RIYADH / WAM The Coalition Forces to Restore Legitimacy in Yemen on Saturday morning intercepted and destroyed two bomb-laden UAVs launched “systematically and deliberately” by the terrorist Houthi militia to target civilians and civilian objects in Khamis Mushait and Jazan. The Saudi Press Agency quoted Spokesperson Col. Turki Al Maliki as saying that these are the 7th and 8th bomb-laden …

Bloomberg The European Union (EU) and the US agreed to suspend tariffs on billions of dollars of each other’s products, easing a 17-year transatlantic dispute over illegal aid to the world’s biggest aircraft makers. President Joe Biden and European Commission President Ursula von der Leyen agreed to the move on a call, the commission said in a statement. “This suspension …

Bloomberg Malaysian budget airline AirAsia Group Bhd. said it is seeking to launch a flying-taxi business as soon as next year. “We are working on that right now,” Tony Fernandes, the company’s chief executive officer and co-founder, said. “I think we are about a year and a half away from launching.” Fernandes was speaking in an online discussion as part …

Bloomberg Airline executives and directors sold $49.9 million of stock in February, the most in three years, as industry shares posted a record rally fuelled by a widening vaccination effort. The top individual sellers were at Allegiant Travel Co. and Southwest Airlines Co., two leisure-focused carriers that are among analyst picks to benefit from a rebound in vacation travel as …

Bloomberg British Airways, United Airlines Holdings Inc. and Singapore Airlines Ltd. were among carriers affected by a cyberattack that hit the Star and Oneworld alliances, exposing some loyalty-program member information. Sita Passenger Service System Inc.’s processing services were hit by a “highly sophisticated but limited” breach that targeted personal data stored on servers at its data center in Atlanta, the …

Bloomberg Boeing Co. Chief Executive Officer Dave Calhoun got total compensation of $21 million last year, but his take-home pay was a small fraction of that as the planemaker slogged through a deep crisis caused by the coronavirus pandemic. When Covid-19 sent the aviation industry into the sharpest decline on record last March, Calhoun waived his salary for the rest …

Bloomberg Fix Price’s initial public offering in London and Moscow raised $1.7 billion, on track to be the biggest listing from a Russian company in more than a decade, possibly prompting more share sales from local issuers. Russia’s largest dollar-store chain priced 178 million global depositary receipts, representing one ordinary share each, at the top end of an initial $8.75 …

Bloomberg UK house prices rose unexpectedly in February, continuing a surge fueled by a temporary tax relief on purchases and Covid-induced shifts in people’s lifestyles. Values increased 0.7% from January to an average of 231,068 pounds ($321,000), Nationwide Building Society said. They climbed 6.9% from a year ago, accelerating from the 6.4% pace registered a month earlier. Housing boomed last …

Bloomberg Swedish house prices soared to the highest level ever recorded, as a growing number of people make use of unprecedented central bank stimulus to upgrade into bigger homes. “From a credit perspective, one can only conclude that the market has been gripped by hysteria, which is connected to central banks pumping money into the system,” said Carl Johan Lagercrantz, …

Bloomberg Google is under growing pressure to pay for information that, for two decades, the search provider snipped from the web — and made a mint from — without paying a penny. Australian and French efforts to force Google to compensate news publishers are only the latest examples of a trend spanning the globe. Canada is considering a similar requirement …