Bloomberg It was supposed to be another regular flight on one of Pakistan’s busiest domestic routes between its two biggest cities. State-run Pakistan International Airlines (PIA) Corp’s PK 8303 flight had a normal departure from the eastern city of Lahore. Close to landing before 2:45 pm local time, the pilots told passengers to fasten their seat-belts as it approached Karachi’s ...

Bloomberg Meituan Dianping reported a smaller slide in revenue than analysts projected after the Chinese internet services giant proved resilient to virus-induced lockdowns. Sales fell 12.6% to 16.8 billion yuan ($2.4 billion) in the three months ended March, compared with the 15.6 billion yuan average of analysts’ estimates. It reported net loss of 1.58 billion yuan, while analysts projected a ...

Bloomberg The US should give up its “wishful thinking” of changing China, foreign minister Wang Yi said, warning that some in America were pushing relations to a “new Cold War.” “China has no intention to change the US, nor to replace the US It is also wishful thinking for the US to change China,” Wang said during his annual news ...

Bloomberg North Korea leader Kim Jong-un, making his first public statement in three weeks, ordered military leaders to increase the country’s “nuclear war deterrence,” the official Korean Central News Agency (KCNA) reported. The meeting of the Seventh Central Military Commission of the Workers’ Party of Korea also discussed putting the nation’s strategic armed forces on high alert, and increasing the ...

Bloomberg China sought to reassure Hong Kong that its judiciary would remain independent under a new national security law, as concerns grow that the city may lose one of its key selling points for international companies. “The legislation will not change the one country, two systems policy, Hong Kong’s capitalist system, high degree of autonomy, nor will it change the ...

FILED – 21 Bloomberg The US will prohibit the entry of most non-US citizens arriving from Brazil, where coronavirus cases have spiked to the second highest in the world, expanding restrictions already placed on visitors from China and Europe. The order begins at 11:59 pm on Thursday, at which point the entry of foreigners who’ve been in Brazil during the ...

Bloomberg Chile’s government is struggling to control a coronavirus outbreak that’s pushed hospitals toward collapse and could threaten to revive mass social unrest. With a population of just 18 million, Chile is reporting new Covid-19 cases at a pace comparable to that of Spain at the peak of the virus’s spread in March, on a per-capita basis, and resources are ...

Bloomberg Russian prosecutors asked for an 18 year sentence for former US Marine Paul Whelan, who is on trial in Moscow accused of spying, Interfax news agency reported, citing his lawyer Vladimir Zherebenkov. Whelan denies the allegations and claims he was set up by a Federal Security Service major who owed him 100,000 rubles ($1,400). He has been detained in ...

Bloomberg Former German Finance Minister Wolfgang Schaeuble backed the European Union’s (EU) proposed 500 billion-euro ($545 billion) economic-recovery plan, adding a key voice to a standoff with EU countries focusing on fiscal austerity. The comments by Schaeuble, who remains influential within Chancellor Angela Merkel’s Christian Democratic Union (CDU) party, suggest he’s gearing up to play a role when the package ...

Bloomberg Sweden’s unemployment rate rose more than expected in April as the effects of the Covid-19 crisis continued to wreak havoc across the Nordic region’s biggest economy. The seasonally-adjusted jobless measure increased to 7.9% from 6.7% a month earlier, Statistics Sweden reported. Economists were expecting a rate of 7.8%, according to the median of seven estimates from a Bloomberg survey. ...