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Bloomberg Airbus SE and Qantas Airways Ltd will make a joint investment aimed at kick-starting Australia’s sustainable aviation fuel industry. The planemaker and airline plan to invest as much as $200 million to accelerate the adoption of SAF in the country, they said. “The use of SAF is increasing globally as governments and industry work together to find ways to ...

  Bloomberg Berjaya Food Bhd, which operates Starbucks and chicken-based restaurant chain Kenny Rogers Roasters outlets across Malaysia, is looking to curb costs internally rather than pass on rising production costs to consumers. “For us, the last thing we want to do is increase prices. Consumers feel it if you pass the cost” to them, Group Chief Executive Officer Sydney ...

Bloomberg Colombia is bracing for the prospect of a radical change in economic and political direction after electing a former guerrilla to the presidency on a platform of transforming the country’s business-friendly model. Gustavo Petro, 62, defeated construction magnate Rodolfo Hernandez in Sunday’s runoff vote, giving him a shot at enacting a program that includes plans to tax big landowners, ...

Bloomberg President Emmanuel Macron made history in the French legislative elections, just not in the way he hoped. The 44-year-old centrist became the first president in decades to fail to garner an absolute majority in parliament, falling short of the 289-seat threshold. His alliance, however, will still remain the largest bloc. That means that while Macron may be able to ...

Bloomberg The Bank of England (BOE) plans to scrap rules introduced in the aftermath of the financial crisis designed to test whether borrowers could afford their mortgages in the event of significant interest rate rises. The central bank’s Financial Policy Committee said it would withdraw the so-called affordability test from August 1, according to a statement on Monday. The rule, ...

  Bloomberg Jyske Bank agreed to buy the Danish unit of Svenska Handelsbanken, in what is potentially the biggest bank deal in Denmark in two decades. Jyske will pay a cash consideration to be determined at the closing, plus a premium of $420 million for the unit which has assets of almost $10 billion, the banks said in statements on ...

  Bloomberg The Reserve Bank of India (RBI) will support internationalisation of the country’s popular unified payments interface (UPI) digital payments system, part of its vision for the coming years. “Enhanced interest evinced by major countries across the globe in India’s UPI could accelerate growth in trade and commerce with partnering countries while reducing speed and cost of remittances,” the ...

  Bloomberg Prime Minister Fumio Kishida said the Bank of Japan’s (BOJ) policy of monetary easing should remain on track for now, considering the negative impact a change would have on smaller companies. Monetary policy “should be judged comprehensively by taking into account the trends of the economy as a whole,” Kishida said on a Fuji Television network program. “A ...

Bloomberg European companies could find it hard to bargain for the kinder interest rates that the relationship-driven corporate loan market typically offers, as inflation and tighter monetary policy begin to bite into their funders’ pockets. Pricing is likely to rise for corporate loan borrowers in the near future, said Carlo Fontana, head of global syndicate at UniCredit SpA. “Banks’ cost ...

  Bloomberg Chinese banks kept their main lending rates unchanged on Monday, with the start of a gradual economic recovery from Covid lockdowns and tighter monetary policy in the rest of the world clouding the outlook for more central bank stimulus. The one-year loan prime rate was left at 3.7%, in line with forecasts and where it’s been since a ...