If ever there was a time for the best and brightest to make policy, the epic struggle underway against inflation might be a good one. Yet Australia’s central bank is shackled to an anachronistic personnel selection that has left it hostage to an era when little scrutiny was expected — or demanded. Some change is almost certainly coming, but ...

  The UK is taking on a tough target in challenging Microsoft Corp’s $69 billion acquisition of video-game publisher Activision Blizzard Inc. While US and European regulators have yet to opine on the transaction, competition watchdogs are generally becoming more interventionist — especially in the case of tech giants. This deal offers a possible high-profile scalp. Enter the UK Competition ...

  Bloomberg The head of Air Canada says the carrier will be able to offer zero-emission electric flights to customers in Canada as soon as 2028. The airline said it will purchase 30 ES-30 electric-hybrid aircraft for an undisclosed amount. The planes, which are being developed by Sweden-based Heart Aerospace AB, are “much more cost efficient” and could help the ...

  Bloomberg Distressed airline PT Garuda Indonesia may stop selling first class tickets as it focuses on flying local. The state-owned carrier will concentrate on business, premium economy and economy seats because it is more suitable for the market, State Enterprises Minister Erick Thohir said. He reiterated that Garuda will stop most international routes to cut costs, except for a ...

Bloomberg UK retail sales fell at the sharpest pace in eight months in August as a worsening cost-of-living crisis and plunging confidence forced consumers to cut back on spending. The 1.6% drop was more than three times the decline predicted by economists and reflects the squeeze on households from soaring energy bills and inflation near a 40-year high. All retail ...

Bloomberg SAS AB Chief Executive Officer Anko van der Werff said he’s confident the Scandinavian airline will emerge successfully from a Chapter 11 restructuring after winning clearance for a $700 million financing package and seeing a rebound in its own performance. Approval for the Apollo Global Management funding from a US bankruptcy judge is “the biggest and most important news” ...

  Bloomberg British Airways will scrap 100 flights from its London Heathrow base on Monday and re-time others as the airport, airlines and air traffic controllers work to minimise noise during Queen Elizabeth II’s state funeral. About 15% of Heathrow’s schedule will be altered, according to the hub, with flights halted for various durations through the day. There will be ...

  Bloomberg Schiphol Airport’s Dick Benschop is stepping down as chief executive of the Dutch hub as the airport continues to struggle with long lines and flight cancellations caused by a staffing shortage. Benschop informed Royal Schiphol Group NV’s supervisory board on Wednesday that he is resigning from his role as president-director and chief executive. Benschop will stay on in ...

Bloomberg Even as Vladimir Putin admitted that Xi Jinping had concerns about the war in Ukraine, the Russian leader’s comments on Taiwan may ultimately matter more to his Chinese counterpart. During their first in-person talks since the Ukraine war began, Putin on Thursday blasted what he called “provocations by the US and its satellites in the Taiwan Strait,” while reiterating ...

Bloomberg South Korean President Yoon Suk Yeol told Li Zhanshu, China’s top legislator, that he doesn’t want a US-made missile shield deployed by Seoul to become “an obstacle to relations” after Beijing slammed its use. The talks on Friday in Seoul with China’s National People’s Congress chairman took place after Yoon floated expanding the system known as Thaad — Terminal ...