Bloomberg China is finally reaching the finish line in its long-delayed attempt to build a jet capable of competing with narrowbody planes from Airbus SE and Boeing Co, according to the state-owned company in charge of the program. Commercial Aircraft Corp of China (Comac) will deliver its first C919 single-aisle jet by the end of the year, Communist Party-backed newspaper ...

Bloomberg Air Canada dropped 6.2%, the most since December 21, as the Canadian government considers tougher measures to limit travel into the country because of new variants of Covid-19. Prime Minister Justin Trudeau and members of his cabinet have talked openly about tightening rules to discourage international trips. The country requires anyone boarding a flight to Canada to have a ...

Bloomberg Online greeting-card retailer Moonpig Group Plc and its shareholders plan to raise as much as 384 million pounds ($524 million) in an initial public offering in London, part of a rush of European companies looking to capitalise on robust stock markets and pandemic-fuelled sales growth. Moonpig is marketing as many as 113 million shares at 310 pence to 350 ...

Bloomberg Former President Donald Trump has opened an office to “advance the interests of the United States and to carry on the agenda” of his administration, according to a statement. The ex-president’s former campaign manager, Brad Parscale, created a new email distribution system via one of his private companies for Trump’s statements because the 2020 campaign’s email infrastructure has been ...

Bloomberg Italian Prime Minister Giuseppe Conte resigned after losing his Senate majority, plunging the country into political uncertainty just as it’s battling the pandemic and a recession. Weakened by the defection of a junior partner, Conte offered his resignation to President Sergio Mattarella on Tuesday, according to a statement from the president’s office. The head of state, who oversees attempts ...

Bloomberg New Zealand is likely to keep its border closed to the world through most of 2021 amid uncertainty over the rollout of Covid-19 vaccines, Prime Minister Jacinda Ardern said. “We can expect our borders to be impacted for much of this year,” Ardern told a news conference on Tuesday in Wellington. “We will continue to pursue travel bubbles with ...

Bloomberg Thousands of Indian farmers on Tuesday escalated protests to revoke controversial agricultural laws, clashing with police and storming key landmarks in New Delhi to pressure Prime Minister Narendra Modi. The farmers, who have camped at various border points around the capital for two months, had permission to demonstrate after the completion of an annual military parade to mark Republic ...

Bloomberg UBS Group AG plans to buy back as much as 4 billion francs ($4.5 billion) of shares over the next three years, bolstering shareholder returns after income from managing client assets and investment banking propelled gains at the world’s largest wealth manager. The lender is doubling the size of a previous repurchase program and said it expects to buy ...

Bloomberg African Bank Holdings Ltd. reported a full-year loss a day after announcing the unexpected resignation of Basani Maluleke, the only Black women to lead one of South Africa’s top banks. The unsecured lender swung to a 560 million-rand ($37 million) loss in the 12 months through September, compared with a year-earlier profit of 267 million rand, Johannesburg-based African Bank ...

Bloomberg The People’s Bank of China (PBOC) will seek to balance supporting economic growth and curbing emerging risks, Governor Yi Gang said, signalling a continuation of the central bank’s existing policy stance. “Going forward, China’s monetary policy will, on one hand, adjust to new economic developments in a timely manner, and on the other hand maintain policy stability to avoid ...