Bloomberg A Russian court fined Alphabet Inc’s Google 7.2 billion rubles ($98 million) and Meta Platforms Inc 2 billion rubles for failing to remove banned content, largest such penalties yet, as the authorities escalate a crackdown on foreign technology companies. The fines were due to the companies’ repeated failure to comply with orders to take down content and based …

  Bloomberg Airbus SE is on track to meet its 600-jet delivery goal for 2021, according to people familiar with the situation, though holdups with the handover of some wide-body aircraft have complicated the issue. As of mid-December the European planemaker had shipped around half of the 82 jets it must deliver this month to meet the full-year goal, according …

  Bloomberg US aviation regulators have proposed modifications to some Boeing Co 777 jets to prevent engine debris from flying loose in a failure and endangering passengers as happened in some recent incidents. The Federal Aviation Administration (FAA) filed a pair of proposed directives in the Federal Register that would require strengthening the engine inlets and adding shielding on Pratt …

  Bloomberg Ryanair Holdings Plc expects to report a wider full-year loss than previously forecast after the emergence of the omicron Covid-19 variant plunged the European travel industry into renewed uncertainty. The Irish low-cost airline now anticipates a net loss of between 250 million euros ($283 million) and 450 million euros in the 12 months through March, it said in …

  Bloomberg A rebound in global airline capacity should accelerate in the second half of next year, but trans-Atlantic traffic likely won’t return to pre-pandemic levels until 2023, according to an aviation consulting firm. Additionally, airfares are poised to rise significantly next year, owing to higher costs from labour and addressing environmental issues, “plus the need for airlines to rebuild …

Bloomberg Kenya’s government has scrapped a plan to fully nationalise the partly state-owned airline and is looking at other ways to safeguard money it has loaned the carrier, according to the International Monetary Fund (IMF). It will cost a projected $1 billion to restructure Kenya Airways Plc and an injection of the funds by the state will be “unavoidable” as …

  Bloomberg Miniso Group Holding Ltd, a Chinese budget household and consumer goods retailer whose stock is already traded in New York, is considering a second listing in Hong Kong next year, people with knowledge of the matter said. The firm is working with Bank of America Corp and UBS Group AG on the proposed share sale, the people said, …

  Bloomberg Thailand’s central bank held its benchmark interest rate unchanged for a 13th straight meeting to assess how much risk the omicron variant poses to a fragile economic recovery. The Bank of Thailand’s (BOT) rate setting committee voted unanimously to hold the one-day bond repurchase rate at a record-low 0.5%, as predicted by all 20 economists in a Bloomberg …

  Bloomberg ING Groep NV will take an unspecified fourth-quarter charge to exit French retail banking, its latest move to pull out of non-core European markets. The Amsterdam-based lender has reached a deal with local unions on a social plan for 460 employees, according to a statement. The bank, which is waiting for approval of its plan by the French …

  Bloomberg Union Bank of the Philippines will buy Citigroup Inc’s consumer banking assets in the Southeast Asian country for a cash consideration plus a premium of 45.3 billion pesos ($904 million). The deal covers the US firm’s local credit card, unsecured lending, deposit and investment businesses as well as Citicorp Financial Services and Insurance Brokerage Philippines Inc, Citigroup and …