Bloomberg An investor group including Air France-KLM and Delta Air Lines Inc. looks primed to buy Italy’s fledgling state-controlled carrier, after being selected over a rival bid from a team that included Deutsche Lufthansa AG. The Rome-based Finance Ministry, which is running the process to find a new owner for ITA Airways, said on Wednesday that it will start exclusive ...

  Bloomberg Hong Kong’s retail sales rose more than expected in July, reversing two months of declines as the city attempts to mount a recovery from Covid-19 curbs and other headwinds. Retail sales value rose 4.1% in July from a year ago, the Census and Statistics Department said on Wednesday. That compared to a median estimate of a 1.4% rise ...

Bloomberg Taiwan warned it faces “severe military challenges” from surging Chinese military activity edging closer to the island, as Beijing tries to change the status quo in the Taiwan Strait. Taipei expects the People’s Liberation Army to continue sending warships and jets across the median line that divides the waterway, the island’s Ministry of National Defense said in an annual ...