Bloomberg VietJet Aviation JSC indicated that it plans to establish a fleet of Airbus SE A330 jets for flights beyond Asia after signing a service deal for the Rolls-Royce Holdings Plc engines that power the twin-aisle model. The Vietnamese airline will outfit upcoming wide-bodies with Rolls-Royce Trent 700 turbines, it said in a statement. A Rolls spokeswoman said the $400 ...

Bloomberg The Biden administration’s new vaccine-based travel rules are forecast to boost jet fuel consumption as they bring the US more in line with the European Union, helping revive flights across the Atlantic. The increased transatlantic travel will probably add at least 250,000 barrels a day of crude demand, according to a senior trader at a top oil-trading firm. Bloomberg ...

Bloomberg The Taliban government has banned the use of foreign currencies in Afghanistan in a surprise move that could weigh on an economy struggling with a cash crunch and further isolate the country. The move came as the Taliban were pushing for the release of billions of dollars of reserves overseas, which was frozen by the US and its Western ...

Bloomberg The first official delegation of European lawmakers landed in Taipei, defying warnings from China that the bloc’s support for the democratically ruled island would have dire consequences. The group from the European Parliament’s special committee on foreign interference is scheduled to meet top political leaders while in Taiwan, including President Tsai Ing-wen and Premier Su Tseng-chang during the three-day ...

Bloomberg Ethiopia’s government declared a nationwide state of emergency and called on residents to defend the capital after rebel fighters captured key towns on a main road that leads to the city. The decision to suspend the constitution was taken to “ward off a threat that is posed to the survival and sovereignty of the country,” Justice Minister Gedion Timothewos ...

Bloomberg President Joe Biden said that Russia and especially China were mistaken to skip the Group of 20 and UN climate conferences in Europe, noting that Beijing missed an opportunity to participate in global leadership. “They’ve lost an ability to influence people around the world and the people here at COP,” he said at a news conference in Glasgow, Scotland, ...

Bloomberg Boris Johnson is trying to overhaul the UK Parliament’s anti-sleaze watchdog, after it found a member of his Conservative Party guilty of lobbying on behalf of two companies that were paying him as a consultant. The prime minister’s office on Wednesday called for a “new appeals process” in such sleaze cases, British media shorthand for questionable actions ranging from ...

Bloomberg Hong Kong is in advanced discussions with Chinese officials about potentially reopening their shared border, according to local media reports, as former British colony pushes to overcome the mainland’s hesitancy to revive travel crucial to the city’s economy. Experts from both sides are expected to soon hold a second meeting with a final decision on the resumption of travel ...

Bloomberg Sustainable financing in Indonesia, the world’s largest exporter of thermal coal, is set to increase with half the banking industry pledging to boost funding for environmentally-friendly projects, according to the financial services authority. Indonesian banks recorded a combined total of $55.9 billion in sustainable financing as of November last year, said the financial regulator known as OJK. The lenders ...

Bloomberg China has increased the number of individuals with digital yuan accounts to 140 million, with 10 million corporate accounts created, a top official at the People’s Bank of China (PBOC) said. Transactions in e-CNY, as the currency is known, reached 62 billion yuan ($9.7 billion) in trials rolled out in about a dozen regions, Mu Changchun, head of the ...