Bloomberg Comair, the South African partner of British Airways and owner of low-cost carrier Kulula, is on the brink of collapse after administrators were unable to raise the funds needed to resume flying. The operator of about 40% of domestic air trips in South Africa has been battling with high fuel prices, the aftermath of coronavirus travel bans and ...

  Bloomberg A quarter of flights were cancelled and two runways shut by a strike at Paris-Charles de Gaulle airport, the latest upheaval to hit the European transport industry struggling to meet higher demand for travel. The walkout by a broad range of employees at the French capital’s international hub is also expected to cause delays for passengers whose flights ...

  Bloomberg US and Chinese defense officials said they planned further talks after Defense Secretary Lloyd Austin and his counterpart sparred over Taiwan and other regional security issues for almost an hour. Both sides emerged from the first in-person encounter between Austin and Chinese Defense Minister Wei Fenghe in Singapore citing plans for additional discussions. A Chinese military spokesman described ...

  Bloomberg Ivanka Trump, the daughter of Donald Trump and a former White House adviser, said she accepted that there was no evidence of fraud and that her father had lost the 2020 election. A clip of her testimony was played during the House hearing on the January 6 attack on the Capitol. She was asked in a deposition what ...

  Bloomberg President Jair Bolsonaro said he fears the worst may have happened to a British journalist and an expert on indigenous peoples who went missing four days ago in the Brazilian Amazon after receiving threats. Brazilian authorities have been searching for Dom Phillips, a regular contributor to the Guardian newspaper, and Bruno Araujo Pereira since they disappeared during a ...

Bloomberg Japanese Prime Minister Fumio Kishida vowed his country would expand its security role in Asia, and seek to bolster the rules-based order in a speech at an international security forum in Singapore. In the first keynote presentation by a Japanese premier at the IISS Shangri-La Dialogue in eight years, Kishida said he would lay out a “Free and Open ...

  Bloomberg A Chinese-Canadian tycoon who was seized at a Hong Kong hotel five years ago and has lost much of his sprawling business empire to the Chinese government is about to go on trial, the Wall Street Journal reported. Prosecutors in Shanghai plan to charge Xiao Jianhua with illegal collection of public deposits, the newspaper reported, citing people familiar ...

Bloomberg The UK is making last-minute tweaks to planned legislation to override a portion of its Brexit deal, as the European Union prepares to relaunch legal proceedings as part of the bloc’s response to the move. The EU has drawn up a draft statement to follow a UK move, emphasizing a calm response and reiterating the need to return to ...

  Bloomberg Credit Suisse Group AG is tapping the brakes on its China expansion, postponing its biggest mainland project, in a sign that weakness in Asia’s largest economy is prompting global banks to temper ambitious growth plans. The Zurich-based lender has delayed the targeted launch of its locally incorporated bank by a year to 2024, the second postponement since the ...

  Bloomberg Wells Fargo & Co shares declined after a report that the bank is the target of a criminal investigation into whether it violated federal law by conducting fake job interviews of minority candidates to satisfy in-house diversity guidelines. The San Francisco-based firm is being investigated by the civil-rights unit of the Manhattan US attorney’s office, the New York ...