China may be the only major economy to notch growth at all in 2020, quite the reversal after the onset of Covid-19 triggered a historic collapse early in the year. This revival has been reflected in the yuan, Asia’s best performing currency this quarter. There’s good reason to think it isn’t a fluke. Bloomberg Economics projects China’s gross domestic product ...

Unibail-Rodamco-Westfield has a history of shrugging off crises. A decade ago, Europe’s No. 1 operator of top-tier shopping malls and offices doled out cash to shareholders even as banks collapsed and austerity ruled. The rise of online shopping only pushed it further to keep buying trophies like Westfield. That halo of invincibility has well and truly slipped after Covid-19. The ...

Boris Johnson is right back where he was six months ago: faced with a choice of how far to clamp down on freedoms in order to suppress the coronavirus’s transmission. Only then the strategy was simple. Britain’s lockdown was to protect the capacity of the National Health Service (NHS) in order to save lives. This time, the goal is more ...

Bloomberg While flight shaming and the coronavirus pandemic have spurred airlines to hasten the retirement of their oldest, fuel-guzzling aircraft, not all those planes end up in boneyards in the desert. Many find a second life in the fleets of Amazon.com Inc and other cargo carriers. Amazon has been among the biggest lessors of converted Boeing Co 767s in the ...

Bloomberg A whistle-blower at Boeing Co is urging aviation regulators to add additional protections to the grounded 737 Max. Curtis Ewbank, who has previously raised concerns about the plane’s design with congressional investigators, said in comments filed with the Federal Aviation Administration (FAA) that a proposal to mandate fixes to the jet didn’t address multiple hazards identified in the two ...

Bloomberg Singapore Airlines Ltd pilots have agreed to further pay cuts to remain in employment, the carrier said. The city-state’s flag carrier and the Air Line Pilots Association — Singapore reached the agreement and the company will implement the measures for all remaining pilots in Singapore Airlines and SilkAir with effect from October 1. The deal will help to mitigate ...

Bloomberg Philippine Airlines Inc said it has received refund requests totaling 15.9 billion pesos ($329 million) amid the coronavirus pandemic, seeking customers’ understanding as it has only paid back 80% of that amount. The carrier owned by billionaire Lucio Tan has canceled more than 60,000 flights since March, affecting over 1.3 million passengers, it said in a statement. Asia’s oldest ...

Bloomberg After seven months as Woolworths Holdings Ltd Chief Executive Officer, Roy Bagattini can finally make plans to visit the whole organisation. The former Levi Strauss & Co Americas boss returned to South Africa to take over the Cape Town-based retailer in mid-February and only had about a month in the office before the country entered a strict lockdown to ...

Bloomberg Walmart Inc said it’s targeting zero emissions from its global operations by 2040, a small fraction of its total, in the latest climate-focussed step amid heightened calls from investors and activists to reduce carbon footprints. The world’s biggest retailer also plans to secure enough wind, solar and other renewable energy sources to power its facilities with 100% green power ...

Bloomberg China is ratcheting up the risk of military confrontation in the Taiwan Strait, as Beijing seeks to deter Taipei from continuing to deepen ties with the US and other like-minded democracies. People’s Liberation Army (PLA) aircraft repeatedly breached the median line between Taiwan and the Chinese mainland last week, in the latest of a series of military exercises in ...