Bloomberg Madrid’s international airport was ready to resume outbound operation after heavy snowfall covered the Spanish capital and much of the rest of the country prompting its closing, Transport Minister Jose Luis Abalos said. A full reopening is going to be “gradual” as airlines cancelled almost all their flights and are now reorganising their schedule, he said. Spain’s biggest hub ...

Bloomberg More than two-fifths of the global population would be willing to fly less even after pandemic restrictions ease, according to a survey that shows a growing belief that individual actions impact the climate. The poll of more than 30,000 people published on Monday by the European Investment Bank (EIB) shows 72% of Europeans and Americans and 84% of Chinese ...

Bloomberg Marks & Spencer (M&S) Group warned that sales will suffer from the UK’s new lockdown and as Brexit complicates doing business in countries such as Ireland. Fiscal third quarter like-for-like sales fell by 7.6%, as weaker clothing and homewares revenue offset a stronger performance in food. The company said products exported to countries such as Ireland are facing red ...

Bloomberg The Trump administration’s final days are proving as confounding as ever for companies and investors stuck in the middle of an increasingly contentious US-China relationship. After a week of widespread confusion over the scope of a US ban on investments in businesses linked to China’s military, both Washington and Beijing took steps over the weekend that threaten to further ...

Bloomberg The US has classified Yemen’s Houthis as a foreign terrorist organisation following a series of attacks on oil tankers in the Red Sea and as Washington seeks to increase pressure on Iran in the final days of Donald Trump’s presidency. The move will give the US “additional tools” with which to counter security threats in the Persian Gulf, according ...

Bloomberg First lady Melania Trump said on Monday she was “disappointed and disheartened” by the violent attack on the US Capitol last week and called for healing. “Make no mistake about it, I absolutely condemn the violence that has occurred on our Nation’s Capitol. Violence is never acceptable,” she said in a statement released by the White House. Trump called ...

Bloomberg North Korea appeared to stage a military parade as part of a grand party congress that laid out the scale of the challenge US President-elect Joe Biden faces to rein in Kim Jong Un’s nuclear program. There were signs that North Korea held a parade late Sunday evening, the South Korean Joint Chiefs of Staff said Monday, in what ...

Bloomberg China said that a World Health Organisation (WHO) team of experts will arrive this week to investigate the origins of the coronavirus, after the country was criticised by the health body and other nations for a lack of transparency around tracking the pathogen’s source. The team of scientists will come to China from January 14, the National Health Commission said ...

Bloomberg India’s Supreme Court has said it proposes to put three controversial farm laws on hold, a move that could possibly end the stalemate between Prime Minister Narendra Modi’s administration and tens of thousands of farmers protesting for nearly three months now. A three-judge bench headed by Chief Justice of India Sharad A. Bobde said on Monday that a final ...

Bloomberg Britain is significantly less attractive as an international business location because of Brexit but remains well positioned compared with other major economies, according to a German study. The UK slipped behind the US to second place in the latest ranking published by Germany’s Foundation for Family Businesses, though it remains ahead of the rest of its Group of Seven ...