The US government has worked hard over the past decade to stop Americans from hiding bank accounts offshore to evade taxes. But not hard enough. It has become more difficult to maintain secret accounts, but it’s still happening, as recent examples show. People who have dual citizenship, minimal connections to the US and a willing accomplice at a bank have ...

July Ndlovu, the boss of Anglo American Plc coal spin-off Thungela Resources Ltd, did his rival Glencore Plc a big favour earlier this year. When Thungela began trading as a separate company in June, Ndlovu told Bloomberg he wanted to increase output of the fossil fuel: “I didn’t take up this role to close these mines.” Glencore is the last ...

Bloomberg The new owners of once-bankrupt Jet Airways India Ltd are in talks with Boeing Co and Airbus SE to purchase at least 100 narrowbody jets for the carrier’s fleet in a bid to revive what used to be the biggest private airline in the South Asian nation before it collapsed under a pile of debt. The winning bidders for ...

Bloomberg Airlines are moving forward to finalise big commercial aircraft orders despite the newly discovered coronavirus variant and a fresh wave of travel restrictions to contain its spread, Pratt & Whitney’s top sales executive said. “The campaign activity is as high as I’ve seen, maybe ever,” said Rick Deurloo, chief commercial officer of Pratt & Whitney, a unit of Raytheon ...

Bloomberg United Airlines Holdings Inc. plans to move the network operations center that coordinates its flights globally to a Chicago suburb next year, slashing headcount at the carrier’s world headquarters at Blackstone Inc’s Willis Tower. The move was announced internally and would affect about 900 employees such as managers and technical support staff, United said. About 400 flight dispatchers could ...

Bloomberg The embattled Mexican airline Interjet is planning a return to operations by next year with a new fleet comprised of 10 Airbus SE A320 jets and potentially 10 Czech-made Let L-410 planes. The plan to fly again depends on the company’s ability to navigate a “distressed investing” strategy that will be separated into three tranches, said insolvency specialist Ivan ...

Bloomberg Phillips 66 reached an agreement to supply cleaner aviation fuel to British Airways for several years as the airline seeks to lower its emissions, the companies said in a statement. As part of the deal, so-called sustainable aviation fuel — which is made from renewable feedstocks such as waste vegetable oils — will be produced at scale for the ...

Bloomberg The UK will require all travelers to take a pre-flight Covid-19 test within 48 hours prior to their flight regardless of their vaccine status, a surprise government move that prompted a swift and angry reaction from the airline industry. The measure, which takes effect on December 7, will be temporary and be reviewed as the omicron outbreak develops, Health ...

Bloomberg President Vladimir Putin is expected to visit New Delhi on Monday as billions of dollars of Russian weaponry flow into India that would normally attract US sanctions. Eager to draw India into its efforts to contain China, the US may look away this time. Putin is making his first foreign trip in nearly six months for talks with Prime ...

Bloomberg Russia said it will protest officially to the US about an incident over the Black Sea, when civilian aircraft had to divert from their routes because of a US spy plane. “Increased US and Nato warplanes activity near Russian borders creates risks of dangerous incidents for civilian aviation,” Russian Foreign Ministry spokeswoman Maria Zakharova said on her Facebook page. ...