Bloomberg European planemaker Airbus SE believes it may lose more than $5 billion of aircraft orders under struggling airline AirAsia X Bhd’s restructuring plans, according to court documents filed in Malaysia last week. Airbus Asia Pacific President Anand Stanley said in the court filing there’s a “strong possibility that Airbus will suffer substantial losses and prejudice” under the proposed restructuring ...

Bloomberg IndiGo, India’s biggest airline, could start slowly rehiring staff in three months as capacity rebuilds from “the background of carnage” caused by Covid-19, with domestic services likely to return to pre-pandemic levels by January or February, Chief Executive Officer Ronojoy Dutta said. “Doom and gloom is off the table and we are recovering pretty nicely, especially domestically,” Dutta said ...

Bloomberg The Philippines suspended all flights from UK from December 24 to Decemebr 31 to prevent the spread of a new variant of the coronavirus, according to a resolution issued by the government’s task force handling the pandemic. The country will also bar travellers who have been in the UK in the 14 days prior to arrival in the Philippines, ...

Bloomberg Amazon.com says it will delay raising fees it charges independent sellers to store and ship items until June, a gesture to merchants who have sometimes bristled at the rising costs of doing business with the company. In a blog post to sellers, Jeff Wilke, the outgoing chief executive officer of Amazon’s retail unit, noted that other logistics companies have ...

Bloomberg Russia expects nothing good in relations with a “deeply hostile” US under the incoming administration of Joe Biden and has no plans to make unilateral concessions to improve ties, Deputy Foreign Minister Sergei Ryabkov said. “We are heading from bad to worse,” Ryabkov said in an interview with the Interfax news service published on Wednesday, which he later confirmed ...

Bloomberg Hong Kong media tycoon and Next Digital Ltd. founder Jimmy Lai has been granted bail by Hong Kong’s High Court, local media including the Apple Daily newspaper reported. Lai was charged earlier this month with colluding with foreign forces under the city’s new national security law. He is the owner of the pro-democracy Apple Daily. Lai was released on ...

Bloomberg Prime Minister Justin Trudeau’s government rejected a plan by China’s Shandong Gold Mining Co. to acquire a gold miner that operates in the Canadian Arctic, potentially inflaming a diplomatic feud. TMAC Resources Inc. owns the Hope Bay gold mine in the northern territory of Nunavut, an operation that includes a port and air strips. Shandong, an acquisitive state-backed metal ...

Bloomberg President-elect Joe Biden lashed out at Donald Trump over a major hack of US government agencies and companies, saying the president isn’t taking it seriously enough, while vowing to strengthen the nation’s cyberdefenses. Biden blamed the Trump administration for having “failed to prioritise cybersecurity” during its four years in power. He also called on the president to clearly and ...

Bloomberg Negotiators are drawing closer to a historic post-Brexit trade deal between the UK and European Union (EU), with officials increasingly hopeful an accord could be struck soon. Prime Minister Boris Johnson and European Commission President Ursula von der Leyen intervened personally in recent days, holding several phone conversations in a last-ditch bid to reach an agreement before the UK ...

Bloomberg Two people died of gunshot wounds after Zambian police were deployed to disperse a crowd that gathered to show their support for the main opposition leader, Hakainde Hichilema, who had presented himself for questioning. A state prosecutor and another person were hit by stray bullets fired by the police during chaos that ensued in the capital, Lusaka, privately owned ...