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  Bloomberg Russia offered to compensate owners of jets commandeered by the country, a bid to smooth relations with leasing companies that stand to lose billions of dollars on rented aircraft they can’t get back. Authorities in Moscow are seeking ways to legally get round sanctions requiring international firms to recall the planes, Transport Minister Vitaly Savelyev said. Options include ...

  Bloomberg The health ministers of Malaysia and Singapore agreed to work on resuming travel completely between the two countries considering the pandemic situation has stabilized, Malaysian Health Minister Khairy Jamaluddin wrote on Twitter. The two ministers agreed they can immediately work on enabling full resumption of air and land travel for fully vaccinated people, Khairy said. He met with ...

  Bloomberg Air New Zealand has announced plans to fly directly to New York — one of the longest routes in the world — as the country begins to rebuild a tourism industry that’s been decimated by the pandemic. The carrier said it will begin direct flights from Auckland to John F Kennedy Airport in September. At just over 16 ...

Bloomberg President Joe Biden faces a crucial test of his ability to project power and reassurance amid the biggest European security crisis in decades, as he seeks to rally US allies around harder-hitting sanctions to punish Russia for invading Ukraine. Biden will join back-to-back summits Thursday with Nato, the Group of Seven and the European Union in Brussels, where the ...

Bloomberg Poland expelled 45 Russian diplomats after arresting a low-level civil servant on suspicion of spying, joining a counter-espionage crackdown taking places across the EU’s east following Moscow’s attack of Ukraine. The diplomats, which Polish intelligence identified as officers of the Russian special services and their associates, will have to leave the country in the next five days, Foreign Ministry ...

  Bloomberg Finland has taken legal custody of 21 yachts while it investigates whether their owners are sanctioned following Russia’s attack on Ukraine. The luxury boats sit in winter storage and cannot be transferred while Finnish Customs looks into their beneficial owners, Sami Rakshit, head of the enforcement department, said by phone on Wednesday. Asked to describe the boats, Rakshit ...

Bloomberg Ukrainian President Volodymyr Zelenskiy urged Japanese lawmakers to expand their already unprecedented sanctions regime against Russia, saying he needed more help to turn back the “tsunami of brutal invasion.” In a speech on Wednesday to the Japanese Diet, Zelenskiy reiterated his call for a trade embargo against Russia. The video address — like his other appeals to supportive parliaments ...

  Bloomberg The US and Philippines will hold their biggest military drills in three decades as tensions grow with China, injecting new life into a defense alliance that had languished in recent years. Some 5,100 American soldiers and 3,800 Philippine military members will train in the Southeast Asian nation from March 28 to April 8, the US Embassy in Manila ...

  Bloomberg European bank regulators are set to start work later this year on adding climate-change risks to the framework for setting capital requirements, in a shift that would penalise lenders for failing to prepare for losses from extreme weather and the shift to clean energy. Several members of the European Central Bank’s (ECB) supervisory board say they expect to ...

  Bloomberg Citigroup Inc. is putting its waterfront Dublin office on the market, as the lender looks for a new location in the city. The six-storey building at 1 North Wall Quay in Dublin’s docklands is expected to fetch more than 120 million euros ($132 million), Knight Frank said in an emailed statement. The bank has occupied the 230,000 square ...