A restructuring at the world’s most indebted real estate developer is looming. The Chinese government has already hired financial advisors to assess China Evergrande Group. With more than $300 billion in liabilities on its books and not even $15 billion in cash, Evergrande is racing against time. It will not be able to make loan interest payments, Bloomberg News reported. ...

The list of candidates hoping to take on Emmanuel Macron for the French presidency in April is getting long. About 30 people have thrown their hats in the ring, including Paris’ Socialist mayor Anne Hidalgo, far-right leader Marine Le Pen and former Brexit negotiator Michel Barnier. Similar numbers have been seen in previous elections, and the ranks will thin eventually. ...

Bloomberg Ryanair Holdings Plc plans to create 5,000 European jobs over the next five years as the airline returns to growth following the coronavirus slump. The Dublin-based carrier will need to add aviation crew to meet demand from an expanded Boeing Co 737 fleet, unit Chief Executive Officer Eddie Wilson said in an emailed statement. The airline expects passenger numbers ...

Bloomberg The maker of On Running performance shoes priced its US initial public offering above a marketed range to raise $746 million. On Holding AG and some of its investors sold 31.1 million shares for $24 each, according to a statement confirming an earlier report by Bloomberg News. The company had marketed the shares for $20 to $22 each. The ...

Bloomberg Avianca Holdings SA won court approval to send its reorganisation plan to creditors for a vote, bringing the Colombian air carrier one step closer to exiting bankruptcy under new ownership. Lenders and noteholders who agreed to refinance their debt at the beginning of Avianca’s bankruptcy case last year will get 72% of the airline’s equity in exchange for canceling ...

Bloomberg Amazon.com Inc boosted pay as it looks to hire 125,000 warehouse and shipping workers amid a tight US labour market. The e-commerce giant said starting wages for open jobs in logistics average $18 an hour, or 20% more than the $15-an-hour base pay the company set back in 2018, with signing bonuses of as much as $3,000 in some ...

Bloomberg Airbus SE upped the ante in its bid to win a helicopter order from Britain’s Royal Air Force, promising to build all military versions of the H175M model it’s pitching at a new plant in the UK. The assembly line will be installed next to Airbus’s jetliner wing factory in Broughton, Wales, if it’s selected to replace a fleet ...

Bloomberg Southwest Airlines Co Chief Operating Officer (COO) Mike Van de Ven was named president, effective immediately, replacing Tom Nealon, who chose to retire. Nealon’s departure comes less than three months after Southwest selected Executive Vice President Bob Jordan to replace Gary Kelly as chief executive officer, starting from February 1. Nealon, 60, will remain a strategic adviser at the ...

Bloomberg KLM has opted to accommodate crew members who aren’t vaccinated against Covid-19, rather than issuing mandates as more global destinations require shots. The Dutch arm of Air France-KLM will ask pilots and flight attendants to register their vaccine status, but not require inoculation, it said. Schedules will be adjusted to avoid sending those who aren’t vaccinated to destinations where ...

Bloomberg US President Joe Biden suggested the possibility of an in-person meeting with Xi Jinping during a phone call last week, but the Chinese president declined to commit to one as he continues to avoid leaving his country even for major gatherings amid the Covid-19 pandemic. Biden suggested the two leaders meet at some point in the next few months, ...