Bloomberg The UK Treasury shortlisted two women and seven men to replace Mark Carney as governor of the Bank of England (BOE). Of the 23 applicants for the post, 21 were male, and both of the female candidates went through to the interview round, Chancellor Sajid Javid said in a December letter to Parliament’s Treasury Committee which was published on ...

Bloomberg Airbus SE and AirAsia Bhd, the discount airline built by Tony Fernandes, were inseparable for years, with the boisterous aviation executive gorging on ever-larger aircraft orders to become the manufacturer’s single biggest customer for single-aisle jets. That happy marriage ended in acrimony last week after Airbus admitted to illegally trying to sway decision makers in aircraft sales and agreed ...

Bloomberg Government regulators plan to review drone designs in the same way they review other aircraft, a major step towards allowing routine drone deliveries and other flights over congested cities. The Federal Aviation Administration (FAA) announced it’s seeking comment from the public and the drone industry on what criteria should be used for determining whether these novel new devices are ...

Bloomberg An Air Canada passenger flight with 128 passengers on board landed safely at Madrid’s Barajas airport after the aircraft suffered damage following takeoff. The aircraft made its emergency landing “without incident” shortly after 7pm in Madrid and engineers were now checking it over, airport operator AENA said in a tweet. Flight AC837 bound for Toronto had earlier aborted its ...

Bloomberg A group including two of Forever 21 Inc’s biggest landlords has offered to buy the bankrupt retailer for $81 million, a fraction of what the international fashion pioneer was once worth. The consortium of Simon Property Group Inc, Brookfield Property Partners LP and Authentic Brands Group LLC is seeking to buy substantially all of the company’s assets, according to ...

Bloomberg Hudson’s Bay Co Chairman Richard Baker was in talks about selling the Canadian retailer’s stake in its European business when he started to formulate his own plan to take the owner of Saks Fifth Avenue private, according to a regulatory filing. The document offers a look into Baker’s role in the sale of Hudson’s Bay’s stake in a joint ...

Bloomberg BP Plc surprised investors with a slight increase in its dividend, bucking the trend in what has otherwise been a bleak earnings season for Big Oil. In the final set of results for retiring CEO Bob Dudley, the London-based company offered some respite for investors who received nothing but bad news from BP’s peers. Big payouts, whether as dividends ...

Bloomberg Asia’s natural gas price plunged to a record low on concerns the spread of the deadly virus that has stricken China will hurt demand already weakened by an unusually mild winter. The Platts Japan/Korea marker, a benchmark for liquefied natural gas (LNG), tumbled to $3.512 per million British thermal units, half the spot market rate in October when the ...

Bloomberg Denmark’s largest pension fund is offering a new product that gives customers the option of placing retirement savings in climate-focussed investments. PFA’s Climate Plus comprises asset classes from companies working on reducing CO2 emissions, combined with investments in projects such as offshore wind farms and sustainable properties, the fund said. The product, which will be made available to customers ...

Bloomberg Alphabet Inc reported quarterly revenue that missed analysts’ estimates, and new sales numbers on YouTube also disappointed Wall Street, sending the shares down more than 4% in extended trading. Overall revenue, excluding payments to partners, was $37.6 billion in the fourth quarter, less than analysts’ projections of $38.4 billion, according to data compiled by Bloomberg. Advertising revenue in the ...