Bloomberg Mexico’s aviation-safety ranking has been downgraded by the US, prohibiting an expansion of flights from the nation’s carriers to its northern neighbor. The move by the Federal Aviation Administration is a symbolic blow to Mexico at a time when it has become by far the biggest international market with the US and may force an end to business agreements …

Bloomberg The European Union’s air-safety regulator told airlines to avoid flying over Belarus, saying the diversion of a Ryanair Holdings Plc flight raised doubts about the Eastern European nation’s respect for international aviation rules. The safety bulletin issued by the European Union Aviation Safety Agency (EASA) unifies the region after several of its member states and the UK issued similar …

Bloomberg Marks & Spencer Group Plc shares jumped after the retailer said it expects to generate pretax profit of as much as 350 million pounds ($495 million) this fiscal year as it recovers from the pandemic and enters the next stage of its turnaround. The stock jumped as much as 7.4% in London, and is up about 22% since the …

Bloomberg Portuguese retailer Sonae SGPS SA was expected to open its first store without checkout staff in Lisbon on Wednesday, bringing an innovation pioneered by Amazon.com Inc to the European continent. Arrays of cameras and sensors track shoppers who are charged through an app as they pick groceries from the shelves at the Continente brand store. The technology was provided …

Bloomberg US airlines rose as the country’s three biggest carriers said a travel rebound is gaining steam, with United Airlines Holdings Inc and Delta Air Lines Inc heading for the highest closing price in about six weeks. The pace of recovery has been faster than expected, Delta President Glen Hauenstein said. United predicted it would turn a profit before certain …

Bloomberg US government officials monitoring the airways say they won’t tolerate passengers who refuse to don masks as airline travel surges ahead of the summer season. A recent spike in unruly passenger reports, many of them involving people refusing to cover their faces, prompted Homeland Security Secretary Alejandro Mayorkas to issue a stern warning to travellers. “Let me be clear …

Bloomberg Goldman Sachs Group Inc received approval from Chinese regulators to set up a wealth management joint venture (JV) in the world’s second-largest economy to go after an asset pool it estimated will surpass $70 trillion by the end of this decade. Goldman Sachs Asset Management will hold 51% in the venture, while wealth arm of Industrial & Commercial Bank of …

Bloomberg China’s yuan advanced to a three-year high in onshore markets as the central bank signaled that it’s comfortable with a recent rally by setting a strong daily reference rate. The currency gained as much as 0.3% to 6.3913 per dollar in onshore markets, the highest since June 2018, while rising 0.4% offshore. The People’s Bank of China set its …

Bloomberg Indonesia’s central bank left its key interest rate unchanged for a third straight month, pledging to rely primarily on liquidity tools amid signs of a tentative recovery in Southeast Asia’s largest economy. Bank Indonesia held the seven-day reverse repurchase rate at 3.5%, as all 29 economists in a Bloomberg survey predicted. The central bank has cut the policy rate …

Bloomberg Investors will scrutinise forecast upgrades expected from the Bank of Korea (BOK) for hints about when the bank is likely to end its run of record-low interest rates. South Korea’s central bank is seen raising its growth and inflation projections significantly at its Thursday meeting after recent economic data beat expectations. Still, analysts see the bank holding its key …