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Indonesia’s deal to buy 36 F-15 jets in ‘advanced stages’

Bloomberg Indonesia’s defense chief said a $14 billion deal to purchase 36 new F-15 jets from Boeing Co. are in “advanced stages” after praising cooperation with the US during a visit by Defense Secretary Lloyd Austin. “Negotiations are continuing and we are at advanced stages of that negotiation,” Defense Minister Prabowo Subianto said on Monday at a news conference in ...

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Court orders Amazon to cease, desist retaliating against activists

  Bloomberg Amazon.com Inc. must cease and desist from retaliating against employees for workplace activism, a New York federal judge ordered. The ruling requires Amazon to distribute the order to employees at a Staten Island warehouse and to read it to them at a meeting, but US district judge Diane Gujarati denied a request for an injunction to reinstate a ...

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Thanksgiving holiday travel surge brings higher fares

  Bloomberg When Claudia Estudillo learned she had to be in Cancun on business close to Thanksgiving, she decided to bring her husband and daughter with her over the holiday. What she wasn’t prepared for is a cost of almost $300 more per person than she expected to pay. They’re making the trip anyway, joining the throngs at airports. Planes ...

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Viva Aerobus sells $51m in green bonds

  Bloomberg Grupo Viva Aerobus SA, one of Mexico’s largest airlines, sold $51 million in its first sustainability-linked bond issuance, the company announced. Viva’s sustainability goal is to reduce jet fuel carbon emissions intensity per revenue passenger-kilometer by 35% in 2029 compared to a 2015 baseline. The company said it has a fleet with one of the lowest carbon dioxide ...

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TSMC founder: Congratulating Xi on party congress was ‘personal’

Bloomberg Taiwan Semiconductor Manufacturing Co. founder Morris Chang said the congratulations he offered Chinese President Xi Jinping about the congress that his ruling Communist Party recently held were his own “personal” view. “Taiwan’s Presidential Office told me beforehand that if there was an opportunity, there was no need to avoid meeting or greeting him,” Chang said Monday at a press ...

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Tourism rebound aiding Thai economic recovery

  Bloomberg A revival in tourism helped Thailand expand at the fastest pace in more than a year last quarter, even as finer details of the economic data support the case for the central bank to go slow on monetary policy tightening. Gross domestic product rose 4.5% in July-September from a year ago, the National Economic and Social Development Council ...

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Toyota-Panasonic’s battery venture looking for new coastal site

Bloomberg Prime Planet Energy & Solutions Inc., the battery joint venture of Toyota Motor Corp. and Panasonic Holdings Corp., is searching for a new domestic manufacturing site with sea port and clean energy access as it expands to keep up with consumer demand for electric vehicles, President Hiroaki Koda said in an interview in Tokyo. The company, which formally started ...

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GoTo reports narrower quarterly loss

  Bloomberg GoTo Group reported a narrower third-quarter loss, helped by cost cuts at the Indonesian ride-hailing and e-commerce giant. The adjusted loss before interest, taxes, depreciation and amortization shrank to 3.7 trillion rupiah ($235 million) from 4.2 trillion rupiah a year earlier, the Jakarta-based company said Monday. Net revenue, which strips out incentives to driver and merchant partners and ...

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US, China defense chiefs likely to meet in sign of thawing ties

Bloomberg The US and Chinese defense chiefs are likely to meet for their first talks since Beijing suspended dialog with Washington over House Speaker Nancy Pelosi’s August visit to Taiwan —the latest sign that ties between the two nations are stabilizing. US Defense Secretary Lloyd Austin would welcome a meeting with Chinese Defense Minister Wei Fenghe during a gathering of ...

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Kurdish militants kill three in Turkey in attack from Syria

Bloomberg Separatist Kurdish militants in Syria launched a cross-border mortar attack on a Turkish border town, killing at least three people including a school teacher, authorities said. Violence between Kurdish militants and Turkey is spiraling after Turkish warplanes bombed bases of outlawed Kurdish PKK group in northern Iraq and affiliated US-backed Kurdish fighters in Syria in retaliation for a deadly ...

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