Bloomberg US Secretary of Defense Lloyd Austin urged China to avoid “destabilizing actions†toward Taiwan in his first face-to-face meeting with Defense Minister Wei Fenghe since House Speaker Nancy Pelosi’s visit to Taipei in August. In talks Tuesday in Siem Reap, Cambodia, the Pentagon chief also called for the two sides to maintain open lines of communication and warned of ...
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US, Russia urge Turkey to de-escalate fighting in northern Syria
Bloomberg The US and Russia urged Turkey to avoid escalating violence in northern Syria as Turkey’s leader vowed a fresh incursion against Kurdish militants that could threaten existing cease-fire agreements. Turkey over the weekend started an aerial attack on the Kurdish militia it holds responsible for a deadly bomb attack in Istanbul last week. The army may also launch a ...
Read More »Key Malaysia bloc won’t join rivals to form new government
Bloomberg The search for Malaysia’s next leader hit a snag when former ruling coalition Barisan Nasional said it will stay out of any new government and become part of the opposition instead, prolonging the uncertainty after the weekend’s inconclusive vote. The move deprives both Anwar Ibrahim’s reformist group and ex-premier Muhyiddin Yassin’s pro-Malay alliance the support they require to form ...
Read More »Airlines push for lone pilot flights despite safety fears
Bloomberg Airlines and regulators are pushing to have just one pilot in the cockpit of passenger jets instead of two. It would lower costs and ease pressure from crew shortages, but placing such responsibility on a single person at the controls is unsettling for some. Over 40 countries including Germany, the UK and New Zealand have asked the United Nations ...
Read More »Singapore Airlines to add flights to Asia
Bloomberg Singapore Airlines Ltd. will add flights to East and Southeast Asia from early next year and trim some US services as it tweaks routes and plane allocations to get a head start over rivals as nations ease travel restrictions. The city-state’s flag carrier will resume flights to Busan in South Korea and increase services on Airbus SE A380 ...
Read More »Finnair plans to cut a quarter of its cabin-crew posts in Finland
Bloomberg Finnair Oyj revealed plans to eliminate about a quarter of its cabin-crew posts in Finland after the closure of Russian airspace upended a business model based on flights to Asia, forcing the firm into steep cost cuts. Finland’s state-controlled carrier is looking to scrap as many as 450 of its 1,750 flight-attendant post there and extend the outsourcing ...
Read More »Tata to merge carriers under Air India, nix Vistara brand
Bloomberg Tata Group is considering a plan to integrate its four airline brands under Air India Ltd., people with knowledge of the matter said, as the sprawling company prepares to rebuild its faltering aviation empire. India’s largest conglomerate is also considering scrapping the Vistara brand, which is Singapore Airlines Ltd.’s local affiliate in the South Asian nation, the people ...
Read More »P&G fined $34,000 over worker death
Bloomberg Procter & Gamble Co. (P&G) was fined more than $34,000 following an employee’s death at a North Carolina facility. A 49-year-old worker at a plant in Greensboro died in May after being struck by a stainless steel tote. The state’s Department of Labour cited the company over three alleged serious violations of North Carolina occupational safety laws over ...
Read More »Xi’s common prosperity roars back in JD executive pay cuts
Bloomberg JD.com Inc. is slashing salaries for about 2,000 managers by 10% to 20% and diverting some of those savings toward a $1.4 billion employee benefits fund, aligning China’s No. 2 online retailer with Xi Jinping’s “common prosperity†campaign to share the wealth. Billionaire JD.com founder Richard Liu will donate 100 million yuan ($14 million) of his own money toward ...
Read More »Paytm dips on risk from Ambani financial foray
Bloomberg Shares of One 97 Communications Ltd., the parent of India’s leading digital payments brand Paytm, plunged to a record low on Tuesday after Macquarie Group Ltd. analysts flagged risks from billionaire Mukesh Ambani’s foray into the financial services business. Reliance Industries Ltd.’s Jio Financial Services Ltd. “can pose a significant growth and market-share risk†for players such as ...
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