Bloomberg A French initiative to ban commercial air travel on some domestic routes could prove to be an example for other countries seeking to make flying cleaner. The bill making its way through parliament would forbid conventional air travel when there’s an alternative by train that takes under 2.5 hours. The legislation advanced in the National Assembly over the weekend ...

Bloomberg Nykaa E-Retail Pvt has selected banks for its initial public offering in Mumbai that could raise at least $500 million, according to people familiar with the matter. The online cosmetics retailer is working with Kotak Mahindra Capital Co and Morgan Stanley on the potential offering, said the people, who asked not to be identified as the information is private. ...

Bloomberg Letko Brosseau & Associates Inc, one of Air Canada’s largest shareholders, says the terms of the government’s rescue package are fair and the airline’s stock could rise about 50% from current levels once the pandemic eases. Canada’s largest carrier reached a deal with the federal government for loans and equity worth C$5.9 billion ($4.7 billion). The company will get ...

Bloomberg United Airlines Holdings Inc is forming a coalition of companies willing to contribute funds to increase the use of sustainable aviation fuels, including a first group of 11 that will purchase 3.4 million gallons this year. The airline also said that it’ll invite travellers to donate money to buy sustainable fuels or to contribute towards research to increase the ...

Bloomberg China criticised the US for sending a group of former officials to Taiwan, saying the move will only add to mounting tensions. Two former deputy secretaries of state, Richard Armitage and James Steinberg, and former Senator Christopher Dodd arrived in Taipei on Wednesday as part of a White House delegation marking the 42nd anniversary of the Taiwan Relations Act, ...

Bloomberg President Joe Biden will withdraw US troops from Afghanistan by September 11, the 20th anniversary of the terrorist attacks that precipitated the American invasion that ousted the country’s Taliban leadership, according to people familiar with the plan. American forces, in conjunction with troops from Nato allies, will begin withdrawing before the end of this month, according to a senior ...

Bloomberg The Philippines has deployed extra vessels to patrol the South China Sea where Chinese ships had been spotted at a disputed reef as tensions deepen between the two nations. Four Philippine Navy ships were sent to back up Coast Guard and fishing vessels at Whitsun Reef, Reed Bank and the Spratly Islands, the South China Sea task force said ...

Bloomberg Venezuela is restricting Covid-19 shots to people with a state loyalty card, effectively excluding many government opponents from getting vaccinated. When the country began inoculating its elderly population, it said it was selecting recipients from a registry used by the Nicolas Maduro administration to keep tabs on voter loyalty and grant state subsidies. While all Venezuelans have a national ...

Bloomberg Bavaria Premier Markus Soeder presented himself as a force for change who can revive the fortunes of Germany’s conservatives as he stepped up his bid to follow Chancellor Angela Merkel at the top of the bloc’s election ticket. His rival for the candidacy in September’s national vote, Armin Laschet, responded by saying that Soeder changes his views a little ...

Bloomberg The US federal budget deficit more than doubled to a record in the first half of the fiscal year amid a fresh wave of stimulus payments to cushion Americans from the persistent coronavirus pandemic. The deficit last month was $659.6 billion, the third-largest on record and biggest since last June, swelling the total from October to March to $1.71 ...