Bloomberg Thailand’s cabinet on Tuesday approved a bid by a consortium led by BTS Group Holdings Pcl for an airport development project worth 290 billion baht ($9 billion). The project will add a third passenger terminal at the U-Tapao International Airport near Pattaya, which in normal times is a tourist hot-spot, and develop other facilities like air cargo and aviation ...

Bloomberg Air Mauritius administrators are running out of time to save the airline as recurrent expenses pile up, costs of servicing leases for new aircraft accumulate and unions fail to give constructive proposals on job cuts. By the end of March 2021, cumulative losses could reach 9 billion rupees ($225 million) if costs are not cut in the short term, ...

Bloomberg Hong Kong’s retail activity extended a decline in April as the coronavirus pandemic continued to constrain global travel. The city’s retail sales by value fell 36.1% from year-ago levels to HK$24.1 billion ($3.1 billion), for a 15th consecutive monthly decline, according to a government release. That’s ahead of the median economists’ forecast for a 40% slump, according to data ...

Bloomberg President Donald Trump threatened to deploy the US military to end “riots and lawlessness” across the country in a Rose Garden address punctuated by the sound of explosions as federal officers dispersed peaceful demonstrators just outside the White House gates. Trump called on governors and mayors to “dominate the streets” and announced that he was sending thousands of heavily ...

Bloomberg Hong Kong’s leader blasted the US for “double standards” in the way it handles protests after the Trump administration vocally supported sometimes-violent demonstrations in the Asian financial hub. “Look at how the local governments handle chaos in the US and what stance they took on a similar level of chaos in Hong Kong last year,” Chief Executive Carrie Lam ...

Bloomberg The judge overseeing Michael Flynn’s prosecution called the Justice Department’s (DOJ) attempt to drop its case against President Donald Trump’s former national security advisor “unprecedented” and asked a federal appeals court not to short-circuit his inquiry into the government’s actions. US District Judge Emmet Sullivan in Washington said in a court-mandated brief that the unusual developments give him a ...

Bloomberg Tokyo saw a spike in coronavirus cases with 34 new infections confirmed on Tuesday, the most in a single day in more than three weeks, with the local government reportedly planning to issue an alert to residents to exercise extra caution. The step could lead to businesses in the capital again being asked to close their doors if a ...

Bloomberg Boris Johnson plans to re-set his government’s agenda with a major speech and a financial statement to prepare the UK for the new reality after the coronavirus pandemic. Amid forecasts of the worst recession in 300 years, Chancellor of the Exchequer Rishi Sunak is drawing up options to bolster the economy after the government withdraws its vast package of ...

Bloomberg Argentina’s most recent debt restructuring proposal would restore debt sustainability and there’s little room to further increase payments to private creditors, according to the International Monetary Fund (IMF). “There is only limited scope to increase payments to private creditors and still meet the debt and debt service thresholds,” the IMF said in a two-page statement published. “Argentine authorities’ revised ...

Bloomberg Companies in Germany used government support to compensate lost wages for a record 7.3 million employees in May, according to the Ifo Institute. A state scheme designed to prevent widespread dismissals initially saw applications for more than 10 million workers in March and April. As companies fought to survive the economic fallout from the pandemic, 72% of their staff ...