Bloomberg Two top Boeing executives have told US government investigators that the design process for the 737 Max was not flawed, despite the plane suffering two fatal crashes, according to the Wall Street Journal. Keith Leverkuhn and Michael Teal, who oversaw the development of the aircraft, didn’t concede any procedural mistakes, according to the article, which cited transcripts of closed-door ...

Bloomberg A Colombian court temporarily blocked a $370 million government loan to Avianca Holdings SA after a citizen expressed concern about a lack of guarantees. The Cundinamarca Administrative Tribunal granted an injunction to suspend disbursement after a motion filed by a citizen against the Finance Ministry, the presidency and the airline said the loan, part of its debtor-in-possession financing, may ...

Bloomberg Thai Airways International Pcl, the nation’s flagship carrier, faces one of its biggest challenges in its 60-year history, with a local court set to rule on its debt restructuring on Monday. The Central Bankruptcy Court will decide whether the airline can proceed with its plan to rehabilitate its debt. The company, which had total liabilities of 332.2 billion baht ...

Bloomberg Authentic Brands Group LLC is in discussions to join a planned rescue of JC Penney Co, Business Insider reported, citing two people familiar with the matter. Mall landlords Simon Property Group Inc and Brookfield Property Partners LP agreed to buy the bankrupt department store in a deal valued at $1.75 billion. The people didn’t disclose whether Authentic Brands would ...

Bloomberg Financing to back the potential buyout of UK grocery firm Asda Group Ltd by a private equity sponsor could total just under four billion pounds ($5 billion), according to people familiar with the information. Three bidders are still involved in the process after final bids were submitted on Monday, Apollo Global Management, Lone Star Global Acquisitions Ltd, and TDR ...

Bloomberg Russian President Vladimir Putin is tightening his embrace of beleaguered ally Alexander Lukashenko as the Belarusian ruler intensifies a crackdown on month-long protests. Putin, who hosts Lukashenko for talks in Sochi on Monday, is determined opposition demonstrators won’t topple the Belarusian president, said five people close to the Kremlin, who asked not to be identified discussing internal policy. It’s ...

Bloomberg Ivory Coast opposition leader Henri Konan Bedie vowed to welcome back exiled citizens and free political prisoners should he be elected president of the world’s biggest cocoa producer in next month’s elections. “I pledge to take concrete and immediate measures for the unconditional return of all exiles,” he said to a packed rally of his Democratic Party of Ivory ...

Bloomberg Justice Secretary Robert Buckland warned he could quit over the UK government’s plan to break international law by overriding the Brexit divorce treaty, as EU leaders stepped up pressure on Prime Minister Boris Johnson. “If I see the rule of law being broken in a way I find unacceptable, then of course I will go,” Buckland said on BBC ...

Bloomberg Peru President Martin Vizcarra is pushing back on an impeachment attempt, asking the country’s top court to halt the process while accusing the head of congress of involving the military to oust him. Cabinet chief Walter Martos said the government will file a lawsuit on Monday at the Constitutional Court to halt the impeachment proceedings. In a televised address, ...

Bloomberg Tropical Storm Sally looks set to reach New Orleans and southeastern Louisiana stronger than earlier forecasts, bringing a dangerous storm surge, flooding rains and potentially causing up to $3 billion damage and losses. Louisiana’s governor declared a state of emergency as the state braces for its second large storm in a month. Sally has also sparked evacuations on some ...