Uncategorized

Flair Airlines Ltd, a low-cost Canadian airline, is in talks to go public through a merger with New Vista Acquisition Corp., a blank check-firm backed by a former Boeing Co. chief executive officer. New Vista may seek to raise additional financing to support a transaction. The special purpose acquisition company is led by Dennis Muilenburg, Boeing’s CEO from 2015 to ...

Unilever Plc recalled popular brands of aerosol dry shampoo, including Dove, after discovering they were contaminated with a chemical called benzene that can cause cancer. The recall also covers brands such as Nexxus, Suave, Tresemmé and Tigi, which makes Rockaholic and Bed Head dry shampoos, according to a notice posted on the Food and Drug Administration’s (FDA) website. Unilever’s recall ...

President Jair Bolsonaro’s momentum in opinion polls seemed to stall after a series of blunders and incidents over the past few days, including the arrest of one of his most outspoken supporters —an episode that turned violent and shook Brazilians ahead of Sunday’s presidential runoff. Leftist challenger Luiz Inacio Lula da Silva, 76, would take 54% of valid votes, which ...

President Joe Biden’s advisers are working on setting up a meeting with Xi Jinping and maintaining a dialogue after the Chinese president emerged from the Communist Party congress last week with a tighter grip on the country, a White House spokesman said. John Kirby, a spokesman for Biden’s National Security Council, said the US would have no official comment on ...

Six Palestinians were killed in the West Bank overnight, and more than 30 were injured, in an Israeli military operation. The operation against the Lion’s Den group, which the military says was planning a number of attacks against Israelis, was the deadliest night of violence in the West Bank and Jerusalem since the start of the year. It comes a ...

Ukraine’s allies are increasingly concerned that desperation in the Kremlin over an unrelenting string of battlefield failures may lead Russia to escalate its war, possibly using a massive attack on a target like a dam or even a weapon of mass destruction. For the moment, there’s no sign Moscow is actually making preparations for such a strike, even as it ...

The UK’s chaotic mini-budget prompted HSBC Holdings Plc to increase its loan loss provision by $200 million in the third quarter, another sign of the economic turmoil created by the aborted fiscal statement. The lender took a $279 million charge against its UK unit in the period, according to an analyst presentation on Tuesday. That included “$200 million of additional ...

Workers at Japanese banks aren’t having to rush back to the office, unlike their counterparts on Wall Street, even as the country gradually returns to normal life after the pandemic. The nation’s three largest lenders — Mitsubishi UFJ Financial group, Sumitomo Mitsui Financial group and Mizuho Financial group  — said they are allowing more flexibility, eschewing a minimum number of ...

Rishi Sunak might be a safe pair of hands for the UK economy, but investors don’t expect his premiership to give a significant boost to country’s beaten-down equities. While the ex-Goldman Sachs banker is set to bring an end to the kind of extreme volatility that characterised Liz Truss’s brief tenure in Downing Street, Sunak’s more prudent fiscal approach is ...

A record exit by overseas investors from mainland-China equities is putting a fresh focus on stocks with high foreign ownership. Statistics on foreign ownership was the primary client query at Bank of America Corp (BofA) after a leadership reshuffle — which tightened President Xi Jinping’s grip over the country’s ruling party — spurred a historic market rout. “The number one ...