Bloomberg Airlines in the world’s biggest carbon market will eventually have to pay for all the pollution from their planes as the European Union strengthens its climate policies under the Green Deal. A proposal by the European Commission includes a gradual phase out of emission allowances for carriers, and will be part of measures to be announced on July 14, ...

Bloomberg Chinese billionaire Zhang Jindong secured a $1.36 billion state-backed bailout for the troubled retail arm of his Suning empire, marking another step in Beijing’s efforts to clean up its heavily indebted conglomerates. A group of investors, led by the Nanjing state asset management committee and the Jiangsu provincial government, will take a 16.96% stake in Suning.com Co, according to ...

Bloomberg US investigators plan to begin scanning the sea bed off Hawaii in search of the wreckage of a Boeing Co 737-200 that went down after losing power in both its engines. Special sonar devices that can map the sea bed will be used to locate critical wreckage and the jet’s two crash-proof recorders, the National Transportation Safety Board (NTSB) ...

Bloomberg Krispy Kreme Inc’s shares rose in their first day of trading, giving the doughnut chain a much-needed lift a day after it was forced to downsize its initial public offering. The stock reversed an early decline and jumped 24% to $21 a share in New York. The Charlotte, North Carolina-based company, which is owned by investment firm JAB Holdings ...

Bloomberg Credit Suisse Group AG said it’s planning to introduce a work model that gives the bank employees in Switzerland “maximum flexibility,” joining global peers in making remote working arrangements more permanent. The approximately 13,000 employees of the universal bank in Switzerland will, depending on their role, be able to decide with their teams and line managers how much of ...

Bloomberg Nomura Holdings Inc has suspended coverage of dozens of companies following the departure of two highly ranked stock analysts in Tokyo, at a time when Japan’s biggest brokerage is seeking to reinforce research as part of its broader growth plans. Junko Yamamura and Yoshitaka Nagao, who covered leisure and amusement sector, and broadcasting and advertising industry, respectively, are no ...

Bloomberg The Bank of England (BOE) may cut the amount of miles staff can travel by air to hit increasingly stringent environmental targets. Sarah Breeden, the central bank’s executive sponsor for climate change, said that policy makers could be encouraged to swap overseas trips for virtual meetings even when pandemic restrictions ease. The UK central bank hit its climate target ...

Bloomberg New Zealand’s currency and short-dated bond yields surged after an upbeat business survey drove traders to bring forward rate-hike expectations, with markets now pricing a total unwind of pandemic-fuelled rate cuts by the end of 2022. The kiwi jumped 1.1%, while the benchmark 2024 bond yields gained as much as nine basis points on Tuesday to hit the highest ...

Bloomberg Goldman Sachs Group Inc is preparing to move its Japan headquarters into a new tower being built in Tokyo as the Wall Street firm adapts to office life after the pandemic. The US investment bank plans to relocate from the landmark Roppongi Hills complex owned by Mori Building Co into the developer’s tentatively named Toranomon Hills Station Tower sometime ...

Bloomberg Australia’s central bank (RBA) took the first steps towards dialing back its emergency stimulus for an economy that’s exceeded expectations, even as Governor Philip Lowe warned persistently weak inflation would likely see him trail global counterparts in raising interest rates. The Reserve Bank opted against extending its yield-target horizon beyond April 2024 and scaled back purchases of longer-dated bonds ...