Bloomberg Cathay Pacific Airways Ltd. carried just 37,815 passengers in November, down 98.6% from a year earlier, and warned that its second-half losses will be significantly worse than the $1.3 billion hemorrhage in the first six months. Average passenger capacity in the second half is only likely to be 8.4% of pre-pandemic levels, compared with 34.3% in the first half, ...

Bloomberg Boris Johnson urged members of Parliament to approve his Brexit trade agreement and complete Britain’s four-year divorce from the European Union. Parliament was recalled from its Christmas break for an emergency session on Wednesday to rush the deal into law in a single day, 24 hours before the UK leaves the EU single market and customs union. Failure to ...

Bloomberg China sentenced 10 Hong Kong activists who made a dramatic attempt to flee by boat to up to three years in prison, defying calls for their release from the US and others. Activist Tang Kai-yin was sentenced to three years while Quinn Moon was jailed for two years over their roles in organising an illegal border crossing, the Yantian ...

Bloomberg Algeria’s president returned from two months abroad receiving treatment for Covid-19 to a country facing a simmering crisis at its western border and more economic uncertainty. Abdelmadjid Tebboune arrived back in the North African nation, state TV reported, seemingly ending a prolonged absence that had stoked speculation over both his condition and the future political direction of Algeria, which ...

Bloomberg Russia stepped up pressure on opposition leader Alexey Navalny, who survived a nerve-agent attack he and Western governments have blamed on the Kremlin, opening a new criminal case against him for alleged fraud. The country’s Investigative Committee said Navalny had spent 356 million rubles ($8 million) on personal purposes from donations transferred to various funds, including the Anti-Corruption Foundation ...

Bloomberg Italy is betting that a tax scheme to encourage home renovations will green its economy and create jobs. On the face of it, this low-tech approach is at odds with the European Union’s aim of promoting climate and innovation in exchange for billions of euros of aid money. But the government is convinced that paying citizens to make their ...

Bloomberg UK house price growth rises to a six-year high in December, rounding off a strong 2020 for the market that defied a wider economic downturn. Values climbed 7.3% from a year earlier to an average of 230,920 pounds ($312,800), Nationwide Building Society said on Wednesday. They increased 0.8% from a month earlier. The housing market has boomed in 2020 ...

Bloomberg A measure of home prices in 20 US cities rose in October by the most since 2014 as ultra-low mortgage rates and increased buyer appetite for more space depleted housing inventory. The S&P CoreLogic Case-Shiller index of property values climbed 7.95% from the same month the previous year, data showed. The median forecast in a Bloomberg survey of economists ...

Bloomberg More areas of England are set to be placed under lockdown, as the new coronavirus strain puts growing pressure on hospitals. People living in London, Essex and Kent should behave as if they have Covid-19, Health Secretary Matt Hancock said in an interview with LBC radio on Wednesday. The spread of the new variant means more parts of the ...

Bloomberg Prime Minister Giuseppe Conte warned that Italy is reaching the limits on how much debt the government can take on, even as the European Union opens the door to further borrowing. While Italy is pushing ahead with a 38 billion-euro ($47 billion) budget for next year, the growing deficit is becoming unsustainable, Conte said during his year-end press conference ...