Bloomberg Boeing Co expects China to continue to be the main driver in aviation growth worldwide over the next 20 years, saying Chinese airlines are likely to buy 8,600 new airplanes worth $1.4 trillion during the period. The US manufacturer said its outlook reflects an expected robust recovery for China from the Covid-19 pandemic, driven by its expanding middle-class, economic ...

Bloomberg Airline passengers will need to take Covid-19 tests before flying long after a vaccine for the viral infection is introduced, according to the head of the airport that was Europe’s busiest before the pandemic struck. The time required for a global vaccine roll-out means testing must go hand-in-hand with inoculation if international travel is to return to meaningful levels, ...

Bloomberg Australian household spending surged by a record last quarter, led by cafes and clothing and footwear stores as Covid restrictions in much of the country were unwound, underscoring the central bank’s contention that economic growth “increased solidly” in the period. Quarterly retail volumes advanced 6.5% in the three months through September, after declining 3.5% in the prior quarter, the ...

Bloomberg President Donald Trump appeared to accept for the first time that Joe Biden had been elected the next president, tweeting on Sunday that the Democrat “won because the Election was Rigged.” “NO VOTE WATCHERS OR OBSERVERS allowed, vote tabulated by a Radical Left privately owned company, Dominion, with a bad reputation & bum equipment that couldn’t even qualify for ...

Bloomberg The leader of the Tigray region said his forces fired rockets at neighbouring Eritrea as the growing regional conflict in Ethiopia spreads beyond its borders. Tigray President Debretsion Gebremichael confirmed the shelling of Eritrea, and said in a text message that the Tigray People’s Liberation Front was fighting 16 Eritrean divisions, without offering proof. He also confirmed a missile ...

Bloomberg Brazilians are about to find out whether their popular president is able to get political allies elected in Sunday’s municipal vote. The nation of 200 million is choosing mayors and city councilors in elections that will serve as a sort of a referendum on the first half of President Jair Bolsonaro’s four-year mandate. Polls opened at 7 am local ...

Bloomberg The UK hinted that Brexit talks could stretch out beyond this week as the two sides struggle to overcome the key barriers to reaching a trade deal. While officials from both sides of the Brexit divide agree the coming week is crucial, negotiations over a trade agreement have already passed a number of informal deadlines. Britain’s chief Brexit negotiator ...

Bloomberg Banco Santander SA plans to cut as many as 4,000 jobs in Spain, adding to a global wave of staff reductions across the financial industry. The lender told union leaders it will lay off as much as 13% of its Spanish workforce and close as many as 1,000 branches after the pandemic boosted a switch by customers to digital ...

Bloomberg Baoshang Bank, which was taken over by Chinese authorities last year, plans to fully write off a subordinated capital bond after it was deemed a non-viable entity by regulators. The People’s Bank of China and China Banking and Insurance Regulatory Commission determined that a “non-viability trigger event” had taken place at the lender, Baoshang Bank said in a company ...

Bloomberg Goldman Sachs Group Inc elevated its smallest class of new partners in more than two decades. The firm picked 60 employees in its biennial promotions that serve as a nod to the bank’s history as the last major private firm on Wall Street. That’s the fewest since 1998, a year before it went public, and almost half the number ...