Bloomberg The US government is seeking to seize a Boeing 737 aircraft owned by Russian oil company Lukoil PJSC for allegedly violating sanctions imposed on Moscow after the invasion of Ukraine. The Justice Department announced it had obtained a warrant to seize the aircraft, which is valued at $45 million and bears the tail number VP-CLR. The aircraft “flew ...

  Bloomberg Cathay Pacific Airways Ltd., one of the world’s biggest airfreight operators, warned that inflation, supply-chain snags and Covid-19 restrictions in China could lead to weaker cargo demand in this year’s peak season. “Inflation is having an impact on some areas of consumer demand, the supply chain disruption of recent months has dampened manufacturing output, and there continue to ...

  Bloomberg 3M Co. plans to eliminate jobs as part of a broader cost-cutting drive in response to the slowing economy, according to internal communications. The move comes just days after 3M suffered a setback over a key legal strategy designed to mitigate mounting liabilities and as it faces an array of other challenges, ranging from inflationary woes to sluggish ...