Like much of Joe Biden’s presidency to date, the $2.3 trillion infrastructure plan he laid out is remarkably ambitious. Rightly so. America’s economic future is at stake. The country needs a bold new commitment to public investment. The US is visibly falling behind. Any recent traveller to Beijing or Shanghai is struck by how shabby American airports and city grids ...

Bloomberg The French government and the European Commission have reached an agreement in principle on fresh financial support for Air France, which has been hurt by a drop in air travel since the start of the pandemic, Finance Minister Bruno Le Maire said. “It’s very good news for Air France, it’s very good news for the whole French aviation sector,” ...

Bloomberg Delta Air Lines Inc said it’s cancelled about 100 flights due to a staffing shortage, and as a result will allow travellers to book middle seats on some planes a month ahead of plan. “Delta teams have been working through various factors, including staffing, large numbers of employee vaccinations, and pilots returning to active status,” a spokeswoman said in ...

Bloomberg GameStop fell on Monday after the company said it may sell up to $1 billion worth of additional shares in an at-the-market equity offering program. Shares of the video game retailer declined more than 15% to $160.96 as of 7:19 am in New York. Jefferies will manage the offering of up to 3.5 million shares, according to a statement, ...

Bloomberg The Philippines warned Beijing it would face a barrage of diplomatic protests if Chinese vessels believed to be part of a “maritime militia” do not leave disputed South China Sea areas, escalating the spat between the two nations. “For every day of delay, the Republic of the Philippines will lodge a diplomatic protest,” the Department of Foreign Affairs said ...

Bloomberg Based on the official view from Beijing, the Philippines has no reason to worry about Chinese fishing boats sitting along a disputed reef in the South China Sea. The vessels — initially numbering in the hundreds — were simply “taking shelter from the wind” and the Philippines should view the situation in a “rational light,” Chinese Foreign Ministry spokeswoman ...

Bloomberg Donald Trump is spending his first months as an ex-president trying to ensure that he’s remembered the way he wants — but he’s holding off on plans to establish a library that would enshrine his version of his presidency. Refusing to cede the limelight, the former president has issued almost daily statements, set up a website and turned up ...

Bloomberg Kosovo lawmakers approved US educated jurist Vjosa Osmani as president, filling the post previously held by an ex-guerrilla who stepped down last year to face charges on war crimes. Osmani, 38, was elected with the backing of Premier Albin Kurti, whose anti-establishment Self-Determination Movement won February 14 elections. Both represent a new generation of leaders in the landlocked Balkan ...

Bloomberg Bulgarian Prime Minister Boyko Borissov’s party won Sunday’s general elections, but thorny ties with his political rivals complicated his path to a fourth term as leader of the European Union’s poorest and most corrupt member. Already one of the EU’s longest-serving leaders, the former bodyguard of the Balkan state’s last communist dictator capitalised on support from conservative voters drawn ...

Bloomberg The US is pressing ahead with plans to hit six nations that tax internet-based companies with retaliatory tariffs that could total almost $1 billion annually. Goods entering the US — ranging from Austrian grand pianos and British merry-go-rounds to Italian anchovies — could face tariffs of as much as 25% annually, documents published by the US Trade Representative (USTR) ...