Bloomberg Airlines flying to Mali, which has been placed under sanctions by West Africa’s regional economic bloc, must confirm whether they will continue to operate within 72 hours, or risk losing their landing slots. “After this deadline, their time slots will be handed to other airlines, in order to assure continued services,” Mali’s Transport Minister Madina Sissoko Dembele said ...

  Bloomberg US aviation regulators published the first aircraft-specific restriction related to new 5G service expected to begin next week, ordering operators of Boeing Co. 787 jets to update landing requirements. Equipment on the planes that could be subject to interference from 5G radio waves affects how the jet stops after touching down, the Federal Aviation Administration said in an ...

  Bloomberg Starbucks Corp. employees at three more restaurants in New York state will vote on unionization, a US labor official ruled, offering organizers a chance to expand a new labor foothold that’s already inspiring copycat efforts around the country. In her ruling, Nancy Wilson, an acting regional director of the National Labor Relations Board, rejected the company’s arguments against ...

  Bloomberg JPMorgan Chase & Co falls the most since 2020 after the company said compensation and other costs jumped in the fourth quarter ahead of an expected surge this year. Expenses in the last three months of 2021 rise 11% from a year earlier, and the firm said to expect them to rise to about $77 billion this year ...

  Bloomberg HDFC Bank Ltd.’s profit rises in the third quarter, beating estimates, helped by loan growth and improved asset quality as consumer demand picked up. Net income stood at INR 103.4 billion rupees ($1.4 billion) rupees for the quarter ending December compared with 87.6 billion rupees a year ago. That beat the average estimate of 101.4 billion rupees by ...

  Bloomberg Bank of Korea Governor Lee Ju-yeol signalled the likelihood of more interest rate increases to come following the hike, as the central bank clearly put inflation concerns ahead of uncertainties over Covid-19. Even though the key policy rate, now at 1.25%, is back at pre-pandemic levels, Lee said it was at an accommodative level, adding that another hike ...

  Bloomberg Citigroup Inc. agreed to sell consumer-banking businesses in Indonesia, Malaysia, Thailand and Vietnam to United Overseas Bank Ltd. (UOB) for about S$4.9 billion ($3.6 billion) as Chief Executive Officer Jane Fraser continues her push to simplify the New York-based bank. UOB will pay Citigroup a cash consideration for the net assets of the acquired businesses plus a premium ...

  Bloomberg The UK government has sold 170.4 million shares in NatWest Group Plc — worth about $580 million at current prices — since November, continuing to cut the majority stake it acquired during the financial crisis. The Treasury now owns a 51.98% stake in the lender formerly known as Royal Bank of Scotland, according to a filing. Its stake ...

  Bloomberg The top 1% at Goldman Sachs Group Inc. is set to receive a special one-time reward in addition to annual bonuses, recognizing the Wall Street titan’s roaring success through the pandemic. The unusual payments to partners — the roughly 400 executives who fill out the investment bank’s highest rung — will add millions of dollars to many compensation ...

  Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) raised its growth projections and unveiled record spending plans for 2022, signalling that the voracious demand for chips that has fuelled a months-long supply chain squeeze will persist for years. Apple Inc’s most important chipmaker is now projecting average sales growth of 15% to 20% annually — as much as double its previous ...