Bloomberg Nearly 200 countries are nearing a legally-binding agreement to reduce pollution from the world’s cargo ships, a step forward after two years of talks on how the industry should clean up its emissions. A series of virtual meetings will start on Monday hosted by the United Nations shipping agency over a new rating system that will measure the carbon ...

KHARTOUM / WAM Dr Khalid Abdel Wahhab Al Khajah, Executive Manager of the International and Humanitarian Charity Organisation (IHCO) in Ajman, laid the foundation stone for the building of a new community, named “Al Salam Village”, in Sudan’s River Nile State. The village will see the construction of 200 houses for local people affected by floods that recently swept through ...

Bloomberg General Electric Co aims to be carbon-neutral at its more than 1,000 factories and other facilities worldwide by 2030, leaving aside emissions from the fossil-fuel burning products that have defined much of the company’s recent history. Accomplishing its goal will mean eliminating the 2.39 million metric tons of carbon dioxide produced by the company’s operations in 2019 — roughly ...

Bloomberg Boeing Co is weighing whether to jettison the Seattle-area headquarters of its commercial-airplane division as it cuts costs and stockpiles cash. A sale of the Longacres industrial park would also include an adjacent building once used to train airline pilots. Boeing converted the wooded suburban campus from a horse-racing track in the 1990s, and the property has 855,000 square-feet ...

Bloomberg American Airlines Group Inc plans to make Boeing Co 737 Max passenger flights at the end of this year for the first time since the aircraft’s grounding in March 2019. The Max will serve the busy Miami-New York corridor once a day starting December 29 through January 4, American said. The airline will “take a phased approach” to returning ...

Bloomberg British Airways was fined 20 million pounds ($26 million) by the UK data protection watchdog over a breach that compromised the personal and financial details of more than 400,000 customers, a cut to a much heftier fine initially planned by the regulator. The UK Information Commissioners’ Office (ICO) said its investigation into a 2018 cyber-attack at the company found ...

Bloomberg AirAsia X Bhd is liquidating its Indonesian arm in a bid to survive the virus pandemic that has left the low-cost airline’s planes grounded since late March. The long-haul arm of AirAsia Group Bhd has also written down its 49% stake in Thai AirAsia X, the airline’s deputy chairman Lim Kian Onn said in an interview with the Star ...

Bloomberg Hedge fund Cyrus Capital is in negotiations with Flybe’s administrator, Ernst & Young, to reacquire some of the airline’s assets. A shareholder of Flybe before its collapse this year, Cyrus wants to relaunch a smaller version of the failed carrier next year, Sky reported, without saying how it obtained the information. Both Cyrus Capital and EY declined to comment ...

Bloomberg Asia’s largest retailer Fast Retailing Co sees profits growing slightly beyond analysts’ expectations this fiscal year, driven by a robust recovery from the Covid-19 pandemic in the Uniqlo owner’s key China and Japan markets. Operating profit will probably be 245 billion yen ($2.3 billion) for the year through August 2021, the Japanese company said in a statement. That compares ...

Bloomberg Prime Minister Scott Morrison’s government is adding more commercial flights from the UK, India and South Africa and boosting quarantine places so that more Australians stranded overseas by the pandemic can return home. Morrison said Qantas Airways Ltd will provide eight flights over coming weeks from London, New Delhi and Johannesburg. Australia’s capacity to let citizens and permanent residents ...