DUBAI / WAM Breakbulk Middle East (BBME), the GCC’s leading breakbulk and project cargo event, held under the patronage of the UAE Ministry of Energy and Infrastructure, will be presented digitally this year. Titled Breakbulk Middle East Digital Special, the new version of the much-awaited event, will take place on February 9-10. The next in-person event is scheduled for February ...

President Joe Biden has laid out an ambitious agenda to support the economy and fight Covid-19. But he is running into opposition from both Republicans and some moderate Democrats in the Senate. He faces a choice: craft a bipartisan compromise, or try to muscle a bill through the chamber on a party-line vote. He should choose compromise. Biden can give ...

It’s hard not to look in dismay at the feeble start to the European Union’s Covid vaccination campaign. The bloc has only managed to administer about 8.9 million doses in total, according to the Bloomberg vaccine tracker, about two for every 100 citizens. The US and the UK are running at seven and 10.5 respectively, while Israel is at 43. ...

Deutsche Bank AG’s latest conduct slipup has a familiar look. Several of its investment bankers allegedly misrepresented how sophisticated some of their clients were so they could sell them risky products. It carries an echo of the early 2000s, when securities firms from around the world missold derivatives to myriad municipalities and small companies across Europe. That Deutsche should find ...

China flew a significant force of bombers and fighters near the Taiwan Strait over the weekend, one of the largest in an escalation of nerves over several months but more important as a test of President Joe Biden’s administration. The new team didn’t give Beijing a free pass. The State Department quickly issued a press release about the Chinese military ...

Bloomberg Delta Air Lines Inc will return 400 pilots to full flying status by this summer, betting that the expansion of coronavirus vaccinations will trigger a rebound in travel demand. The plan is “well ahead” of when the company originally estimated it would restore pilots to full active status, John Laughter, Delta senior vice president of operations, said in a ...

Bloomberg Rolls-Royce Holdings Plc projected free-cash outflows of about 2 billion pounds ($2.7 billion) this year, saying new curbs on travel tied to the coronavirus will delay a recovery in long- distance flights. The shares slumped after the UK jet-engine maker said on Tuesday that it expects flying hours for wide-body aircraft to reach just 55% of 2019 levels. It ...

Bloomberg Macquarie Infrastructure Corp (MIC) is seeking bids for services provider Atlantic Aviation, according to people with knowledge of the matter. Atlantic could fetch as much as $4 billion, including debt, if suitors value the company at a similar multiple to rival Signature Aviation Plc, some of the people said, asking not to be identified because the information isn’t public. ...

Bloomberg China is finally reaching the finish line in its long-delayed attempt to build a jet capable of competing with narrowbody planes from Airbus SE and Boeing Co, according to the state-owned company in charge of the program. Commercial Aircraft Corp of China (Comac) will deliver its first C919 single-aisle jet by the end of the year, Communist Party-backed newspaper ...

Bloomberg Air Canada dropped 6.2%, the most since December 21, as the Canadian government considers tougher measures to limit travel into the country because of new variants of Covid-19. Prime Minister Justin Trudeau and members of his cabinet have talked openly about tightening rules to discourage international trips. The country requires anyone boarding a flight to Canada to have a ...