Bloomberg Indonesia’s new central bank chief joined his counterpart in India in calling on the Federal Reserve to be more mindful of the global repercussions of policy tightening amid a rout in emerging markets. In his first interview with international media since he took office two weeks ago, Bank Indonesia Governor Perry Warjiyo said the pace of the Fed’s balance ...

Bloomberg London Stansted airport, best known as Europe’s biggest discount hub, joined the major leagues with a first flight by Mideast giant Emirates and said it aims to add 30 more long-haul routes within five years. A catchment area that includes Cambridge, England — the focus for Britain’s technology and pharmaceutical sectors — as well as London’s City and Canary ...

Bloomberg Hainan Airlines Holding Co. is seeking to sell shares listed in Shanghai to investors including a unit of Singapore’s sovereign investment fund Temasek Holdings Pte, according to a statement to the stock exchange Saturday. The air carrier said it plans to raise as much as 7 billion yuan ($1.09 billion) by selling as much as 20 percent of its ...

Bloomberg Air France labour unions called for a strike from June 23 to 26, reigniting a costly labour conflict at the height of the busy summer travel season. Workers will strike unless an agreement is found to end the dispute in coming days, the unions said in an emailed statement after meeting with management of parent Air France-KLM. The decision ...

Bloomberg Southwest Airlines Co. is going after its rivals’ best customers by matching the elite-flyer status of some passengers on other US carriers. Members of Southwest’s Rapid Rewards loyalty program who prove upper-tier standing at other airlines will be upgraded to the carrier’s “A-List” for 90 days. Those who qualify can earn an additional 12 months on the list by ...

Bloomberg The world’s biggest furniture retailer is figuring out how to pursue ambitious climate goals without losing out economically. Ikea, the Swedish company known for making smart, inexpensive furniture that stands little chance of becoming a family heirloom, wants people to hold on to its pieces for longer. To that end, the company intends to broaden the services it provides ...

DUBAI / WAM DMCC welcomed Islamic Bank of Afghanistan as the newest member of its DMCC Tradeflow platform, a dedicated online platform for registering possession and ownership of commodities stored in UAE-based storage facilities. The collaboration will enable the bank to carry out Sharia-compliant Murabaha transactions using DMCC platform to take multi-currency trades from across the globe. DMCC Tradeflow has ...

Bloomberg With financial backing from the US government, solar developer Gigawatt Global Cooperatief UA signed a deal with the 15-nation Economic Community of West African States to build $1 billion of renewable energy projects in the region. The US is supporting the project through its Power Africa initiative set up in 2013 under President Barack Obama’s administration, a program that ...

Bloomberg Venezuela wrote to fellow OPEC members urging them to unite against US sanctions, echoing a similar letter from Iran, according to people with knowledge of the matter. The two countries requested that the Organization of Petroleum Exporting Countries (OPEC) should discuss the impact of American sanctions at its upcoming meeting on June 22, the people said. Both nations asked ...

Bloomberg Uber Technologies Inc. announced it would roll out its on-demand electric-bicycle service to Europe, as it seeks to expand its international offerings to include more environmentally-friendly forms of transportation. Uber said it aims to bring its Jump bike rental service to Berlin before the end of this summer, with other European cities to follow soon after. “When you get ...