Bloomberg Cathay Pacific Airways Ltd will suspend flights to and from Japan for three weeks after the Japanese government tightened quarantine rules on people arriving from Hong Kong. Flights to and from Hong Kong and four Japanese airports and cities — Tokyo’s Haneda airport, Fukuoka, Nagoya and Sapporo — will stop from Monday until March 28, and halted for Narita ...

Bloomberg The UK will withdraw as a member state of the European Union Aviation Safety Agency (EASA) after December 31, Aviation Week reported, citing an interview with Transport Secretary Grant Shapps. “We will leave EASA,” Shapps said in the interview. “A lot of the expertise they have is UK expertise, in fact. A lot of the key leading lights were ...

Bloomberg Finance chiefs from the world’s top industrial and emerging nations committed to “take further actions” to aid the world economy amid mounting fears the coronavirus is dragging it towards a recession. At the end of a week in which the virus spread and an emergency Federal Reserve rate cut failed to calm investors, Group of 20 finance ministers and ...

Bloomberg The Opec+ alliance’s dramatic failure to reach an output deal is most obviously being felt in oil futures, which plunged the most since 2008 in London. A look at the less-conspicuous corners of the market reveal the scale of the impact. The potential collapse of the group led by Saudi Arabia and Russia is the latest blow to a ...

Bloomberg As Chinese factories hit by the coronavirus look to restart production, the pain is only beginning for carriers that rely on steady shipments of Asian smartphones. AT&T Inc is bracing for handset shortages across the US. A carrier in the UK and one in France are already dealing with supply disruption and could run out of some popular models, ...

Bloomberg Tech giants continue to drop out of this month’s South by Southwest festival over coronavirus concerns, threatening an event that typically serves as one of the industry’s most influential gatherings. Apple Inc said that it wouldn’t be attending the conference, which kicks off on March 13 in Austin, Texas. The iPhone maker and streaming-video provider had planned to debut ...

Bloomberg The chief executive of Lego A/S says the novel coronavirus only represents a short-term blow to China’s economy that won’t change the toymaker’s expansion plans in its fastest growing market. Lego reported record sales and said growth in 2020 will once again be led by China. It’s targeting almost 60% more stores there this year, bringing the number to ...

Bloomberg Pressure is building for interest-rate cuts that could push emerging economies into a quagmire of runaway inflation and currency weakness. That’s because average real yields in emerging markets may have already turned negative, if first-quarter inflation projections are any indication. Even bigger economies such as India, Taiwan and Turkey offer bond returns below price growth, leaving little room for ...

Bloomberg State Bank of India (SBI) said it will immediately invest 24.5 billion rupees ($332 million) in Yes Bank Ltd. as part of a central bank-backed rescue plan for the embattled lender. SBI, the country’s largest bank, won’t ask the federal government for capital to fund the rescue and may instead work with other investors, Chairman Rajnish Kumar told reporters ...

Bloomberg Global central banks have no room to fight the crisis caused by the coronavirus outbreak, according to Deutsche Bank AG. “Policy failure is here,” George Saravelos, bank’s global head of currency research, wrote in a note. “We disagree with central bank pronouncements that there is room to fight the crisis.” Market turmoil around the world deepened, as growing fears ...