Bloomberg A key lawmaker said that he opposes giving Boeing Co more time to certify its Max 10, signalling potential and costly delays for the planemaker’s next model of the 737. Representative Peter DeFazio, the Oregon Democrat who leads the House Transportation and Infrastructure Committee, said in an opening statement at a hearing that he would oppose Congress extending ...

  Bloomberg Hong Kong has ceased to function as an international aviation hub as it curbs inbound flights and quarantines arriving passengers, according to a trade group representing hundreds of airlines worldwide. “It’s effectively off the map now, and I think it’s going to be difficult for Hong Kong to recover,” Willie Walsh, director general of the International Air Transport ...

  Bloomberg Walmart Inc, which for years has managed its sprawling operations from a famously drab home office, is following through on plans to boost the amenities at its new headquarters complex. A fitness centre will feature tennis courts, three indoor pools and a teaching kitchen, while a child-care centre will be able to accommodate as many as 500 kids, ...

  Bloomberg Ingka Investments, the investment arm of Ikea’s biggest retailing group, has bought nine solar park projects in Germany and Spain for about $373 million. The projects are being developed by Germany-based Enerparc AG and expected to be ready for construction at the end of this year, according to an emailed statement. The solar energy production “will be sufficient ...

Bloomberg India is optimistic about talks next week with the US on military cooperation even as the Biden administration becomes more vocal in rebuking New Delhi over its reluctance to criticise Russia’s war in Ukraine, people familiar with the matter said. Recent public statements from Washington warning India about consequences for purchases of weapons and discounted oil from Russia are ...

  Bloomberg US House Speaker Nancy Pelosi is scheduled to visit Taiwan, according to media reports, a landmark display of American support that triggered a diplomatic protest from Beijing. Pelosi will arrive in Taipei on Sunday following a visit to Japan, according to reports in both Taiwan and Japan, including by Fuji News Network, which cited people it did not ...

  Bloomberg The UK, US and Australia said they are working on developing hypersonic weapons — military technology already deployed by Russia in Ukraine — as part of their new trilateral security pact called AUKUS. Their plan is to “accelerate development of advanced hypersonic and counter-hypersonic capabilities,” according to a joint statement. The alliance wants to counter the threat of ...

  Bloomberg Prime Minister Imran Khan’s party is on the verge of losing control of Pakistan’s biggest province days after it lost its majority in the federal parliament, raising the stakes before the Supreme Court’s ruling on his disputed call for national elections. After losing his majority in the lower house National Assembly, the former cricket star’s Tehreek-e-Insaf party is ...

  Bloomberg Barclays Plc is developing a global private credit strategy, according to several people familiar with the situation, seeking to take part in the fast-growing $1.2 trillion asset class. The plans are at an early stage, and the details on exactly how Barclays will enter private credit are still under discussion, so the bank hasn’t reached out to external ...

  Bloomberg Citigroup Inc hired four more health-care investment bankers, doubling down on efforts to increase its market share in the sector. The hires were announced in a memo to staff from Chuck Adams, the global head of the health-care, consumer and wellness investment-banking group. Among the changes: Michael Brock, the former strategy officer at Acepodia, joined the bank last ...