In the run-up to the US employment report, the forecasts of both economists and Wall Street analysts had migrated higher and pointed to an incredibly strong job creation number for April. What materialised, however, was a huge disappointment that constituted the biggest data miss on record. While firm conclusions about the reason will have to wait for more data over ...

Bloomberg Flush with bailout funds, Air Canada called on the government of its home country to lay out a plan for reopening borders as vaccination progresses. Canada’s biggest air carrier is in a position to ramp up operations after reaching a deal for nearly C$5.9 billion ($4.8 billion) in debt and equity with the federal government last month. Chief Executive ...

Bloomberg Airbus SE expects China to become a legitimate rival in global planemaking by the end of the decade, upending the long-standing duopoly between the European company and US rival Boeing Co. China has long been a big customer for both manufacturers, accounting for a fifth of Airbus deliveries last year. The country is finally close to success in its ...