Bloomberg Royal Jordanian Airlines has reached an agreement with Airbus to introduce 20 new factory-built A320neo family aircraft to its fleet, replacing the 13 A320ceo currently in service, the airline’s CEO Samer Majali said in an emailed statement. The move is part of the airline’s plan to increase its total fleet size from 24 to over 40 aircraft in ...

  Bloomberg A Hong Kong-based airline backed by the failed Chinese conglomerate HNA Group Co. Ltd. aims to restructure HK$49 billion ($6.2 billion) of debt through UK and Hong Kong courts to stave off insolvency. Hong Kong Airlines is seeking court approval to convene meetings of its creditors and put forward its restructuring proposal, which would include a significant haircut ...

  Bloomberg The number of small and medium-sized British businesses selling over Amazon.com Inc.’s marketplace soared by more than 25% in 2021, faster than in Germany, France or Italy. Some 85,000 smaller UK enterprises now sell on Amazon, responsible for more than 950 million product sales — or 1,750 per minute, the Seattle-based tech giant said in a statement. More ...

  Bloomberg Australian retail sales climbed for an eighth straight month in August, indicating the nation’s cashed-up households are coping well with rapid interest-rate increases to tackle escalating inflation. Sales advanced 0.6% from July, exceeding economists’ forecasts for a 0.4% gain, Australian Bureau of Statistics data showed. Retailers have posted higher sales every month this year. The rise was driven ...

  Bloomberg Traveloka has secured $300 million in new financing from investors including BlackRock Inc., as Southeast Asia’s biggest online travel startup counts on a post-Covid rebound to expand in the region. The Jakarta-based company said in a statement it struck a deal for financing with investors including Allianz Global Investors and the Indonesia Investment Authority. The size of the ...

  Bloomberg China’s financial regulators told the nation’s biggest state-owned banks to extend at least 600 billion yuan ($85 billion) of net financing to the embattled property sector in the final four months of this year, according to people familiar with the matter, in their latest attempt to address a deepening liquidity crisis. The People’s Bank of China (PBOC) and ...

  Bloomberg Kwasi Kwarteng signed off on £100 billion ($113 billion) of bond buying by the Bank of England (BOE) as the market fall into turmoil last week, higher than the size of the plan announced by the central bank and an indication of the level of concern among officials about volatility in the gilt markets. The BOE took emergency ...

Bloomberg HSBC Holdings Plc is exploring a sale of its operations in Canada, the latest move to streamline the lender that is seeking to head off a call by its largest shareholder to split up. A potential sale of HSBC’s 100% equity stake in HSBC Bank Canada is among the options being explored, the lender said in a statement. The ...

  Bloomberg Credit Suisse Group AG is struggling to halt departures from its private bank in Hong Kong, with more recent resignations amid the turmoil at the Swiss lender. Luke Chiu, a managing director and China market leader has resigned from the bank. Nelson Hui, a director and team leader for China has also resigned, along with two relationship managers. ...

  Bloomberg Standard Chartered Plc has told shareholders it should have given them a better explanation of how it cut the pay of staff after it was hit with a fine from UK regulators over an error that led to the bank overestimating its access to US dollar funding. Responding to a backlash at a May shareholder meeting where a ...