HOUSING COMPANY HIT BY PANDEMIC

National Corporate Housing said on Tuesday that it had acquired the European and Asian agency business of BridgeStreet, which once promised to bring digital innovation to corporate housing. It filed for bankruptcy on November 25 and is liquidating its remaining assets in the U.S. and Britain. BridgeStreet, a 20-year-old company, was another victim of the coronavirus pandemic. SOURCE: Skift

ENTERPRISE GOES FOR LONGER RENTALS

Enterprise Rent-A-Car has enhanced its rental solutions for businesses needing vehicles for a month or longer with its new Long-Term Rentals programme. It enables businesses to rent cars and vans for longer periods efficiently, including based on vehicle emissions, and without any termination penalties. The enhanced service is available in the UK, Ireland, Germany, France and Spain following repeated national lockdowns in Europe. SOURCE: fleetnews.co.uk

EIB GETS IN ON THE SPACE ACT

Spire Global has raised 20 million euros ($24 million) from the European Investment Bank (EIB), part of a growing effort by European agencies to support space startups. The funding, announced Dec. 3 at the Web Summit conference, is a venture debt deal. Such arrangements are loans to companies that repay the debt with both interest and warrants for stock. Spire plans to use the funding to continue development of a satellite constellation that provides weather and tracking data, as well as new software applications. The funding will go through Spire’s office in Luxembourg. SOURCE: spacenews.com

HAPAG-LLOYD SEES BETTER DAYS AHEAD

German container liner Hapag-Lloyd expects transport volumes in the fourth quarter to pare sharp losses seen earlier this year as a demand recovery in Asia lifts seaborne shipments. Fourth quarter volumes should show a low single-digit gain year-on-year after they fell by 3.5% in the January-September period, Chief Executive Rolf Habben Jansen said at a virtual meeting with journalists late on Tuesday. SOURCE & FILE PHOTO: Hapag-Lloyd