Bloomberg The hedge fund Citadel Advisors, United Airlines and a Salvadoran air mogul are among investors offering loans as part of Latin American airline Avianca Holdings’s $2 billion bankruptcy financing plan, according to court documents. The companies, which were stakeholders in the carrier before it filed for Chapter 11 protection in May, would help provide about $722 million in loans. ...

Bloomberg Walmart Inc will recruit more than 20,000 workers ahead of the US holidays to prepare for an expected surge in online shopping amid the pandemic, its first large seasonal hiring in five years. The world’s biggest retailer is readying itself for a holiday e-commerce battle with Amazon.com Inc by bringing on more seasonal staff to handle online orders at ...

Bloomberg Nike Inc rallied in late trading after the world’s largest sportswear maker returned to profit and posted far better revenue than predicted, a sign it’s swiftly bouncing back from the pandemic slump. Revenue amounted to $10.6 billion in its fiscal first quarter, Nike said, compared with the $9.11 billion estimate of analysts. The company posted 95 cents a share ...

Bloomberg Rolls-Royce Holdings Plc fell to its lowest in 17 years after detailing a plan to raise as much as 2.5 billion pounds ($3.2 billion) to brace against a drought in demand for aircraft engines. Shares of the UK company slid for a fifth straight session on September 21, dropping as much as 12% after saying two days earlier it’s ...

Bloomberg Transat AT Inc, hit hard by the coronavirus pandemic, dropped to an eight-year low as investors bet against a travel recovery and the completion of a takeover by Air Canada. Shares of Montreal-based Transat have slumped every trading day this month except one. The stock’s 13-session losing streak is its longest since 2008. Transat has lost about C$475 million ...

Bloomberg FedEx Corp is looking at using small self-flying cargo planes to serve remote areas after experimenting with a technology startup on autonomous aircraft, said Chief Executive Officer Fred Smith. The effort builds on the courier’s work with Silicon Valley’s Reliable Robotics, which was founded by veterans of Elon Musk’s Space Exploration Technologies Corp. With approval from the US Federal ...

Bloomberg Russia’s increased presence in Belarus, where it’s helping strongman President Alexander Lukashenko retain power amid a wave of demonstrations, is putting nearby countries on alert. One is Estonia, which like its Baltic neighbours has been edgy since Vladimir Putin annexed Crimea from Ukraine in 2014 and backed a war on the two former allies’ border. More integration between Belarus ...

Bloomberg Malaysia appeared poised for a new round of political turmoil after opposition leader Anwar Ibrahim claimed to have enough support from lawmakers to form a government. Prime Minister Muhyiddin Yassin denounced the move and challenged Anwar to prove his assertion, while saying his administration remains firmly in control. Key members of his coalition signed a joint statement to reaffirm ...

Bloomberg After years of shifting the Philippines closer to China, President Rodrigo Duterte appears to be leaning back towards the US. The 75-year-old leader gave his most forceful defense yet of the Permanent Court of Arbitration’s 2016 ruling in favour of the Philippines that said Beijing’s expansive territorial claims in the South China Sea breached international law. Addressing the United ...

Bloomberg Kenya faces a historic decision to close parliament for failing to enact rules on fair gender representation in public bodies. Chief Justice David Maraga advised President Uhuru Kenyatta to dissolve the legislature after receiving six petitions on the matter. Lawmakers were supposed to have implemented the legislation by 2015, five years after Kenya adopted a new constitution that includes ...