Bloomberg A European Union (EU) report found that an aviation industry agreement to tackle global carbon-dioxide emissions may not have a materially positive impact on the environment. The findings were made in September by the Directorate-General for Climate Action and published by non-profit Transport & Environment, which obtained the report. It said the Corsia system is less effective than existing ...

Bloomberg South Korea’s largest travel app Yanolja Co. is in talks with banks to go public through a dual listing in Seoul and overseas, people with knowledge of the matter said, joining a growing cohort of startups seeking higher valuations abroad. The company is aiming for a value of more than $4 billion, one of the people said, confirming previous ...

Bloomberg British Airways is considering putting its sprawling headquarters in London up for sale as the flagship UK carrier plans for a so-called hybrid approach to working, according to an internal email. The airline has hired a specialist property company to gauge if a sale of the building, known as Waterside, would be beneficial, Stuart Kennedy, BA’s director of people, ...

Bloomberg An Indian court has halted implementation of a ruling that froze assets of Future Retail Ltd. and its founders on a petition by Amazon.com Inc. The American giant wants to block the sale of the retailer to Mukesh Ambani’s Reliance Industries Ltd. The Delhi High Court stayed the March 18 verdict that had ordered Future Retail to ask regulators ...

Bloomberg Nestle SA is preparing for post-pandemic coffee growth as the world’s largest food company rolls out touchless machines for the office and bets new flavors will win over more consumers making coffee at home. The maker of Nespresso and Nescafe is planning a wider introduction of machines that can be controlled via smartphone, catering to concern about viral transmission, ...

Bloomberg This week Joe Biden made good on his campaign promise to work more with allies to pressure China, coordinating with US partners to impose sanctions over alleged human-rights abuses in Xinjiang. Beijing’s response: Hit back at the allies as hard as possible. China wasted no time immediately retaliating with reciprocal sanctions against European Union officials while summoning the bloc’s ...

Bloomberg The US expressed concerns over the presence of more than 200 Chinese fishing vessels near a disputed South China Sea reef, saying Beijing uses “maritime militia to intimidate, provoke and threaten other nations.” Chinese boats “have been mooring in this area for many months in ever increasing numbers, regardless of the weather,” the US embassy in the Philippines said ...

Bloomberg An Australian adviser to Myanmar’s detained civilian leader, Aung San Suu Kyi, is being investigated by the authorities under two separate charges, the junta’s main spokesman said on Tuesday. Sean Turnell, who was detained shortly after the military takeover of the country in a coup on February 1, is being investigated for violations of Myanmar’s immigration and official secrets ...

Bloomberg Scottish First Minister Nicola Sturgeon will seek to shift the focus back onto her push for an independence referendum after facing the biggest threat to her job since coming to power more than six years ago. The Scottish National Party leader is all but sure to survive a no-confidence vote that Prime Minister Boris Johnson’s Conservatives had hoped would ...

Bloomberg Morgan Stanley is doubling down on its efforts to help Mitsubishi UFJ Financial Group Inc. replicate the US lender’s highly successful wealth management business in Japan, where competition to serve rich clients is intensifying. The New York-based lender has dispatched Darren Spencer, the former chief operating officer of Morgan Stanley Private Wealth Management, to Tokyo to train staff and ...