Bloomberg United Airlines Holdings Inc posted a narrower loss than analysts had expected as a dip in demand from a summer surge in the coronavirus delta variant proved fleeting. The carrier lost $1.02 per share, or $300 million, in the third quarter on an adjusted pretax basis, better than the $1.61 loss analysts had estimated, according to figures compiled by ...
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India opens inflight data market to UK’s Inmarsat
Bloomberg British satellite operator Inmarsat Holdings Ltd said it’s the first foreign operator to get India’s approval to sell high-speed broadband to planes and shipping vessels. Inmarsat will access the market via Indian state-owned telecommunications company Bharat Sanchar Nigam Ltd, after BSNL received a license from India’s Department of Telecommunications, the London-based company said. A representative for the Indian government ...
Read More »Russia urges major foreign aid for Taliban-ruled Afghanistan
Bloomberg Russia called for major international aid to help the Taliban control the situation in Afghanistan on Wednesday as it hosted the radical movement for the first time since the chaotic US withdrawal in August brought it to power. It’s time to “mobilise the resources of the international community to provide Kabul with effective financial, economic and humanitarian help,†said ...
Read More »Kering shares fall after Gucci growth slows
Bloomberg Kering SA shares tumbled after slowing growth at Gucci, its biggest brand, put more pressure on the label’s new collection to deliver a strong holiday season. Comparable sales at the Italian brand rose 3.8% in the third quarter from a year earlier, Kering said in a statement. Analysts had forecast a 9.3% increase. The performance suffered from virus restrictions, ...
Read More »Blinken calls Venezuela move to leave Mexico talks ‘unfortunate’
Bloomberg Secretary of State Antony Blinken called Venezuela’s decision to withdraw from talks with the political opposition “deeply unfortunate,†saying the move showed how President Nicolas Maduro put his own interests ahead of his country’s. Speaking at a news conference in Quito, Ecuador, Blinken said the extradition of Colombian businessman Alex Saab, an ally of Maduro’s, had been “going on ...
Read More »Merkel’s final weeks marked by fears EU is picking a bad fight
Bloomberg Angela Merkel is worried that some European Union leaders and lawmakers are thrusting the EU into a fight with Poland that leaves no room for compromise and could end in disaster. In her final weeks in the job, the German chancellor has publicly warned in her own carefully couched and diplomatic way about the EU’s tactics in the confrontation. ...
Read More »China promotes US-sanctioned official
Bloomberg China has promoted a Xinjiang official sanctioned by the US in its biggest personnel reshuffle in years, as President Xi Jinping prepares to kick off a year of politicking inside the ruling Communist Party. Wang Junzheng, 58, was given the top party position in Tibet, the official Xinhua News Agency reported, promoted from party chief of a powerful economic ...
Read More »French ‘pundit’ poses with gun, echoes populist leaders
Bloomberg A far-right media pundit who talks about arming citizens and is cementing his position as a main contender for France’s upcoming presidential election demonstrated a love for guns at a trade fair in Paris. Eric Zemmour on Wednesday visited the Milipol International Exhibition, which is promoted as a leading event for homeland security and safety. At one stand, Zemmour ...
Read More »UK tries to juice UN climate talks with its net-zero plan
Bloomberg Days before it hosts United Nations negotiations over how to ramp up the global fight against climate change, the UK released a sweeping plan to decarbonize its economy by targeting everything from the finance industry to home heating. The masterplan will give British politicians something to tout as they put pressure on other nations to raise their green ambitions ...
Read More »Poland threatens to block EUclimate talks over funds
Bloomberg Poland threatened to stonewall talks on the European Union’s climate pact unless it receives access to the bloc’s recovery package, raising the stakes of a meeting of the bloc’s leaders on Thursday. Coal-dependent Poland seeks to gain some leverage over the EU by linking further talks on cutting greenhouse gas emissions to tapping billions of euros in pandemic recovery ...
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