Bloomberg China’s aviation industry lost a combined 84.3 billion yuan ($12.5 billion) last year, as the country kept its borders closed to keep out Covid-19. A rebound in domestic travel to pre-pandemic levels helped narrow total losses from 97.4 billion yuan in 2020, China’s aviation regulator said Thursday. Sales by airlines and airports rose 22% last year, but that ...

  Bloomberg British Airways owner IAG SA agreed to buy 50 737 Max jets from Boeing Co, giving a lift to the beleaguered US planemaker and concluding a widely watched commitment for 200 aircraft originally agreed three years ago. The jets, which include 25 high-capacity Max 200s and 25 as-yet-uncertified Max 10s, can be used by any airline in the ...

Bloomberg China’s top diplomat again warned the US over its increased support for Taiwan, showing the island democracy remains a major sticking point between the world’s biggest economies as Beijing sent more military aircraft toward the island. “If the US side insists on playing the Taiwan card and goes further and further down the wrong road, it will certainly lead ...

Bloomberg The last time a US president visited Seoul in 2019, Donald Trump and Kim Jong-un agreed to restart nuclear talks during an impromptu meeting at the heavily fortified demilitarised zone (DMZ). As Joe Biden prepares to land in Seoul on Friday, the White House hasn’t indicated he’ll be heading to the DMZ. There’s also little he can do to ...

Bloomberg Nearly three months after Vladimir Putin sent his troops into Ukraine, Russia faces more sanctions than any other country. But thanks to surging prices for its exports of oil and gas, the Kremlin has been able to steady the ruble and limit the impact on consumers and the war effort. For now. Signs of strain are spreading across the ...

Bloomberg Prosecutors hoping to prove a top lawyer for Hillary Clinton’s 2016 campaign lied while trying to get the FBI to investigate a suspected secret link between Donald Trump’s company and a Russian bank are having a hard time getting their own witnesses to confirm the claim. Michael Sussmann, a prominent cybersecurity lawyer with close ties to the Democratic Party, ...

Bloomberg Boris Johnson won’t be fined again for breaking coronavirus regulations after UK police concluded a probe into rule-breaking gatherings during lockdown, a major boost for the prime minister after months of turmoil. London’s Metropolitan Police said it has made a total of 126 referrals for fines as part of its investigation into the “partygate” allegations that have dogged the ...

  Bloomberg Chinese banks may cut their benchmark lending rates for a second time this year, giving consumers and businesses some relief as Covid-19 lockdowns and outbreaks wreak havoc on the economy. The one-year loan prime rate — the de facto benchmark lending rate — will likely be reduced by 5-10 basis points from 3.7% on Friday, according to 11 ...

  Bloomberg Goldman Sachs Group Inc. is losing its most powerful Black women, according to new data the firm released in a report on its website. The bank had 19 Black women among its executives and senior officials as of November 2021, the bank said, down from 25 a year earlier, while the 24 Black men in that top rank ...

  Bloomberg Some of the world’s biggest banks haven’t moved enough senior staff into the European Union (EU) after Brexit, the bloc’s top regulator has concluded, an assessment that will likely lead to renewed pressure for more job moves to the EU. An exercise by the European Central Bank (ECB), known as “desk mapping,” found that several of the lenders reviewed ...