Bloomberg The pound may be back from the precipice, but it’s still some way from sunlit uplands. A formal request to delay Brexit has all but removed the risk of a sterling crash triggered by a no-deal scenario. Instead, it’s left the pound in limbo and exposed to a tangle of political quarrels on both sides of the English Channel. ...

Bloomberg Indonesian investigators found sweeping problems and missteps in connection with last year’s fatal Lion Air crash, including design flaws in Boeing Co’s 737 Max jet, certification failures by the US regulator and a raft of errors at the airline by pilots and mechanics. In a much-anticipated report, the National Transportation Safety Committee (NTSC) listed its findings and recommended fixes ...

Bloomberg InterGlobe Aviation reported a wider-than-expected quarterly loss, amid fierce competition in India, illustrating how even the country’s biggest airline isn’t immune to challenges in one of the world’s fastest-growing aviation markets. Loss at the operator of IndiGo widened to 10.7 billion rupees ($150 million) for the three months ended on September 30, compared with a loss of 6.5 billion ...

Bloomberg American Airlines Group Inc surged as executives sketched out a robust outlook for 2020 after two punishing years for investors. Profit and cash flow are poised to rise as the company improves operations and reaches the end of heavy investments in new jets, Chief Executive Officer Doug Parker said. That will enable the company to cut debt even if ...

Bloomberg Amazon.com Inc’s effort to get packages from warehouse to doorstep in a single day helped push the retail giant to its first year-over-year quarterly profit decline since early 2017. The spending binge isn’t over. Amazon Chief Financial Officer Brian Olsavsky said that the costs of the company’s one-day delivery push will total some $1.5 billion during the holiday quarter. ...

Bloomberg United Airlines and Apple Inc are in early discussions about upgrading United’s terminal at San Francisco (SFO) International airport. The talks between the companies have just begun and the specific upgrades that would come to the SFO airport terminal are unclear. “The Apple team in San Francisco has been in our baggage hold areas, customer service and the lobbies,” ...

Bloomberg China said parts of the text for the first phase of a trade deal with the US are “basically completed” as the two sides reached a consensus in areas including standards used by agricultural regulators. The Saturday comments followed a call with Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. The trade ...

DUBAI / WAM Mariam Almheiri, UAE Minister of State for Food Security, has undertaken an official two-day visit to the United Kingdom, where she held a number of meetings with government ministers, officials and representatives of prominent food research centres, universities and companies, to explore bilateral cooperation in the areas of food trade, investment and scientific research. Speaking about her ...

LONDON / WAM The National Media Council (NMC) Director-General, Mansour Al Mansouri, noted UAE’s journey and impact of tech revolution during nation’s growth, at One Young World Summit in London. In a session titled, ‘The New Age of Conversation’, Al Mansouri said, “In UAE, tech revolution has developed in parallel with growth of our own nation,” highlighting future of communications ...

Bloomberg Global energy markets have “a ready supply” of oil as the US boosts production and exports and continues to seek deals to sell its crude and natural gas, Energy Secretary Rick Perry said. The increase in US production and exports helped ease the price spike after attacks on Saudi oil infrastructure last month, Perry told reporters during a briefing ...