Bloomberg When Boeing Co ended a long commercial drought last month by handing over 737 Max jets to two top customers, the transactions marked a little-noticed break with tradition. The planes were built in 2019 but recorded as 2020 models when they were delivered, having sat dormant during the longest jetliner grounding in US history. The seemingly innocuous distinction could ...

Bloomberg Virgin Atlantic Airways Ltd sold two Boeing Co 787 jetliners to fund the repayment of a loan from hedge fund Davidson Kempner Capital Management that formed the basis of a hard-won rescue last year. The planes were bought by Griffin Global Asset Management and Bain Capital Credit, Virgin Atlantic said in a statement. The sale and leaseback deal, which ...

Bloomberg The UK said it will close its travel corridors with countries around the world, meaning all visitors from overseas will require a negative coronavirus test within 72 hours of travel to enter Britain. Visitors may be checked when they arrive in the UK and could face substantial fines if they don’t comply, Prime Minister Boris Johnson said at a ...

Bloomberg Indonesian divers retrieved the battered casing of the cockpit voice recorder from the Sriwijaya Air jet that plunged into the Java Sea on January 9, but not the crucial memory unit containing its data. The computer chips that store a recording of pilot communications and ambient sounds in the cockpit broke loose from the so-called black box’s exterior, the ...

Bloomberg Digital brands looked headed for a reckoning a year ago, with bloated valuations, rising advertising costs and ever more competition. Then the Covid-19 pandemic hit the US and gave a giant gift to brands that mainly sell directly through the web. With their brick-and-mortar competition shuttered and the virus raging, Americans flocked online and loaded up on home goods, ...

Bloomberg Urban Outfitters Inc plummeted after reporting a tough holiday quarter and a planned exit for the CEO of its namesake brand. The retailer said in a statement that Trish Donnelly, chief executive officer for the Urban Outfitters chain, will depart at the end of the month for a new opportunity. Sheila Harrington, who already runs the Free People brand, ...

Bloomberg The week before Joe Biden’s inauguration, downtown Washington looks like a city preparing for war. A huge swath of the city core is blocked off, patrolled by uniformed National Guard forces as part of a build-up not seen since the Civil War. And the US capital is getting even more fortified as federal, state and local officials brace for ...

Bloomberg Ugandan President Yoweri Museveni coasted to victory in elections that were marred by a clampdown on opposition campaigning, extending his 35-year rule. Museveni won 58.6% of votes cast on January 14, according to results released on Saturday by the Electoral Commission of Uganda on state television. Pop star-turned-politician Bobi Wine, 38, whose real name is Robert Kyagulanyi and presented ...

Bloomberg Hong Kong’s government expressed its “utmost anger” towards a US decision to sanction six officials from the city and China, calling the move “insane, shameless and despicable.” The US is attempting to “intervene” in the internal affairs of China and Hong Kong, and “obstruct” their efforts to safeguard national security, the city’s government said in a statement on Saturday. ...

Bloomberg Australia joined allies including the US and the UK in raising concern about the use of products from China’s Xinjiang region in global supply chains. Local companies that source goods from the area need to properly check supply chain and suppliers, Foreign Minister Marise Payne was quoted as telling the Australian Financial Review in an interview. Governments are seeking ...