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Bloomberg Korean Air Lines Co’s bid to acquire smaller South Korean rival Asiana Airlines Inc for 1.8 trillion won ($1.4 billion) faces an in-depth merger review in the European Union after regulators expressed antitrust concerns. The European Commission (EC) warned the deal “could eliminate potential competition in passenger transport services” between the EU region and South Korea and also that ...

  Bloomberg The number of people passing through Hong Kong’s airport jumped last month as travel restrictions eased and China reopened borders for the first time since the pandemic began. Hong Kong International Airport reported 2.1 million passengers in January, nearly 2,900% growth from the same period last year. Traffic to and from Southeast Asia and Japan recorded the most ...

  Hong Kong / Gulf Time Emirates Palace Hotel has officially rebranded as Emirates Palace Mandarin Oriental, Abu Dhabi, signalling a new golden era as part of the Mandarin Oriental Hotel Group portfolio. This exciting chapter will celebrate and build upon the hotel’s distinctive legacy while introducing unparalleled experiences for guests, further cementing its position as world’s most iconic beachfront ...

  Bloomberg Passengers boarding a trans-Pacific flight from Auckland to New York evening had no idea of the rude awakening that awaited them: a 16-hour ordeal that saw them back at square one. Air New Zealand Ltd Flight NZ2 should have touched down at John F Kennedy International Airport Terminal 1, but a power outage threw operations into disarray, affecting ...

  Bloomberg Terminal 1 at New York’s John F Kennedy International Airport reopened with limited operations, two days after a power outage forced flight delays and diversions. Normal flight operations will resume as scheduled on Sunday, the Port Authority of New York and New Jersey said. “Necessary electrical repairs were completed in JFK Terminal 1 overnight and full power has ...

Bloomberg The UK Treasury is expected to post the largest budget deficit for any January in at least 25 years, tying the hands of Chancellor Jeremy Hunt as he faces calls to cut taxes and boost public-sector pay. In normal times, January delivers a bumper surplus as workers and companies settle their tax bills. But this year, spending is being ...

  Bloomberg SpaceX is facing a $175,000 fine from the Federal Aviation Administration (FAA) for failing to provide proper advance data about an August 2022 Starlink launch and its potential for collision with debris in orbit. “SpaceX was required to submit the data to the agency at least seven days prior to an attempted launch,” the FAA said in a ...

  Bloomberg Renault SA’s Alpine is once again in the run for a Formula 1 championship this season but with a much bigger prize in mind than just gaining a few podiums. It’s seeking women drivers. The brand, which finished fourth last year in the constructors championship, is boosting investments to develop female talent in professional racing, a male-only realm ...

Bloomberg Tesla Inc has been weighing a takeover of battery-metals miner Sigma Lithium Corp, people with knowledge of the matter said, amid rampant demand for the metal used in electric vehicle batteries. The EV maker run by Elon Musk has been speaking with potential advisers about a bid, said the people, who asked not to be identified discussing confidential information. ...

  Bloomberg Formula 1 “will never switch to electric,” Stefano Domenicali, president and chief executive officer of the motor sport group, said in an interview published by Italian newspaper Il Sole 24 Ore. To help lower emissions, F1 is developing a zero-emission petrol that “could be used by planes and vessels” as well, Domenicali said. The successor of Bernie Ecclestone ...