Bloomberg The Biden administration singled out a Russian ship for violating US prohibitions on constructing the Nord Stream 2 pipeline from Russia to Germany, clearing the way for a new round of sanctions as part of its effort to stop the nearly-completed project. In a report, the US cited the ship, the Fortuna, and its owner, KVT-RUS. The report also ...

Bloomberg Cathay Pacific Airways Ltd is taking extreme measures to cope with new rules that will require flight crew to quarantine in Hong Kong from Saturday, introducing a rotation policy that puts staff out of action for almost one month at a time after they’ve completed 21-day shifts. Crew who volunteer to take part in the airline’s so-called closed loop ...

Bloomberg The UK airline industry stepped up a campaign to persuade Prime Minister Boris Johnson that travel should be included in his plan to reopen the economy, calling for a clear road map to ease travel restrictions ahead of the crucial summer season. In a webinar organised by lobby group Airlines UK, heads of carriers including EasyJet Plc and Virgin ...

Bloomberg All Boeing Co 737 Max flights around the world are being tracked by US regulators who are keeping watch on the plane after its 20-month grounding. The Federal Aviation Administration (FAA) is using a network of satellites capable of tracking planes in even the most remote regions as if they were under surveillance by local radars, according to the ...

Bloomberg Macy’s Inc is sounding out investors on a potential debt sale that would further aid the retailer through the pandemic, as a string of troubled companies look to capitalise on record-low borrowing costs. The department store chain is considering issuing new debt to bolster its liquidity, according to people with knowledge of the situation. Talks are in the early ...

Bloomberg The US government wants to hire 6,000 new airport security screeners by the summer as progress in vaccinating people for Covid-19 is projected to lead to an increase in travel. The Transportation Security Administration (TSA) announced a nationwide recruitment effort, even as the coronavirus continues to significantly depress airline passenger levels. Seasonal travel trends — summer is the busiest ...

Bloomberg Australian household spending rose at a slower-than-expected pace in January as a short, sharp Covid-19 lockdown in the northeastern state of Queensland dragged on stronger performances in other parts of the country. Preliminary retail sales advanced 0.6% from December, but came in below economists’ median estimate of a 2% gain, the Australian Bureau of Statistics said in a report ...

Bloomberg After a stellar year for trading and dealmaking, European bankers are joining their American counterparts in learning their bonuses won’t be quite as impressive. Credit Suisse Group AG, which contended with major legal hits and writedowns last year, reduced its bonus pool by about 7%. Deutsche Bank AG will boost bonuses for its traders by more than 10%, but ...

Bloomberg DBS Group Holdings Ltd., Southeast Asia’s largest lender, said it’s facing lawsuits in India related to its recent takeover of a struggling local bank. Holders of Lakshmi Vilas Bank Ltd.’s equity shares and Tier-II bonds that were written off before the effective date of amalgamation took legal actions against DBS’s local unit in various high courts in India, the ...

Bloomberg Bank of England (BE) policy maker Gertjan Vlieghe gave his strongest backing yet for the use of negative interest rates if the UK needs more stimulus, highlighting a growing schism between officials on the institution’s toolkit. Two days after Deputy Governor Dave Ramsden said the BOE had scope for more quantitative easing (QE) to support the economy — describing ...