Bloomberg PT Garuda Indonesia is entering a court-supervised debt restructuring process after a Jakarta court accepted a debt petition filed against the airline in a test of how far Indonesia’s government will go to rescue a state-owned company. Garuda amassed $9.8 billion in debt and judges in the Central Jakarta Commercial Court accepted a petition to suspend debt payments ...

    Bloomberg Indian regulators are investigating a Boeing Co 737 Max incident, operated by SpiceJet Ltd, which caused the plane to turn back to Mumbai shortly after departing for Kolkata and its pilots to shut down an engine due to a technical issue. While the plane landed safely and nobody was injured, the incident is sensitive as it involved ...

    Bloomberg The union for American Airlines Group Inc pilots said the carrier will violate its contract by scheduling “graveyard shift” flight simulator training sessions as it works to ready 440 pilots being added this year. American detailed plans for the sessions, which would begin after midnight, in a message to pilots, saying the temporary measure starting in January ...

  Bloomberg Boeing Co has promoted supply-chain chief Elizabeth Lund to oversee production of its commercial jetliner programs, including efforts to bolster manufacturing quality and resolve production lapses that have halted 787 Dreamliner deliveries. She succeeds Mark Jenks as senior vice-president and general manager of airplane programs. The move is effective immediately, Stan Deal, chief executive officer of Boeing’s commercial ...

  Bloomberg Australian retailers recorded their best month of sales in nearly a year as consumers splashed out on everything from dining out to clothing, taking advantage of the easing of protracted lockdowns and building momentum in the economy for the final quarter. Sales surged 4.9% in October from a month earlier, when they rose 1.3%, and more than doubled ...

  Bloomberg Ralph Lauren Corp is debuting its first digital fashion line in Roblox Corp’s virtual world, becoming the latest apparel maker to try building brand awareness in the metaverse. The company, known best for its polo shirts, is offering a “Winter Escape” experience in the Roblox online universe. Players can enjoy activities such as ice skating while shopping for ...

  Bloomberg Group of Seven (G-7) governments are converging around a warning to Russia that President Vladimir Putin will face severe costs if he sends troops into Ukraine, a senior US official said. Discussions at a weekend meeting of G-7 foreign ministers in Liverpool, England, have been in line with President Joe Biden’s public stance towards the threat of a ...

  Bloomberg The UK opposition Labour Party has taken its biggest lead over the ruling Conservative Party since 2014 in a new opinion poll, in the latest sign that allegations around Covid-19 rule-breaking parties are eroding support for Prime Minister Boris Johnson. Support for the Labour party is at 41%, according to an Opinium survey for the Observer newspaper. That ...

  Bloomberg An earthquake with an estimated magnitude of 5.0 shook buildings in Tokyo, temporarily halting some train lines along Japan’s eastern coastal region. The earthquake occurred in the southern part of Japan’s Ibaraki Prefecture at about 12:30 pm local time, according to the Japan Meteorological Agency. There is no threat of a tsunami, and train lines had resumed operations ...

  Bloomberg Residents in New Caledonia, an archipelago in the strategic waters of the Pacific, have voted overwhelmingly to remain a French territory, in a victory for French President Emmanuel Macron. More than 96% voted against independence from France, state-run AFP news agency reported. Turnout was low, however, after indigenous pro-independence leaders called to boycott the referendum, which meant to ...