The highly anticipated US jobs report for August should make us feel sorry for those having to navigate through the flood of economic data, be they analysts or, more importantly, policy makers. With another set of data subject to divergent interpretations, the post-pandemic economic landscape remains both puzzling and uncertain. Constituting a big miss relative to expectations, the headline number ...

Bloomberg Philippine Airlines Inc filed for Chapter 11 bankruptcy in New York with a lender-supported plan that helps the country’s main carrier recover after the pandemic devastated global travel. The company aims to cut $2 billion in borrowings through a proposed restructuring plan, which needs court approval, it said. Philippine Airlines will also get $505 million in equity and debt ...

Bloomberg Wizz Air Holdings Plc has narrowed the gap with much larger Ryanair Holdings Plc during the coronavirus crisis, based on traffic figures for August, the peak month for summer tourist travel. Wizz carried almost one-third as many passengers as Ryanair last month, after expanding in markets such as Italy and Germany, according to traffic updates. In August 2019, the ...