Bloomberg Rolls-Royce Holdings Plc said it’s holding discussions with Boeing Co about a new aircraft program, lending more weight to rumblings that the US planemaker is stepping up work on all-new model that would plug a gap in its lineup. “It is fairly well documented that Boeing is exploring the opportunity for a new aircraft,” Rolls CEO Warren East said. ...

Bloomberg JetBlue Airways named Ursula Hurley, its head of treasury and investor relations, as acting chief financial officer after the resignation of Steve Priest, who’s taking the same post at EBay Inc. Priest’s departure is effective from June 11, the New York-based airline said in a statement. He’ll start at EBay on June 21, according to the online retailer. The ...

Bloomberg Burberry Group Plc’s sales remained below 2019 levels despite a quarterly jump, showing the British brand is trailing some luxury peers in recovering from the pandemic. The shares fell as much as 10%. Comparable store sales in the three months through March soared 32%, the company said in a statement. That was in line with its own forecast. Revenue ...

Bloomberg President Joe Biden told Prime Minister Benjamin Netanyahu he’d support a cease-fire between Israel and Hamas after days of calling for calm but not publicly seeking an end to the conflict, a shift in the US approach to the crisis following days of rising criticism. “The president expressed his support for a cease-fire and discussed US engagement with Egypt ...

Bloomberg A cyclone barreling through India’s west coast sank a barge hired by state-run explorer Oil & Natural Gas Corp (ONGC) prompting a massive operation to rescue 96 people missing from the vessel. “Long-range maritime surveillance aircraft were assisting rescue effort but bad weather was hampering operations,” Indian Navy Spokesman Vivek Madhwal said, adding that about 177 people, who were ...

Bloomberg President Joe Biden’s infrastructure proposal includes billions of dollars tied to improving cybersecurity, an area of intensified interest after the ransomware attack on the Colonial Pipeline Co sent US gasoline prices soaring last week. But the exact amount that will be spent on improving cyber defenses remains to be seen. The $2 trillion American Jobs Plan, as the infrastructure ...

Bloomberg The decline of Spain’s rural population has vexed lawmakers and citizens for more than half a century. Now Covid-19 is suddenly changing the landscape. For the first time in decades, some towns outside the country’s main urban centers are counting more people arriving than leaving, as stay-at-home restrictions and worries about the spread of the virus spur demand for ...

Bloomberg The UK government is locked in an internal debate over a trade deal with Australia as it tries to balance a desire for greater access to new markets against potential ramifications for domestic business. Britain and Australia agreed the bulk of a free-trade agreement in April and have signaled they want to conclude the pact by the G-7 summit ...

Bloomberg The UK labour market strengthened more than expected in April as the economy began to emerge from coronavirus restrictions. The number of people on payrolls rise 97,000, and vacancies increased 13%, the Office for National Statistics said on Tuesday. The jobless rate in first quarter falls unexpectedly to 4.8% as employment surged 84,000, the first gain since the pandemic ...

Bloomberg President Joe Biden began to make good on his promise that the US would be an “arsenal” of coronavirus vaccines for the world, announcing he’d share FDA-authorised shots after criticism that his administration had hoarded hundreds of millions of doses. But he also signaled that he intends for US manufacturers to hold or grow their share of the global ...