The political maneuvering about infrastructure is getting pretty strange, what with President Joe Biden first cheering a bipartisan bill, then threatening to veto it, and then taking back the veto threat in the span of two days. When the action on stage gets hard to follow, it can be helpful to review the main characters and their motivations. The 21 ...

Bloomberg Rolls-Royce Holdings Plc is increasingly optimistic that it can move beyond the jet-engine issues that have cost it billions of pounds and provided an unwelcome distraction during years of restructuring work. Final fixes to a litany of glitches that plagued the Trent 1000 turbine powering Boeing Co’s 787 Dreamliner should be made this year, engineering and technology director Simon ...

Bloomberg Fortress Investment Group agreed to buy Wm Morrison Supermarket Plc for about 6.3 billion pounds ($8.7 billion), trumping an earlier bid from Clayton Dubilier & Rice. The all-cash agreement by a group led by Fortress, a SoftBank Group Corp subsidiary, follows the UK supermarket chain’s rejection of CD&R’s 5.5 billion-pound offer last month. It’s the latest in a flurry ...

Bloomberg PT Lion Mentari Airlines is struggling to make payments to lessors on some of its planes, according to people familiar with the matter, as the pandemic tips it ever closer to financial peril. Indonesia’s largest discount carrier has grounded some 25 aircraft because it hasn’t paid lessors that are owed at least $500 million, one of the people said, ...

Bloomberg The lucrative North Atlantic flight corridor that links European tourism and business meccas like Paris and London with the US has been starved for traffic for the past 18 months, depriving some of the world’s biggest airlines of revenue from their most profitable journeys. Now carriers including Emirates, United Airlines Holdings Inc and British Airways are gearing up again, ...

Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said the Irish carrier could almost double its passenger capacity through the rest of the summer as the European Union reopens for travel. Europe’s biggest discount airline expects to attract up to 9 million passengers in July and August compared with 5 million in June and just 1.7 million in May, ...

Bloomberg China’s foreign minister expounded Beijing’s increasingly defiant stance on the international stage, taking several swipes at the US and underscoring much of the sentiment from last week’s centennial celebrations speech by President Xi Jinping. In a sweeping speech that touched on topics from the global pandemic to counterterrorism, North Korea to the Iran nuclear issue and Taiwan, Foreign Minister ...

Bloomberg Brazil’s prosecutor general office has requested the country’s top court to investigate President Jair Bolsonaro for possible negligence in the handling of corruption allegations related to the purchase of vaccines from India. Negotiations to buy the Covaxin shot produced by Bharat Biotech International Ltd turned into a scandal when a government ally said he had personally warned Bolsonaro that ...

Bloomberg Donald Tusk is spoiling for a fight to reverse Poland’s drift to the European Union’s fringe. The former president of the European Council announced on Saturday that he’s returning to lead his country’ biggest opposition group, the Civic Platform, which propelled him to two terms as prime minister and the top level of politics on the continent. The decision ...

Bloomberg Hurricane Elsa was expected to begin lashing Haiti and Dominican Republic on Saturday, touching off floods and landslides, as it moves across the Caribbean towards Cuba and Florida next week. The Atlantic’s first hurricane of 2021, Elsa had top winds of 75 miles per hour and was about 110 miles southeast of Isla Beata, Dominican Republic, the National Hurricane ...