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  Bloomberg FedEx Corp pilots are inching closer to a potential strike as negotiations stall on a new labour agreement. Leaders of the FedEx Express pilots union approved a strike authorisation vote, according to a statement from the Air Line Pilots Association. A date for the vote wasn’t specified. The union said no new talks have been scheduled between the ...

Bloomberg Taiwan will offer 500,000 tourists a cash or discount incentive this year as it tries to shore up its post-pandemic travel industry and boost spending. The incentives, worth NT$5,000 ($165) each, were announced as part of a NT$5.3 billion package to attract international tourists. The total value of the perks comes to NT$2.5 billion ($82.4 million). A spokesperson for ...

  Bloomberg Data centre operator GDS Holdings Ltd is considering selling a minority stake in its international business for about $300 million to $400 million to a strategic partner, according to people familiar with the matter. The Shanghai-based digital infrastructure company is working with an adviser and is weighing selling about a 30% to 40% stake in the assets, the ...

  Bloomberg Thailand plans to enlist the services of private companies to boost response to its long-term resident visa program targeted at highly-skilled foreign workers and wealthy pensioners. The firms will assist government agencies to draw more applications for the 10-year resident visas unveiled last year, according to Narit Therdsteerasukdi, secretary-general of Thailand’s Board of Investment. They will also promote ...

  Bloomberg Singapore’s core inflation, the gauge closely-watched by the central bank, rose to a 14-year high, even after the central bank has tightened policy five times since October 2021. The measure, which excludes private transport and accommodation, rose 5.5% in January from a year earlier, the fastest pace since November 2008 according to a statement. That compares with a ...

  Bloomberg Grab Holdings Ltd brought forward its profitability target after posting a narrower quarterly loss, helped by reduced spending by the Southeast Asian ride-hailing and food-delivery provider. The stock jumped 8% in pre-market trading after Grab said it expects to reach positive adjusted earnings before interest, taxes, depreciation and amortisation in the final quarter of 2023. It previously expected ...

  Bloomberg Vietnam’s property debt crisis is intensifying as the country’s second-largest developer joined the ranks of peers seeking debt extensions after failing to repay a bond on time. No Va Land Investment Group said it will delay repayment of a 1 trillion dong ($42 million) note originally due on February 12 and asked holders for an extension or to ...

Bloomberg Group of Seven (G-7) finance ministers once again condemned Russia’s war in Ukraine on the eve of its one-year mark and pledged to increase financial support for Ukraine. G-7 finance ministers increased their budget to $39 billion dollars and reaffirmed their “unwavering support for Ukraine,” calling Russia’s aggression as “illegal, unjustifiable and unprovoked” in a statement issued on Thursday. ...

Bloomberg Finland is set to join Nato if it gets the last outstanding ratifications for its membership bid, regardless of what progress Sweden has made towards joining the alliance, President Sauli Niinisto said. Finland’s parliament has moved ahead with a domestic process to ratify the Nordic country’s accession to Nato, raising questions about whether the two countries could be admitted ...

  Bloomberg China is considering installing veteran banker Zhu Hexin as its next central bank governor, while a close ally of Xi Jinping is a likely candidate to become its Communist Party chief, the Wall Street Journal reported. He Lifeng, expected to replace Liu He as China’s vice premier responsible for economic policy in a government reshuffle next month, is ...