Bloomberg British Airways is planning to cut the number of flights it operates from London Gatwickas the coronavirus pandemic continues to slam the travel industry, the Mail reported. The carrier aims to shift business to Heathrow — Britain’s largest airport — where it will counter falling demand for business travel by boosting premium leisure flights to long-haul holiday destinations, the ...

Bloomberg White House Chief of Staff Mark Meadows said the goal in talks with House Speaker Nancy Pelosi is a deal on a coronavirus relief package within the next 48 hours. “The last 24 hours have moved the ball down the field,” Meadows said on Fox Business Wednesday, after the latest round of talks between Pelosi and Treasury Secretary Steven ...

Bloomberg A special unit of Taliban extremists ambushed a convoy of Afghan security forces, killing as many as 34 even as the insurgent group holds peace talks with the Kabul government to end the 19-year-old war. The night raid by Taliban fighters, some armed with night-vision goggles and laser-assisted rifles, took place in Afghanistan’s north as the convoy made its ...

Bloomberg Thai Prime Minister Prayuth Chan-Ocha said his government is prepared to withdraw emergency rules banning large gatherings in the capital if the mounting protests demanding his ouster and monarchy reforms remain peaceful. Prayuth’s pledge to review the state of emergency issued last week and open the doors for talks came as thousands of protesters marched to the prime minister’s ...

Bloomberg Malaysia’s United Malays National Organization (UMNO) party expressed its support for the government, in a boost to PM Muhyiddin Yassin’s leadership. The party, the largest block in the ruling coalition, announced a “political ceasefire” and said it will back the government’s efforts to manage the pandemic and boost economic growth, according to a statement from UMNO President Ahmad Zahid ...

Bloomberg Hundreds of young Nigerians defied a lockdown and returned to the streets of Lagos, Africa’s most populous city, a day after the security forces violently confronted protesters. Youths carrying sticks and metal poles set tires on fire and chased cars that tried to evade barricades they’d erected along one of Lagos’s main expressways. Several other streets were also sealed ...

Bloomberg Milan, Italy’s financial capital, will be under night-time curfew starting from Thursday in a bid to contain the renewed spread of the coronavirus, even as Giuseppe Conte’s government weighs softer nationwide measures. The curfew in Lombardy, Italy’s most populous region which includes Milan, will be enforced from 11 pm to 5 am, according to a copy of a decree ...

Bloomberg The Bank of Japan (BOJ) is likely to consider changing its inflation forecasts to reflect the short-term impact on prices of a government travel campaign at its policy meeting next week, according to people familiar with the matter. The central bank will probably discuss cutting its price projection for the year ending in March to account for the downward ...

Bloomberg UBS Group AG posted better-than-expected third-quarter profit and set aside $1.5 billion for share buybacks next year as Chief Executive Officer Sergio Ermotti prepares to hand over to Ralph Hamers. The Zurich-based wealth manager — the world’s largest — followed US banks in reporting earnings that benefited from increased market volatility and higher transaction-based income. It also unexpectedly saw ...

Bloomberg Bank of Thailand’s new governor said he’s looking into new measures to boost the economy as it faces a long and uneven road to recovery from the coronavirus pandemic. The policy response to the economic crisis should be long term, factoring in challenges likely to arise over the next two years, Governor Sethaput Suthiwart-Narueput told reporters at his first ...