BLOOMBERG Spring Airlines Co, China’s largest budget carrier, says international air travel remains weak and is stunting its recovery from Covid, even as peers globally struggle to keep up with demand. “We’re waiting for stronger demand to come,” Spring Airlines’ Vice-President Zhang Wu’an said at the Aviation Festival Asia in Singapore. For Spring, which operates an all-Airbus SE 117-strong fleet ...

BLOOMBERG Coupang Inc, the South Korean e-commerce giant backed by SoftBank Group Corp, reported lower sales than analysts estimated, marring another profitable quarter for the company. Revenue gained 4.9% to $5.33 billion in the October-December period, the US-listed company said in a statement. That compared with an average estimate of $5.45 billion. Coupang’s active customers grew just 1% to 18.1 ...

BLOOMBERG The Treasury Department will lead a new senior-level working group that will soon start regular talks on the possible launch of a digital dollar. The group will include “leaders” from the Treasury, Federal Reserve, National Security Council and other agencies, Nellie Liang, Treasury undersecretary for domestic finance, said. In the coming months the group “will begin to meet regularly ...