In the past, China Evergrande Group has always been able to wiggle out of trouble. In turbulent times, billionaire founder Hui Ka Yan would turn to his tycoon friends to prop up his stocks and bonds. The persistent support they’ve provided — buying up Evergrande debt — is why the developer is also Asia’s largest dollar junk bond issuer. Hui’s ...

London is in a precarious position when it comes to Covid-19. Remaining restrictions were recently lifted in the city along with the rest of the UK even as the highly infectious delta variant drives cases higher. London’s delta wave won’t be as bad as past outbreaks — hospitalisations and deaths remain low because of its high vaccination rate. But the ...

Bloomberg Southwest Airlines Co said it was “hopeful” of returning to profitability in the third and fourth quarters, amid concerns over the financial impact of a coronavirus variant and a recent rash of flight delays. The potential for an adjusted profit excludes any benefit from billions of dollars in airline aid provided by the US government, Southwest said as it ...

Bloomberg Airbus SE is the favourite to win a multi-billion tender for a new aircraft fleet for the successor of Italy’s bankrupt Alitalia SpA, Corriere della Sera reported. Executives at Italia Trasporto Aereo SpA, known as ITA, have still not taken a final decision and are also talking to Boeing Co, Corriere said, citing three industry sources with knowledge of ...

Bloomberg A US safety regulator’s decision to sue Amazon.com Inc could bring clarity to a question that has long befuddled courts and state legislatures nationwide: Who is responsible when a product bought from the world’s largest online retailer hurts or kills someone? In recent years, dozens of people who say they were harmed by products, such as exploding hoverboards, defective ...

Bloomberg Some of the world’s biggest footwear and garment companies are seeing production pinched as factories in Southeast Asia struggle to keep the lights on amid one of the world’s deadliest Covid-19 resurgences. A number of firms that churn out products for global giants like Nike Inc and Adidas AG have reported plant suspensions in Vietnam over the past few ...

Bloomberg Kimberly-Clark Corp’s shares fell after the maker of household supplies missed Wall Street’s expectations for second-quarter earnings and trimmed its annual forecast, saying inflationary pressures and slowing toilet paper demand are hurting results. Profit this year will be $6.65 to $6.90 a share, the company said in a statement, down from a prior expectation of as much as $7.55. ...

Bloomberg Bridgepoint Group plans to sell the UK operations of Burger King next year in a bet on an accelerated recovery of Britain’s pandemic-hit restaurant industry, Sky reported. The newly listed private equity group has started preliminary talks with investment banks about a sale of the fast-food chain, the news agency said, citing unidentified people with knowledge of the matter. ...

Bloomberg President Vladimir Putin used a Navy Day parade to deliver his latest reminder of Russia’s military muscle, touting the nation’s hypersonic nuclear weapons at a ceremony in his hometown of St Petersburg. “Today the Russian navy has everything it needs to defend our homeland, our national interests,” Putin said in a speech in front of a monument to the ...

Bloomberg Typhoon In-Fa made landfall in Eastern China on Sunday, causing the evacuation of more than 100,000 people, the cancellation of flights in and out of Shanghai and the halting of business operations, according to state media. In-Fa landed in Zhoushan, Zhejiang province, at 12.30 pm, local time, with a maximum wind force of 38 meters (125 feet) per second, ...