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Economic demand is back. Supply is problem

What a difference a year makes for many corporate bosses in advanced economies. Some 12 months ago, they were dealing with the sudden and brutal disappearance of demand for their products. Today, demand is not a problem for most of them; it is surging. Rather, they are struggling to secure supplies, including the raw material inputs and workers needed to ...

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Cairn drags Air India to US court over tax spat with state

Bloomberg Cairn Energy Plc is dragging the unprofitable, state-owned carrier Air India Ltd to a US court to seek payment of an arbitration award from the South Asian nation as part of a long-running tax dispute, according to a filing. The energy company, which last year won an arbitration award for $1.2 billion plus interest, is asking a court in ...

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Philippine Air in talks with aircraft lessors

Bloomberg Philippine Airlines Inc has been in talks with its aircraft lessors about reducing its fleet size and returning some planes as part of a restructuring process, President Gilbert Santa Maria said in an interview with CNN Philippines. The carrier is stepping up cargo operations and flying to new destinations, particularly to the Pacific region, to generate revenue, Santa Maria ...

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