Bloomberg India is seeking payment for the losses caused by climate disasters, its environment ministry said while laying out the country’s positions on critical issues that will be negotiated at the United Nations’ COP26 climate summit in the coming weeks. “Our ask is this: there should be a compensation for expenses incurred, and it should be borne by developed nations,” ...

Bloomberg South Korean conglomerate SK Group plans to reduce carbon emissions by 200 million tons by 2030, as it increases investments in green technologies. The company will initially cut 50 million tons of emissions through enhancing efficiency in its processes and purchasing renewable energy, Chairman Chey Tae-won was quoted as saying in a statement. SK will also invest more than ...

Bloomberg Two key groups of Latam Airlines Group SA creditors, frustrated by a bankruptcy process that has dragged on for almost 18 months, are asking for a mediator to help devise an exit plan for the Chilean carrier. The airline’s unsecured creditors and a consortium holding billions of dollars in claims complained about the lack of progress and asked the ...

Bloomberg Ryanair Holdings Plc was sued by a package holiday service over accusations that the airline is exploiting its market dominance in an “aggressive” pursuit against online travel agents. On the Beach Group Plc accused the budget airline of monopolising the market for booking services and not giving customers a “free and fair choice,” according to a London court filing. ...

Bloomberg Qantas Airways Ltd is gearing up for a Christmas rush, bringing back all its Australian workers and adding flights as the nation’s borders reopen after more than 18 months of near-isolation. The airline will start its first commercial flights between Australia and India in almost a decade before Christmas, and flights to Singapore, Bangkok, Fiji, Phuket and Johannesburg will ...

Bloomberg Southwest Airlines Co trimmed its flight schedule for the second time since August, cutting back on fourth-quarter flying as it struggles to hire enough workers and recover from customer anger over widespread delays. Fourth-quarter capacity will decline 8% from pre-pandemic levels in 2019, compared with a prior plan for a 5% drop, the Dallas-based carrier said as it released ...

Bloomberg Walmart Inc is about to start calling its corporate staff back to the office after more than a year and a half of remote work during the coronavirus pandemic. “We will transition to working together in our campus offices on a more regular basis starting the week of November 8,” Chief People Officer Donna Morris said in a statement. ...

Bloomberg SkyWest Inc, the largest US regional airline, suffered “an internal technical issue” that forced 1,200 flight cancellations as jets and crews that were in the wrong places caused operational woes for a second day. A “server outage” caused the problems but was resolved, SkyWest spokesperson Marissa Snow said in an emailed statement. The airline expected around 500 cancelled flights, ...

Bloomberg Citigroup Inc became the first Wall Street bank to agree to do a deep dive into its business to see if, and how, it contributes to racial discrimination. The audit will be conducted by attorneys at Covington & Burling LLP, Citigroup said on its website. The bank said the audit will focus on its 2020 commitment to dedicate $1 ...

Bloomberg Bank of Russia may have stunned bond and currency markets with the size of its rate hike, but entrenched inflation means traders shouldn’t assume the hawks are done. “It’s too early to say the tightening cycle is over,” Governor Elvira Nabiullina told a press conference after lifting the main rate 75 basis points to 7.5%, the sixth straight hike ...