In scenes reminiscent of a Cold War prisoner swap, a senior executive at Huawei Technologies Co was released, just as China allowed two Canadians to return home after 1,000 days in jail. The exchange will be hailed as a victory both in Ottawa and Beijing. But the political maneuvering required to orchestrate this deal undermines Huawei’s claims of independence from ...

It’s hard to imagine UK Labour leader Keir Starmer mocking the French as Boris Johnson did. But while metropolitan commentators sniffed at the prime minister ribbing an ally, most British voters laughed along. Starmer clearly has a Boris-shaped problem on his hands, which he’ll have to address as he rallies the UK’s opposition party at its annual conference in Brighton. ...

Bloomberg Southwest Airlines Co is deploying new hiring tactics, including on-the-spot interviews and instant job offers for ramp workers at Denver International Airport, in an effort to entice entry-level workers in a highly competitive US labour market. Southwest’s latest recruiting strategy comes as it battles nationwide with companies across a variety of industries to find workers for the 5,000 jobs ...

Bloomberg The reopening of transatlantic flights to the US is “great news” for Paris, but it won’t bring air traffic back to where it was before the pandemic, according to the operator of the city’s airports. Paris serves as a hub to connect various continents, and “as long as Asia is closed, notably China,” all incoming traffic to Paris that ...

Bloomberg Amazon.com Inc’s Whole Foods Market is implementing a grocery delivery fee across the US, rolling back a perk the retailer had offered for paying Prime members since it began offering home delivery from the organic grocer. Shoppers who want home delivery from Whole Foods will be charged a $9.95 service fee on their orders beginning from October 25, a ...

Bloomberg American Airlines Group Inc pilots’ union called for the removal of flight operations managers, citing years of poor performance including delays that forced the carrier to trim its schedule this summer. “Throughout the summer of 2021, middle management chose to advance cancel hundreds of flights disrupting thousands of travel plans while at the same time damaging the American Airlines ...

Bloomberg China’s central bank continued to pump liquidity into the financial system as policy makers sought to avoid contagion stemming from China Evergrande Group spreading to domestic markets. The People’s Bank of China (PBOC) has injected a net 460 billion yuan ($71 billion) of short-term cash into the banking system in the past five working days, including 70 billion yuan. ...

Bloomberg Deutsche Bank AG’s next strategy will consider themes such as growth in Asia, and it may include acquisitions, Chief Executive Officer Christian Sewing said, in the first indication of his vision beyond the current turnaround strategy. Sustainability and providing risk management solutions to companies are other topics the lender is looking at as it starts planning for the future, ...

Bloomberg Traders are seeing hints that India’s central bank is seeking to drain record liquidity from the banking system, another sign that the global flood of pandemic-era easy money may begin to ease. The Reserve Bank of India (RBI) is increasingly shifting its forex intervention to the forwards market to keep from injecting rupee liquidity, according to traders and economists, ...

Bloomberg Barclays Plc was sued for $326 million for its alleged involvement in a derivatives debacle that nearly put a Dutch affordable-housing provider out of business. Stichting Vestia came close to collapse in 2012, after racking up more than 2 billion euros in losses after derivatives that were supposed to be part of a hedging strategy were found to be ...