Bloomberg Alphabet Inc’s Wing unit elevated its leading technology official to head the company as it seeks to rapidly expand its drone delivery operations, including in the Dallas suburbs. Adam Woodworth, who has spent his entire career designing new-age aircraft, was named Wing LLC’s chief executive officer, the company said in an announcement. He replaces James Ryan Burgess, who ...

  Bloomberg Malaysia’s AirAsia is near agreement for Vertical Aerospace Ltd flying taxis, according to people familiar with the matter, adding to a raft of carriers moving into the potential market to offer short, battery-powered flights. A deal between the airline’s owner and aircraft-leasing firm Avolon Holdings was expected to be announced on Wednesday at the Singapore Air Show, said ...

  Bloomberg Bombas, a maker of socks and other apparel, is exploring a US initial public offering, according to people with knowledge of the matter. The New York-based company, a certified B Corporation, could pursue a listing as soon as this year, said one of the people, requesting anonymity discussing private talks. The firm has held discussions with potential underwriters, ...

  Bloomberg ShopBack, an online shopping rewards app backed by Temasek Holdings, is in talks with potential investors to raise $150 million to help finance its expansion, according to people with knowledge of the matter. The Singapore-based startup is working with Morgan Stanley on the funding round, which is expected to value the company at about $1 billion, the people ...

Bloomberg Taiwan believes Xi Jinping is too focused on a key party meeting to extend his tenure as China’s leader to take military action now, regardless of what happens between Russia and Ukraine, according to two senior officials involved in security issues in Taipei. The Taiwanese government has assessed the current risk of a Chinese attack to be low, even ...

  Bloomberg President Joe Biden directed the National Archives to release to Congress Donald Trump’s White House visitor logs for January 6, rejecting his predecessor’s claims that the logs are subject to executive privilege. “The president has determined that an assertion of executive privilege is not in the best interests of the United States, and therefore is not justified, as ...

  Bloomberg Philippine boxer-turned-presidential candidate Manny Pacquiao said he will form a “peace panel” that will negotiate with Beijing on the South China Sea dispute if elected to the top post, while also deepening defense ties with the US. “Our goal is to be a friend to all nations,” Pacquiao said at a virtual forum. The senator said that while ...

  Bloomberg While Ukrainian President Volodymyr Zelenskiy has downplayed the likelihood of a large-scale invasion as Russia masses troops near the border, he is targeting what he sees as another threat to his country’s sovereignty: oligarchs. The president in a national address slammed unidentified businesspeople for fleeing the country in the face of a US warning of a potential imminent ...

  Bloomberg UK inflation unexpectedly accelerated for a fourth straight month in January, a surprise that highlights a brutal cost-of-living crisis that’s only set to worsen this year. Annual price growth rises to 5.5 percent, a new 30-year high, driven by clothing and footwear, the Office for National Statistics said on Wednesday. Both economists and the Bank of England had ...

  Bloomberg Trade between Ireland and Northern Ireland surged during 2021 following the UKs formal departure from the European Union. Imports from Northern Ireland to the Irish Republic jumped 65% compared to a year earlier, while exports from the Republic to Northern Ireland rise 54%, Ireland’s Central Statistics Office said. Meanwhile, imports to Ireland from the rest of the UK ...