Bloomberg Airbus SE Chief Executive Officer Guillaume Faury said a UK split from the European Union without a trade deal could threaten the planemaker’s investment plans in the country. Decisions would be made based on how easy it is to conduct business after Brexit, he said at the Conference of Montreal. In the meantime, the company has no plans to ...

Bloomberg Qantas Airways Ltd’s low-cost carrier Jetstar said it will operate a record number of flights in Australia early next year as demand rebounds to higher than pre-pandemic levels. With fewer than 50 active Covid-19 cases, Australia is experiencing a domestic holiday boom as internal travel restrictions ease. The scale of the recovery suggests air passenger traffic, which has been ...

Bloomberg Air India Ltd has received early bids from the Tata Group and a cohort of its own employees as the government tries to rescue its loss-making flag carrier. Tata Sons Ltd, the holding company of the conglomerate that controls Jaguar Land Rover and part-owns Air Asia Co’s Indian unit, has submitted an expression of interest, according to people with ...

Bloomberg Hennes & Mauritz (H&M) and Zara owner Inditex both reported that an improvement in sales stalled in the autumn as a new round of Covid-19 lockdowns led consumers to curb spending on clothes. From late October through November, H&M’s sales fell 22% from a year earlier, the Swedish retailer said on Tuesday. Spanish rival Inditex reported a revenue decline ...

Bloomberg JPMorgan Chase & Co won a deal to issue cards in the US for Air Canada, the bank’s first new co-brand card partner in more than a decade. The companies plan to introduce the airline’s Aeroplan credit card in late 2021, using the Mastercard Inc network. The expectation is that air travel will have begun to recover by then ...

Bloomberg London’s Heathrow airport is waiting for a ruling from the UK Supreme Court on Wednesday that could give it permission to build a third runway that it may no longer need. An appeals court ruled in February that the government failed to take full account of the Paris Climate Agreement when approving the airport’s expansion. Heathrow was allowed to ...

Bloomberg Joe Biden officially clinched the presidency after the Electoral College confirmed his victory, capping a tumultuous period sparked by Donald Trump’s refusal to acknowledge he lost with the help of Republicans willing to support his unsubstantiated claims. Some Senate Republicans who had refused to recognize Biden’s overwhelming victory quickly started acknowledging that Trump lost and Biden will be inaugurated ...

Bloomberg Russian President Vladimir Putin sent Joe Biden a congratulatory telegram after the Electoral College formalised his victory in the November 3 election, making him among the last world leaders to recognise the US president-elect. Putin wished Biden luck and said Russia and the US can contribute to solving global problems, according to a Kremlin statement on Tuesday. “For my ...

Bloomberg Malaysia Prime Minister Muhyiddin Yassin has survived his latest leadership test after lawmakers approved his 2021 budget during the final vote in the lower house of parliament. According to House Speaker Azhar Azizan Harun, 111 MPs voted in favour of the spending plan, versus 108 who were against. The budget’s defeat would have been tantamount to the prime minister ...

Bloomberg Somalia’s government cut diplomatic ties with neighbouring Kenya, citing interference in its internal affairs. The announcement was made a day after Kenyan President Uhuru Kenyatta said he’s holding talks with the leader of a breakaway region of northern Somalia that’s lobbying for international recognition. The rift in relations comes as the two nations prepare to square-off at an international ...