Bloomberg A passenger jet with 126 people on board burst into flames when its landing gear collapsed after touchdown at Miami International Airport. Three people suffered minor injuries. The accident, involving a McDonnell Douglas MD-80 aircraft operating as Red Air Flight 203 from the Dominican Republic, occurred around 6 pm local time, the Federal Aviation Administration said in an ...

  Bloomberg The Italian government is likely to select a buyer for new national airline Italia Trasporto Aereo in the “next few weeks,” according to the carrier’s CEO, Fabio Lazzerini. ITA, the successor to failed Alitalia SpA, expects a transaction to be completed by the end of the year, Lazzerini said in an interview on the sidelines of the International ...

  Bloomberg The UK will give airlines a waiver from rules requiring them to use airport slots or lose them, allowing them to pull some capacity in a bid to stem the recent travel chaos. The Department for Transport said it would offer an amnesty on takeoff and landing slot regulations, which mandate airlines use them or forfeit them in ...

  Bloomberg ExpressJet Airlines, a regional airline that has resumed operations after losing a key contract during the pandemic in 2020, has hired Moore Colson, an accounting and financial advisory firm, to help it fix its financial and labour problems. The carrier is looking to cut its debt load and renegotiate contracts with pilots, according to people with knowledge of ...

  Bloomberg At least 1,000 people have been killed and hundreds more injured after a powerful earthquake hit southeastern Afghanistan overnight, setting off a new humanitarian crisis in a country already facing a crumbling economy and hunger. The eastern Paktika province was the worst hit, Sharafuddin Muslim, the deputy state minister for Disaster Management said. The state-run Bakhtar News agency ...

  Bloomberg Rocket attacks on the Ukrainian port city of Mykolayiv have damaged a terminal owned by agricultural trader Viterra. “Viterra can confirm that its Everi terminal was hit and is currently on fire,” a company spokesperson said Wednesday, adding that there were no fatalities. The terminal can export as much as 1.5 million tons of vegetable oil a year. ...

  Bloomberg Chinese President Xi Jinping criticized sanctions for stoking global economic pain in a speech kicking off this year’s BRICS summit, as he seeks to bolster relations with emerging markets in the wake of strained Western ties. Without explicitly naming the US, Xi said that the international community is worried that the global economy will split into mutually exclusive ...

  Bloomberg Mario Draghi is facing the biggest coalition turmoil since he became Italy’s prime minister in 2021, just as he sets out for a week of back-to-back international summits that will focus on Russia’s war in Ukraine. Foreign Minister Luigi Di Maio, one of the highest-profile members of Draghi’s cabinet, on Tuesday acrimoniously quit the Five Star Movement that ...

  Bloomberg China sent its third-largest sortie of warplanes towards Taiwan this year, after the US rejected Chinese claims over the Taiwan Strait and reports of arms sales talks with Taipei in Washington. Twenty-nine Chinese aircraft, including six H-6 bombers and an electronic intelligence gathering plane, entered Taiwan’s southwestern air defense identification zone Tuesday, according to a tweet from the ...

  Bloomberg Brexit has reduced the competitiveness of the British economy, with alarming implications for productivity and wages, according to the Resolution Foundation. The research firm said a loss of openness since Britain left the European Union is set to leave the country poorer in the coming decade, with advanced manufacturing and parts of northern England dealt the heaviest blow. ...