Bloomberg Passengers boarding a trans-Pacific flight from Auckland to New York evening had no idea of the rude awakening that awaited them: a 16-hour ordeal that saw them back at square one. Air New Zealand Ltd Flight NZ2 should have touched down at John F Kennedy International Airport Terminal 1, but a power outage threw operations into disarray, affecting ...

  Bloomberg Terminal 1 at New York’s John F Kennedy International Airport reopened with limited operations, two days after a power outage forced flight delays and diversions. Normal flight operations will resume as scheduled on Sunday, the Port Authority of New York and New Jersey said. “Necessary electrical repairs were completed in JFK Terminal 1 overnight and full power has ...

Bloomberg The UK Treasury is expected to post the largest budget deficit for any January in at least 25 years, tying the hands of Chancellor Jeremy Hunt as he faces calls to cut taxes and boost public-sector pay. In normal times, January delivers a bumper surplus as workers and companies settle their tax bills. But this year, spending is being ...

  Bloomberg SpaceX is facing a $175,000 fine from the Federal Aviation Administration (FAA) for failing to provide proper advance data about an August 2022 Starlink launch and its potential for collision with debris in orbit. “SpaceX was required to submit the data to the agency at least seven days prior to an attempted launch,” the FAA said in a ...

  Bloomberg Renault SA’s Alpine is once again in the run for a Formula 1 championship this season but with a much bigger prize in mind than just gaining a few podiums. It’s seeking women drivers. The brand, which finished fourth last year in the constructors championship, is boosting investments to develop female talent in professional racing, a male-only realm ...

Bloomberg Tesla Inc has been weighing a takeover of battery-metals miner Sigma Lithium Corp, people with knowledge of the matter said, amid rampant demand for the metal used in electric vehicle batteries. The EV maker run by Elon Musk has been speaking with potential advisers about a bid, said the people, who asked not to be identified discussing confidential information. ...

  Bloomberg Formula 1 “will never switch to electric,” Stefano Domenicali, president and chief executive officer of the motor sport group, said in an interview published by Italian newspaper Il Sole 24 Ore. To help lower emissions, F1 is developing a zero-emission petrol that “could be used by planes and vessels” as well, Domenicali said. The successor of Bernie Ecclestone ...

  Bloomberg Abbott Laboratories is facing another probe into its role in last year’s baby formula shortage that left millions of American families scrambling for vital nutrition products. Last month, Abbott received a civil investigative demand from the US Federal Trade Commission seeking information in connection with its probe of companies that participate in bids for formula contracts, according to ...

Bloomberg The US held aerial drills with South Korea and Japan in a show of force a day after North Korea’s intercontinental ballistic missile (ICBM) test, as tit-for-tat military moves added to simmering tensions in the region. South Korea and the US flew B-1B bombers escorted by their fighter jets on Sunday in the joint air drill, the Joint Chiefs ...

  Bloomberg China and the European Union (EU) should prepare for a meeting of their leaders, Beijing’s top foreign policy official said, a sign of the Asian nation’s efforts to court Europe amid worsening ties with the US. In a meeting on the sidelines of the Munich Security Conference, Wang Yi urged EU counterpart Josep Borrell to help “bring bilateral ...