Bloomberg UK Prime Minister Boris Johnson said the global aviation industry needs to limit carbon-dioxide emissions once air travel resumes following the coronavirus crisis. “Inadvertently this year the planet will greatly reduce its CO2 emissions,” Johnson said. “We need to entrench those gains. I don’t want to see us going back to an era of the same kind of emissions ...

Bloomberg Brookfield Asset Management Inc and Indian aviation tycoon Rahul Bhatia are considering bids for Virgin Australia Holdings Ltd, joining a score of suitors seeking to capitalise on Asia’s first airline casualty from the coronavirus pandemic, people with knowledge of the matter said. The Canadian investment firm, which manages more than $540 billion, is planning to make its own indicative ...

Bloomberg President Donald Trump said he doesn’t want to talk to Chinese President Xi Jinping right now and mused about eliminating the largest trading relationship in the world, with tensions high over the coronavirus outbreak. Asked in a Fox Business Network interview whether he had spoken to Xi recently, Trump said that they have “a very good relationship” but “right ...

Bloomberg Hackers working for the Chinese government are trying to steal valuable research on coronavirus vaccines and treatments from US healthcare, pharmaceutical and research organisations, the FBI and the Department of Homeland Security warned. “China’s efforts to target these sectors pose a significant threat to our nation’s response to Covid-19,” the Federal Bureau of Investigation and DHS’s Cybersecurity Infrastructure Security ...

Bloomberg Grigory Sverdlin has been doling out free meals from a night bus in Russia’s second-biggest city for the best part of the past two decades. Rarely has he seen so much demand as in the past few weeks. “In St. Petersburg we usually feed around 80 people a night at each of the four stops. Now there are 120-140 ...

Bloomberg Typhoon Vongfong, the Northern Hemisphere’s first named storm, was rapidly intensifying east of the Philippines, where it could clip parts of the island nation through Saturday, according to the US Joint Typhoon Warning Center in Hawaii. The storm, called Ambo in the Philippines, made landfall over San Policarpio town in Eastern Samar province in Visayas island on Thursday, the ...

Bloomberg Lloyd’s of London, the world’s largest insurance exchange, estimates the industry will suffer around $203 billion in losses from the coronavirus pandemic this year. The projected losses include about $107 billion from underwriting claims, with the rest from insurers’ investment portfolios, Lloyd’s said in a statement. The claims costs are on a par with some of the most catastrophic ...

Bloomberg The British government’s call to restart the economy may have sounded good, but there’s little evidence the country is taking heed. In the week when Prime Minister Boris Johnson said it was time to get back to work, some parts of the economy are humming along. What’s less clear is whether his decision to ease lockdown restrictions made much ...

Bloomberg Italy is trying to prop up its battered economy with a second stimulus package worth 55 billion euros. It may not be enough. Prime Minister Giuseppe Conte’s government approved the much-delayed measures in a bid to reduce the economic impact of the coronavirus pandemic. The plan focuses on liquidity for businesses and aid to families hurt by over two ...

Bloomberg Not all of Elon Musk’s projects have been thwarted by the coronavirus pandemic. While the billionaire clashed this week with local officials over restarting production at a Tesla Inc. factory in California, his tunnel-drilling company hit a new milestone in Nevada. A giant drill called Godot Plus broke through a wall near the spot where it will connect to ...