March, 2021

• 1 March

  China still has ‘major safety concerns’ about 737 Max

  

  Bloomberg China still has major safety concerns about Boeing Co’s 737 Max, the deputy head of the country’s aviation regulator said on Monday when asked if it was considering following others in allowing the plane to fly again. Once issues have been fully addressed, China will conduct a final review of the aircraft, Dong Zhiyi said at a briefing in ...

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• 1 March

  Thai Air seeks $1.65bn infusion under revamp

  

  Bloomberg Thai Airways International Pcl is seeking a capital infusion of as much as 50 billion baht ($1.65 billion) under a debt restructuring plan set to be submitted to a bankruptcy court to keep the flag carrier operational, according to people familiar with the matter. The fund may be raised through equity, loans or convertible securities, said the people, who ...

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• 1 March

  City of London wants retail expansion despite slump

  

  Bloomberg London’s main financial district expects demand for stores from workers and visitors to increase even as retailers go bust because more consumers are shopping online. The City of London’s local government expects investors to add 122,500 square metres (1.3 million square feet) of retail space in the district over the coming 15 years, according to a proposed development plan. ...

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• 1 March

  Walmart lures Goldman bankers in bid to fight Wall Street

  

  Bloomberg Walmart Inc has lured a pair of senior Goldman Sachs bankers to help lead a new fintech startup as the retail giant muscles into the banking business. Omer Ismail, the head of Goldman’s consumer bank, is making a surprise exit to the fintech, according to people with knowledge of the matter. The world’s largest retailer made a splash last ...

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• 1 March

  Heathrow to charge departing passengers

  Bloomberg London’s Heathrow airport will charge departing passengers an extra 8.90 pounds ($12.40) in an effort to claw back costs as the coronavirus crisis depresses air travel. The tariff is permitted by the UK’s aviation regulator under a protocol that allows the hub to cover costs for utilities, baggage and check-in services. Heathrow makes “zero profit” from such activities, with ...

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• 1 March

  Myanmar’s deadliest day since coup leaves 18 dead

  

  Bloomberg Myanmar saw its deadliest day since the February 1 coup, with the United Nations saying at least 18 protesters were killed in a stark escalation of violence to quell persistent demonstrations against military rule. More than 30 other people were wounded when soldiers and police fired live ammunition into crowds in six cities across Myanmar, UN Human Rights Office ...

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• 1 March

  EU envoys approve Russia sanctions over Navalny jailing

  

  Bloomberg European Union (EU) ambassadors approved sanctions against four senior Russian law enforcement officials over the jailing of opposition leader Alexey Navalny, according to three people familiar with the decision. The restrictive measures are expected to be formally adopted by the bloc’s 27 capitals in a written procedure this week, said one of the people, who asked not to be ...

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• 1 March

  Trump freezes Republican field with hints of a 2016 rerun

  

  Bloomberg Donald Trump didn’t formally announce his candidacy for president at the year’s marquee conservative gathering, but inched close enough to effectively freeze the 2024 Republican field and put would-be rivals on notice that he remains both king and kingmaker. The former president’s central argument at the Conservative Political Action Conference in Orlando, Florida, was that he’s the best candidate ...

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• 1 March

  Hungary’s prime minister poised to pull party from EU center-right group

  

  Bloomberg Hungarian Prime Minister Viktor Orban threatened to finalise the divorce between his Fidesz party and the European Union’s biggest political group after a long feud over democratic norms. The European People’s Party (EPP) is considering tightening rules that govern its membership, making it easier to expel parties that fall short of fundamental freedoms and values. EU leaders will likely ...

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• 1 March

  Bukele allies on track to win landslide in Salvador

  

  Bloomberg Allies of President Nayib Bukele were on track to win a landslide in El Salvador congressional elections, according to a partial vote count. Bukele’s Nuevas Ideas party and its allies appeared to have secured about two thirds of votes cast, according to a chart published by the electoral authority more than six hours after polls closed, with 13% of ...

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