glut of 2020 may have already peaked in the world’s biggest crude importer.Crude inventories in China have shrunk in recent weeks after rising to record levels, according to analysts and satellite observations. Supplies have been drawn out of storage as refineries ramp up operations to meet rising demand from an economy emerging from lockdown.Inventories drawing in the world’s biggest importer is an early sign that rebalancing may have begun in the global oil market after an epic collapse in demand, according to Morgan Stanley. Stockpiles dwindled even as oil imports in April increased from the …read more […]