Bloomberg Air France-KLM has won shareholder support for a capital increase, and will go ahead when its stock price allows it, French newspaper Les Echos reported without saying how it obtained the information. The recapitalisation will take place in the next few months, with main shareholders including the French state, as well as the Netherlands, Delta Airlines and China ...

  Bloomberg Kuwait Airways restructured its order with Airbus SE, adding longer-distance single-aisle aircraft while reducing a commitment to the largest jetliners as it adapts to post-Covid demand. The loss-making airline added three A321LR narrowbodies, which will be used to serve mid-size destinations such as Manchester, England, from Kuwait. It also upscaled six A320neos to the bigger A321neo model, Chairman ...

  Bloomberg One of the last air links between two key Asian financial hubs has been severed, with Hong Kong banning Singapore Airlines Ltd’s budget carrier Scoot from flying to the city for two weeks after passengers tested positive for Covid on arrival. KLM Royal Dutch Airlines services from Amsterdam are also prohibited from February 21 to March 6, Hong ...

  Bloomberg Singapore Airlines Ltd’s budget carrier Scoot has stopped accepting bookings to Hong Kong until March 7, signalling it is the latest airline to be banned from flying to the city for two weeks. The move severs one of the last air links between the Asian financial hubs, with a service by Cathay Pacific Ltd’s HK Express unit the ...

Bloomberg Workman Co, a Japanese retailer specialising in blue-collar work wear, will open a store in Tokyo’s upscale Ginza district in April as part of its expansion into women’s fashion, Nikkei reported Tuesday. Workman, founded in 1979, operates a chain of stores selling protective gear for factory and construction site workers. Its simple waterproof jackets and thermals gained a following ...

  Bloomberg Indonesia’s central bank may start next year to sell the government bonds it bought as part of a $58 billion debt monetisation that supported stimulus spending during the pandemic. “We will discuss the possibilities later but based on the information that we have now, it is likely that we will roll back our government bond holding starting next ...

  Bloomberg India’s central bank will enter into sell-buy swaps worth $5 billion with banks to elongate the maturity profile of its forward dollar book. The 2-year USD/INR sell-buy swap auction will be held on March 8, the Reserve Bank of India (RBI) said. This will enable access to a wider set of market participants and smoothen receivables relating to forward ...

  Bloomberg Deutsche Bank AG has warned its employees not to delete WhatsApp messages from their phones as part of moves by the German lender to clamp down on private communication channels. The Frankfurt-based bank earlier this year sent a memo to staff warning them that any business-related messages going through private channels mustn’t be deleted as the act could ...

  Bloomberg CDC Group, the UK’s development-finance arm, will provide a $100 million credit facility to First Bank of Nigeria Ltd. to help support women-owned businesses and small companies in Africa’s largest economy. The funding will “address the challenge of limited access to capital faced by under-banked and underserved groups in the country,” the firm said. A minimum of $30 ...

  Bloomberg British bank NatWest Group Plc plans to start paying its management cash bonuses, warning that compensation levels are falling “too far” behind competitors. The UK’s biggest corporate lender is seeking to introduce annual bonuses plus restricted share plan awards to replace the current long-term incentive program, the bank said in its annual report. The changes, which are subject ...