Bloomberg Boeing Co is sticking with Chief Executive Officer Dave Calhoun to guide the company through a long and uncertain recovery, while parting ways with a potential contender for his job. The company’s board raised Calhoun’s retirement age to 70, citing the 64-year-old’s “substantial progress” in ending the 737 Max grounding and bringing the planemaker back from the Covid-19 pandemic. ...

Bloomberg China’s Baiyun International airport in Guangzhou topped the list of the world’s busiest hubs in a coronavirus-wracked 2020, knocking Hartsfield-Jackson Atlanta International off a perch it occupied for more than two decades. Baiyun moved up from 11th place, trade group Airports Council International said in a statement, capping a year when the Covid-19 pandemic disrupted global air travel. Hartsfield-Jackson ...

Bloomberg United Airlines Holdings Inc will repair and resume flying its Pratt & Whitney-powered Boeing 777-200 fleet that’s been grounded for two months since a dramatic engine failure showered debris across a suburban Denver neighborhood. United is working closely with Pratt & Whitney, a division of Raytheon Technologies Corp, as well as Boeing Co and the FAA on fan-blade inspections ...

Bloomberg Prescription eyewear seller Warby Parker Retail Inc is considering an initial public offering as soon as this year, according to people familiar with the matter. The New York-based company is in discussions with advisers on a potential listing, the people said, asking not to be identified as the information is private. Warby Parker raised $120 million in its most ...

Bloomberg Gucci’s sales rebounded in the first quarter, signalling a recovery for the luxury brand after the appeal of its flamboyant fashions waned last year. Comparable sales, a key measure of retail performance, jumped 25% at the Italian fashion house to 2.17 billion euros ($2.61 billion), owner Kering SA said in a statement. Analysts had expected a 19% gain. Gucci ...

Bloomberg France backed a military council that intends ruling Chad for a transition period following the president’s death, while a continental body said it was deeply concerned by the military takeover. The situation threatens “peace, security and stability” not only in Chad, but also the region, as well as the continent, the African Union (AU) said in a statement on ...

Bloomberg Two B-52 long-range bombers arrived in the region around Afghanistan to bolster security as the US prepares to withdraw all 2,500 troops from the country by September, Pentagon spokesman John Kirby said. The bomber deployment was approved by Defense Secretary Lloyd Austin along with an extension of the carrier USS Eisenhower’s current tour in the Middle East as the ...

Bloomberg Malaysian Prime Minister Muhyiddin Yassin’s approval rating remained stable in the latest survey, with a majority of people polled “satisfied” with the government’s handling of the pandemic, according to research house Merdeka Center. The prime minister’s rating eased to 67% in April from 68% in March, compared with 63% in January, according to the survey. Seventy percent of voters ...

Bloomberg Vladimir Putin likes keeping Western leaders on their toes, guessing what his intentions are and what he might do next. The Russian president has been doing it for more than two decades and mostly getting away with it. As thousands of Russian troops began withdrawing from the Ukrainian border, easing some of the worst tensions with the US and ...

Bloomberg When Gerhard Schroeder formed a German government with the Greens in 1998, he made it clear that his Social Democratic Party was the “cook” and the junior partner the “waiter.” Well, not any more. Polls show the Greens with all the momentum going into September’s election and the odds-on favourites for a return to coalition government. What’s more, they’re ...