Bloomberg The US envoy for North Korea said the Trump administration is ready to negotiate whenever Kim Jong-un’s regime is ready, effectively confirming that months of American efforts to bring the two sides back to denuclearisation talks have stalled. “We have made clear to North Korea we are prepared to engage as soon as we hear from them,” Stephen Biegun, ...

Bloomberg Mexican Foreign Affairs Minister Marcelo Ebrard said that the nation’s strategy to stop undocumented migrants in response to demands from US President Donald Trump is succeeding and that flows have been cut by 56 percent in three months. Ebrard, who will head to Washington for meetings at the White House on Tuesday, said that measures including the deployment of ...

Bloomberg Ukraine and Russia, one-time allies who’ve been locked in conflict since 2014, arranged a mass exchange of prisoners following long negotiations. 35 Ukrainians, including filmmaker Oleh Sentsov and 24 sailors, arrived home on Saturday from Russia, where they were kept in jails, some of them for years. Ukraine also released 35 prisoners, who have left for Russia. “We have ...

Bloomberg British Airways is preparing to cancel nearly all its flights on Monday and Tuesday after pilots vowed to strike following a breakdown in talks over a new contract, according to a person familiar with the matter. The UK carrier will scrap both short and long-haul destinations, said the person, who asked not be named because the information isn’t public. ...

Bloomberg Mitsubishi Aircraft Corp got a boost for its long-delayed SpaceJet regional aircraft, as Mesa Air Group Inc signed a pact to negotiate a potential 100-plane deal. The memorandum of understanding (MoU) calls for Mitsubishi and Mesa to discuss terms for a firm order of 50 SpaceJet M100 planes with purchase options for 50 more. Deliveries would begin in 2024, ...

Bloomberg UK citizens are learning to live with uncertainty surrounding Brexit and making travel plans without worrying too much about the future, according to the head of EasyJet Plc, Britain’s biggest low-cost airline. “If a situation continues for an extended period of time it becomes the new normal,” Chief Executive Officer Johan Lundgren said in a Bloomberg TV interview. “I ...

Bloomberg Louis Vuitton plans to add roughly 1,500 manufacturing jobs in France over the next three years, ramping up production to feed surging demand from China and other emerging economies. While the luxury label has opened factories in Italy, Spain and the US, Chief Executive Officer Michael Burke said it’s committed to keeping the majority of its supply chain in ...

Geneva / Emirates Business The International Air Transport Association (IATA) announced slowing global passenger demand growth for July. Total revenue passenger kilometres (RPKs) rose 3.6 percent, compared to the same month in 2018. This was down from 5.1 percent annual growth recorded in June. All regions posted traffic increases. Monthly capacity (available seat kilometres or ASKs) increased by 3.2 percent ...

Bloomberg Southeast Asian ride-hailing startup Grab Holdings Inc intends to invest $150 million in artificial intelligence (AI) and hiring more engineers over the next year, accelerating an expanding business that now includes food delivery, digital payments and digital content. Grab, in hot competition with local rival Gojek to become Southeast Asia’s do-it-all super app, outlined for the first time a ...

Bloomberg Singapore’s sovereign wealth fund, GIC Pte, is nearing a deal to buy a majority stake in Oxford Properties Group’s Fairmont portfolio, which consists of four of Canada’s most iconic hotels, according to people familiar with the matter. The talks are advanced and a deal could be announced in coming weeks, said the people, who asked not to be identified ...