The protest in Zhengzhou by victims of a bank fraud and its violent suppression by unidentified men caused an outcry on Chinese social media and captured the attention of the world’s press. Nowhere will the images have resonated more strongly than in Hong Kong. That’s partly because in the current climate it’s all but impossible to imagine a similar ...
Read More »Heathrow shifts from UK’s travel nightmare to Europe’s gateway
Bloomberg Less than a decade ago, London’s Heathrow was the undisputed hub airport for Europe, with thousands of daily passengers and an ambitious expansion plan that included a brand new runway. Terminal 5 was still a novelty — the UK’s largest free-standing building hosted a string of glitzy shops and restaurants, including one founded by celebrity chef Gordon Ramsay. The ...
Read More »Star Alliance CEO Goh to step down at year-end
Bloomberg Jeffrey Goh, the chief executive officer of Star Alliance, will step down at the end of the year to pursue other interests. Goh, who has spent 16 years at the alliance including six in the top job, said he’s agreed to stay on to support the transition to the next head. An international search will be undertaken shortly ...
Read More »LOT Polish Airlines close to order 60 Airbus A220s
Bloomberg LOT Polish Airlines SA is close to ordering as many as 60 Airbus SE A220 jets as it looks to swap out its aging Embraer SA plane. The Warsaw-based carrier is in advanced talks with the European planemaker and while the details may change, any deal could be announced as early as next week’s Farnborough International Airshow, the ...
Read More »Amazon mulls ending private-label sales
Bloomberg Amazon.com Inc. has considered abandoning its private-label business as a peace offering to regulators. The company’s growing set of house brands is at the core of investigations launched by US and European regulators into whether the world’s largest e-commerce company is abusing its market power. Regulators have accused Amazon of using in-house sales data to select best-selling products sold ...
Read More »Aeromexico plans US stock listing
Bloomberg Grupo Aeromexico SAB, seeking a more liquid stock market, is planning to delist from the Mexican exchange and trade in New York as soon as this year. The airline’s board in June approved a plan to cancel its registration in its home country and launch a voluntary tender offer for outstanding shares. Aeromexico emerged from Chapter 11 in March ...
Read More »Boeing sees slower growth
Bloomberg Boeing Co. is tempering expectations for commercial aircraft demand in the coming decades, as the prospect of lower global economic growth and uncertainty surrounding Russia pressure jet deliveries. Manufacturers will hand over 41,170 new planes to customers through 2041, Boeing predicted in its latest long-term outlook for the commercial market. That would mark a slower pace than it saw ...
Read More »Italian parties brace for snap elections with Draghi unmoved
Bloomberg Italy’s political parties are readying for possible snap elections, even as some of them redouble efforts to convince Prime Minister Mario Draghi to rethink his determination to resign. While talks to patch up the current majority, or form a new one, continue, Italy’s political groupings are making preparations for a potential vote, several party and government officials said, asking ...
Read More »Pakistan’s ruling coalition, Imran Khan face off in by-elections
Bloomberg Voting was underway in Pakistan’s most populous province of Punjab on Sunday for several by-elections that are a litmus test for Prime Minister Shehbaz Sharif’s government after Imran Khan was ousted in April following a protracted political battle. A victory for Khan’s Pakistan Tehreek-e-Insaf will give the former leader the renewed momentum to pressure the government to hold ...
Read More »Balkan countries sign deal to unlock EU enlargement talks
Bloomberg Two Balkan states signed an agreement that will allow North Macedonia and Albania to formally start negotiations to join the European Union, a process long-delayed by bilateral quarrels between countries in the volatile region. Bujar Osmani, North Macedonia’s foreign minister, signed the protocol with his Bulgarian counterpart in Sofia, Bulgaria’s capital, on Sunday. The move came a day ...
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