Bloomberg Airbus SE is confident its global supplier base can overcome pandemic-induced pressures and boost output for the company’s workhorse A320 aircraft family despite the “unprecedented” labour and materials strains currently complicating that effort, Chief Executive Officer Guillaume Faury said. In an interview with Bloomberg News, Faury reaffirmed the company’s plan to boost A320 output from 40 per month today ...

Bloomberg Deutsche Lufthansa AG is adding more than 80 flights from Frankfurt and over 50 departures from Munich this fall as the German airline sees rising demand for leisure destinations. The carrier will offer extra flights to Spain’s Palma de Mallorca, Gran Canaria, Fuerteventura and Malaga, and other European destinations during the country’s fall vacation period, it said in a ...

Bloomberg Air New Zealand will require international travellers to be vaccinated when flying with the carrier starting from February 1, latest airline to stipulate mandatory jabs for not just crew but passengers also. All travellers aged 18 and above that arrive or depart New Zealand have to be vaccinated and those who haven’t been inoculated need to present proof that ...

Bloomberg Amazon founder Jeff Bezos participated in a $87 million Series B funding for Indonesian startup Ula, marking his first-ever investment in Southeast Asia’s e-commerce space. Bezos Expeditions, Northstar group, AC Ventures and Citius joined the round co-led by Prosus Ventures, Tencent and B-Capital, the e-commerce marketplace Ula said. The previous fundraising included $10.5 million seed round in June 2020 ...

Bloomberg Tesco will announce a share buyback program this week when it reports first-half results, the Sunday Times reported. The retailer will maintain its normal dividend along with the buyback plan, although a special payout is not thought to be on the cards, according to the report. Tesco will be disciplined in its approach to buybacks, the report cited unidentified ...

Bloomberg North Korea has labelled Moon Jae-in a meddlesome mediator and reduced to rubble a $15 million liaison office that was one of the South Korean president’s biggest diplomatic achievements. On Monday, however, Kim Jong Un’s regime abruptly restored communication with South Korea via hotlines that Pyongyang had let fall silent for about two months. The move came after Kim’s ...

Bloomberg India’s yearlong farmers’ protests against federal agricultural laws have reached a new flash-point after eight people, including four protesters, were killed in the poll bound northern state of Uttar Pradesh. Farm groups have alleged the deaths occurred after a convoy of cars connected to a junior federal minister ran over angry demonstrators, fired shots and attacked a protest leader ...

Bloomberg The Biden administration will directly engage with Beijing in the coming days to enforce commitments in their trade deal and start a new process to exclude certain products from US tariffs in an effort to help American workers and businesses, senior administration officials said. US Trade Representative Katherine Tai is set to speak to Chinese Vice Premier Liu He ...

Bloomberg Japan’s Fumio Kishida was appointed prime minister by parliament on Monday, and is set to reveal a new cabinet lineup as he seeks to revive support for his ruling party ahead of a general election that could likely come this month. The ruling Liberal Democratic Party (LDP) used its majority to formally elect Kishida, who will be the second ...

Bloomberg The UK government is ending two of its pandemic-era safety net programs that pumped almost 80 billion pounds ($107 billion) into the economy, a move that campaigners say will leave more working families in poverty and widen the gap between the rich and the poor. Over the next week, furlough support for wages that helped 8.9 million workers at ...