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Global leaders have spent these last critical weeks asking themselves: “What went wrong in Afghanistan?” They’d be better off asking: “What did we do wrong in Afghanistan?” To get a sense of how badly the foreign intervention went off-course, you could do worse than to scroll through the Twitter feed of the Special Inspector General for Afghanistan Reconstruction, known as ...

If the topic is a new Tesla model, then the first item on the agenda is how long it will be delayed. The polyhedral wonder that is the Cybertruck continues this grand tradition. While traditions hold true, however, the world around them changes. The Cybertruck was first unveiled at that impromptu window-smashing event in late 2019, scheduled to be available ...

Who wants to be a national leader in the pandemic era? Yoshihide Suga declared he was done after a year and relinquished leadership of Japan, which is wrestling with an inconsistent economic recovery and soaring infections. Governing in the Covid years is especially fraught for premiers that lack a popular mandate; it’s hard enough for those who actually won elections. ...

The highly anticipated US jobs report for August should make us feel sorry for those having to navigate through the flood of economic data, be they analysts or, more importantly, policy makers. With another set of data subject to divergent interpretations, the post-pandemic economic landscape remains both puzzling and uncertain. Constituting a big miss relative to expectations, the headline number ...

Bloomberg Philippine Airlines Inc filed for Chapter 11 bankruptcy in New York with a lender-supported plan that helps the country’s main carrier recover after the pandemic devastated global travel. The company aims to cut $2 billion in borrowings through a proposed restructuring plan, which needs court approval, it said. Philippine Airlines will also get $505 million in equity and debt ...

Bloomberg Wizz Air Holdings Plc has narrowed the gap with much larger Ryanair Holdings Plc during the coronavirus crisis, based on traffic figures for August, the peak month for summer tourist travel. Wizz carried almost one-third as many passengers as Ryanair last month, after expanding in markets such as Italy and Germany, according to traffic updates. In August 2019, the ...

Bloomberg Walmart Inc said it will raise wages for a swath of its US workforce, bringing its average hourly wage to $16.40 as the big-box retailer competes for employees amid a labour shortage. The raise of at least $1 per hour will start on September 25 and cover more than 565,000 workers, Walmart US Chief Executive Officer John Furner said ...

Bloomberg Ethiopian Airlines Group plans to resume flights with the Boeing Co 737 Max jet by early next year after reaching an out-of-court settlement with the US planemaker over a deadly crash in March 2019. Chief Executive Officer Tewolde GebreMariam is now convinced “beyond reasonable doubt” the model is safe after various modifications. He had previously said Africa’s biggest carrier ...

Bloomberg Malaysia lifted its ban on Boeing Co’s 737 Max jet, ending more than two years of grounding following two crashes involving the aircraft. The directive is applicable to local and foreign airlines operating commercial flights in Malaysia using the aircraft, the Civil Aviation Authority of Malaysia (CAAM) said in a statement. Malaysia’s decision comes after authorities in several countries ...

Bloomberg China’s top three airlines told analysts the government’s tight restrictions on international flights could last into the first half of next year due to Covid-prevention measures ahead of the Beijing Winter Olympics in February, HSBC Holdings Plc said. The continuation of curbs means a full international travel recovery isn’t likely until 2024, analysts including Parash Jain wrote in a ...