Bloomberg Air Canada boosted the size of its refinancing after taking advantage of strong demand for the biggest high-yield corporate bond in Canadian dollars and upsizing the loan portion. The aggregate loan and bond transactions will likely total $5.7 billion, up from $5.35 billion initially planned last week, according to people familiar with the matter. Canada’s biggest airline increased the ...

Bloomberg Walmart Inc is investing $1 billion over the next five years to remove all costs related to its employee college tuition program, in an effort to boost enrollment. The nation’s biggest private employer said as of August 16 the so-called Live Better U program will remove the $1 a day cost for about 1.5 million employees, who are eligible ...

Bloomberg JetBlue Airways Corp has yet to start New York-London service and already has been forced to trim the schedule as travel restrictions hobble demand. “We’ve all been very frustrated the corridor hasn’t opened,” Chief Executive Robin Hayes said. “There’s no reason not to open it. It’s not data driven.” The carrier will fly its once-daily route between New York’s ...

Bloomberg The latest swing of senior US officials through Asia indicates the Biden administration is taking a humbler tone in the region than the former president, with US Secretary of State Antony Blinken noting that every democracy was a “work in progress.” On his first official visit to India, Blinken sought common ground with New Delhi in their disputes with ...

Bloomberg Human Rights Watch is calling on Chile to stop “summary deportations” of Venezuelan citizens, saying those measures violate due process and international law. In June, Chile expelled 53 Venezuelans, some of whom were separated from family, had appeals pending or were denied phone calls or access to lawyer, Human Rights Watch said in a statement on Wednesday. Citizens of ...

Bloomberg Pedro Castillo, a former teacher from one of Peru’s most impoverished regions, takes office as the nation’s president with promises to redistribute wealth and rewrite the constitution that are likely to put him on a collision course with the political and business establishment. Castillo’s inauguration takes place in Lima on Wednesday morning, and was to be followed by the ...

Bloomberg Claims that Roman Abramovich, Chelsea Football Club Ltd’s billionaire owner, was directed to buy the team by Russian President Vladimir Putin to infiltrate the British political elite are “profoundly defamatory,” his lawyers said. Abramovich sued Catherine Belton, the author of “Putin’s People: How The KGB Took Back Russia And Then Took On The West,” which was published by Harper ...

Bloomberg American and European Union travellers who have been fully vaccinated against coronavirus will no longer need to spend 10 days in quarantine after they arrive in England. Under plans backed by British ministers on Wednesday, international leisure cruises will also resume after being put on hold for more than a year. The reforms to travel rules will allow visitors ...

Bloomberg Deutsche Bank’s traders kept Chief Executive Officer Christian Sewing’s overhaul alive when negative interest rates eroded income from lending. Now the CEO is counting on them to carry him to the finish line. With Germany’s largest lender approaching the final stretch of his four-year plan, Sewing on Wednesday raised the revenue outlook on the back of another strong quarter ...

Bloomberg In the last few weeks, the managing director of the Monetary Authority of Singapore has gained attention for his personal views on some politically charged topics, echoing a similar evolution among his central banking peers as they address the world beyond money supply. In a series of recent lectures as a visiting scholar at a local university’s think tank, ...