Container-shipping companies have found lots of ways to spend their enormous pandemic profits. They’re lifting staff pay, making acquisitions and returning heaps of cash to shareholders. One person who won’t benefit much is you, the taxpayer. Based on their recent financial filings, I calculate big European container lines AP Moller-Maersk A/S, CMA CGM SA and Hapag-Lloyd AG owe just ...

  Out of all the actions the Biden Administration could have taken on Afghanistan, commandeering the nation’s foreign currency reserves is, to put it mildly, unhelpful. In an executive order, President Joe Biden began the process of releasing the $7 billion in Afghan Central Bank funds held in the Federal Reserve. It froze those assets last August when the Taliban ...

  Bloomberg SpiceJet Ltd delivered on its chairman’s word and posted a surprise profit after making losses for seven straight quarters as ebbing Covid-19 cases paved the way for a relaxation in movement curbs and boosted domestic air travel. India’s third-largest budget airline posted a net income of 232.8 million rupees ($3.1 million) in the three months ended on December ...

  Bloomberg Flying from Japan’s Osaka station to Kansai International Airport could take just 15 minutes based on plans laid out by flying-taxi startup Joby Aviation Inc. and the country’s biggest airline. Joby and ANA Holdings Inc will work together to bring aerial ridesharing to Japan for the first time, according to a statement. Toyota Motor Corp will join the ...

  Bloomberg Boeing Co, which has almost doubled its capacity to turn passenger jets into freighters since the pandemic began, is considering adding even more as demand for air cargo extends into 2022. “There could be additional lines in the Asia region,” Ted Colbert, head of Boeing’s global services division, said during an interview with Bloomberg at the Singapore Airshow ...

  Bloomberg A Philippine airline that holds the record for cramming the most seats into a plane is set to do it again with a new Airbus SE jet. Cebu Air Inc, the biggest carrier in the Southeast Asian nation, plans to configure its newest and upcoming A321 XLR aircraft with the highest seat-density possible, doubling down on a strategy ...

  Bloomberg A top Levi Strauss & Co executive said she left the denim maker after more than two decades because her outspoken opposition to Covid-19 policies in schools created a fraught work environment for her. Jennifer Sey, who was the company’s global brand president, said she passed up a $1 million severance package that would have come with a ...

Bloomberg Russia announced the start of a pullback of some forces after drills that raised US and European alarm about a possible military assault on Ukraine. Markets rallied on news of the withdrawal as investors took the move as a sign of possible de-escalation by Russia amid a major diplomatic push following weeks of warnings from the US and Europe ...

Bloomberg The Taliban have sought talks with the US to reverse its decision to use the Afghan central bank’s reserves to compensate victims of the September 11 attacks and support aid efforts in the country, a spokesman for the group said. The group will use “every diplomatic approach” to push President Joe Biden to reverse his decision and release the ...

  Bloomberg Emmanuel Macron is hosting a dinner on Wednesday for the leaders of several West African countries in Paris, where he’ll discuss his pitch to shift the focus of European forces battling an insurgency from Mali to another nation. The French president will be joined by the leaders of Chad, Mauritania and Niger, according to an official in his ...