Bloomberg Jumia Technologies AG is facing fresh competition from startups in the African e-commerce and logistics market after the Covid-19 pandemic increased demand for online deliveries. The US-listed firm is seen as one of the pioneers of internet trading in sub-Saharan Africa, which trails the rest of the world due to challenges including weak internet connections and unreliable addresses. But ...

Bloomberg London City Airport Ltd will pause the building of the next stage of a 480 million pound ($628 million) expansion due to a slower-than-expected recovery of the UK aviation industry from the Covid-19 pandemic. The airport operator will postpone plans to extend its passenger terminal and new east pier from the end of this year, the company said in ...

Bloomberg Deliveries of commercial aircraft over the next ten years will be 30% lower than previously forecast, Aviation Week Network said in a video conference. The prediction spans regional jets to widebody planes, and the latter will be hardest-hit, Aviation Week analyst Dan Williams said on the call. Covid-19 pandemic has battered demand for air travel, with most industry participants ...

Bloomberg Russian President Vladimir Putin offered support to Belarus’s Alexander Lukashenko, who appealed to his neighbour for help after his claim of an election victory to extend his 26-year rule led to widespread protests and strikes that have been met with police brutality. Russia is ready to provide assistance to “resolve the problems” that arose after Belarus’s vote a week ...

Bloomberg The Chinese army has released footage of its Hong Kong garrison firing cannons and torpedoes in a drill in the South China Sea amid rising tensions between Beijing and Washington over the status of the former British colony. The People’s Liberation Army (PLA) recently tested the weaponry, including a torpedo launch from the vessel Huizhou that successfully hit its ...

Bloomberg Thousands of anti-government protesters marched in the Thai capital of Bangkok on Sunday, demanding an end to the military-led administration and for the monarchy’s powers to be reined in. Demonstrators in masks and carrying placards assembled at the Democracy Monument, which commemorates the 1932 revolution that ended absolute monarchy. They held up three fingers to reflect their calls for ...

Bloomberg South Korean President Moon Jae-in said his administration remains ready to mend ties with Japan after more than a year of tensions, and as both sides hold ceremonies to remember Japan’s World War II surrender in 1945 that ended its brutal colonial rule over the Korean Peninsula. Moon reiterated a call for Japan to respect its Supreme Court’s decision ...

Bloomberg Puerto Rico was having a do-over of its gubernatorial primary election on Sunday after it mismanaged the first vote so badly that tens of thousands were unable to cast a ballot. The outcome will set the stage for the November 3 governor’s race and provide the first glimpse of who might lead the US commonwealth out of a record-setting ...

Bloomberg Australia is close to reaching a deal to produce a Covid-19 vaccine, Health Minister Greg Hunt said on Sunday. “We are in advanced negotiations with a range of different companies with regards to a vaccine,” Hunt said on Sky News. He said he was “genuinely optimistic” a coronavirus vaccine would be internationally available by next year. The federal government ...

Bloomberg The Federal Reserve could allow inflation to accelerate above its 2% goal if has underperformed it in the past, said Dallas Fed President Robert Kaplan. “I would be willing to see inflation run moderately above 2% in the aftermath of periods where we’ve been running persistently below,” Kaplan said in a virtual event with the Dallas Friday Group, a ...