Bloomberg Deliveries of Lockheed Martin Corp.’s F-35 will resume after the Pentagon’s acquisitions chief issued a “national security” waiver from a ban on a Chinese alloy used in a component on the fighter jet. The component — a magnet in a device supplied by Honeywell International Inc. — has been used in the plane since 2003. After the Chinese …

  Bloomberg United Airlines Holdings Inc. is planning to restart Hong Kong flights as soon as January, according to people familiar to the matter, becoming one of a handful of major airlines to resume passenger flights to the city, which has largely been cut off to the outside world since the start of the pandemic. The Chicago-based carrier is evaluating …

Bloomberg American Airlines group Inc’s top commercial officer said the airline hadn’t focused on customers in creating its earlier corporate partnerships, validating the suspicions of many disgruntled air travellers. Testifying with unusual candour during Justice Department’s antitrust trial seeking to block American’s partnership with JetBlue, American’s chief commercial officer, Vasu Raja, said customers were an afterthought compared to business and …

  Bloomberg The US will begin redirecting travellers from Uganda to five airports to screen for Ebola, as the East African country grapples with an outbreak of a strain of virus for which there is no approved vaccine. The notice is not a travel ban or suspension on those coming from Uganda, but is being put in place out of …

  Bloomberg India’s central bank is working towards a phased introduction of a digital currency and will put forth a final design after it has conducted large scale pilot projects. The Reserve Bank of India (RBI) is exploring the option of implementation of an account-based central bank digital currency or CBDC for the wholesale segment and token-based currency for the retail …

Bloomberg UBS Group AG’s underwriting arm has been left out of the group that is poised to handle the biggest-ever municipal-bond transaction from Texas after the state listed the bank as one of the firms it considers to “boycott” the fossil-fuel industry. Board members of the issuer, the Texas Natural Gas Securitisation Finance Corp., announced a newly configured underwriting syndicate …

Bloomberg The European Central Bank (ECB) is ratcheting up pressure on some banks to keep 2022 bonuses in check amid fears about the darkening economic outlook, according to people with knowledge of the matter. The euro area’s top banking supervisor has told individual lenders recently that it expects restraint in variable pay and dividends as it’s concerned the energy crunch …

  Bloomberg The Philippine central bank has been “very active” in the foreign exchange market to curb excessive volatility and stem the peso’s depreciation, Governor Felipe Medalla said. The monetary authority, which has raised the policy rate by a total of 2.25 percentage points, makes its decisions in relation to inflation, Medalla told reporters in Manila. It considers the exchange …

  Bloomberg India has invited bids to sell 60.72% in state-backed IDBI Bank Ltd, according to an expression of interest floated by the finance ministry, as it seeks to ramp up its privatisation drive. The federal government and the state-owned Life Insurance Corp. of India together own about 95% in the lender. The government will sell 30.48% of its stake …

  Bloomberg Investors poured the most money into cash since April 2020 on fears of a looming recession, but stocks could see further declines as they don’t fully reflect that risk, say Bank of America Corp (BofA). strategists. Even as major benchmarks bounced off last month’s lows, the bank’s report citing EPFR Global data showed cash funds received nearly $89 …