Bloomberg China stocks appear to be staging a revival, notching their best two-day run since February on expectations that Beijing will likely maintain its policy support for an economic recovery that’s losing steam. The CSI 300 Index closed 1.5% higher, extending gains to 3.9%. The benchmark traded up to session highs following official monthly data showing that economic activity moderated …

Bloomberg Abu Dhabi’s main stock index rises to a record, even amid heightened tensions in the region, as the benchmark’s biggest member surged on hopes of foreign inflows. The ADX General Index climbed 3.5% at the close on Sunday, after earlier gaining as much as 3.8%, boosted by gains for First Abu Dhabi Bank (FAB), the biggest lender in the …

Bloomberg India’s oil demand worsened in first half of May as large parts of the nation remained under local lockdowns to battle the world’s worst outbreak of Covid-19. Sales of road transport fuels during May 1-15 dropped by a fifth from previous month and about 28% from same period in 2019, according to people familiar with preliminary data from country’s …

Bloomberg Cairn Energy Plc is dragging the unprofitable, state-owned carrier Air India Ltd to a US court to seek payment of an arbitration award from the South Asian nation as part of a long-running tax dispute, according to a filing. The energy company, which last year won an arbitration award for $1.2 billion plus interest, is asking a court in …

Bloomberg Philippine Airlines Inc has been in talks with its aircraft lessors about reducing its fleet size and returning some planes as part of a restructuring process, President Gilbert Santa Maria said in an interview with CNN Philippines. The carrier is stepping up cargo operations and flying to new destinations, particularly to the Pacific region, to generate revenue, Santa Maria …

Bloomberg EasyJet Plc has hired headhunters to find a successor for its chairman, John Barton, with the aim of having a candidate in place by next year’s annual general meeting, Sky News reported, citing the company. The low-cost airline is working with Lygon Group to replace Barton, who’s preparing to step down. He’ll have served nine years in May 2022, …

Bloomberg Amazon.com Inc will hire 10,000 more people in the UK, taking its total headcount in the country to 55,000 by the end of 2021 and making the ecommerce giant one of few big employers adding jobs during the pandemic. It comes a day after the world’s largest online retailer said it’s hiring 75,000 workers for its sprawling North American …

Bloomberg Walmart Inc said fully vaccinated staff and customers can now leave their masks at home, a decision that could influence how other businesses respond to the latest government guidance. The nation’s biggest private employer said fully vaccinated staff need not wear a mask at work starting from May 18, the same day the retailer reports first-quarter results. The rule …

Bloomberg Cereal giant General Mills Inc continued its push into what it calls the “humanisation of pets” with a $1.2 billion deal to buy a division from Tyson Foods Inc that sells treats under brands like Nudges and Top Chews. The division, started in 2011, tallied more than $240 million in revenue over the past 12 months through April 3, …

Bloomberg Barclays Plc has been hit by a string of departures among senior credit traders in New York and London unhappy that their bonuses failed to reflect the pandemic profit surge. The bank has offered promotions to some employees and given assurances over future pay in an attempt to address their concerns, according to people familiar with the matter, who …