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Britain’s two biggest airlines said they remain optimistic that European travel markets will revive this summer even as vaccination campaigns stutter and plans to reopen borders are in limbo.
Air Canada said it reached a deal with the Canadian government for loans and equity worth nearly C$5.9 billion ($4.7 billion), part of a package that will see the airline restore many routes it canceled because of the pandemic.
Indonesia to Waive VAT on New Homes to Spur Property Sales Bloomberg 3/1/2021 Grace Sihombing and Arys Aditya © Bloomberg Workers labor in front of residential buildings in the Bumi Serpong Damai (BSD) City area of Tangerang, Banten, Indonesia, on Saturday, Aug. 11, 2018. As Wednesday's policy decision approaches, Bank Indonesia finds itself under pressure to raise the benchmark rate again even after increasing it by a combined 100 basis points since mid-May to stem a slide in the currency. (Bloomberg) -- Indonesia will waive value-added taxes on new home sales, its lates...
Texas Deep Freeze Could Cost $90 Billion in Losses, Modeler Says Bloomberg 2/24/2021 Brian K. Sullivan © Bloomberg Workers repair a power line in Austin, Texas, U.S., on Thursday, Feb. 18, 2021. Texas is restricting the flow of natural gas across state lines in an extraordinary move that some are calling a violation of the U.S. Constitution’s commerce clause. (Bloomberg) -- Texas’s deep freeze and power outages last week could cost as much as $90 billion in losses, and most of it could have been avoided, according to Enki Research disaster modeler Chuck Watson. Popula...
The chair of Texas’s power grid operator and four other board members have resigned in the wake of the energy crisis that crippled the state’s electrical system.