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Bloomberg Jollibee Foods Corp., the largest Philippine restaurant operator, is looking toward foreign expansion and “opportunities” created by Covid-19 as it rebounds after historic losses induced by the pandemic. After a restructure amid last year’s setback, Jollibee CEO Ernesto Tanmantiong plans to open 450 restaurants around the world this year while looking for acquisitions that could be funded with the ...

Bloomberg Thailand’s finance ministry, the largest shareholder of Thai Airways International Pcl, signalled its support for a restructuring plan that includes raising fresh capital, a temporary freeze on repayment of borrowings and slashing its workforce by half to return the debt-ridden airline to profit. The key elements of the debt rehabilitation plan are “quite acceptable,” Pantip Sripimol, director general of ...

Bloomberg Boeing Co. selected a new honcho for its 737 Max jetliner program — the fifth executive to hold the post since 2018. Ed Clark Jr., a vice president who previously served as chief mechanic and chief engineer for the single-aisle aircraft family, was named general manager of the operation, according to a memo sent to employees. His duties include ...

Bloomberg President Joe Biden agreed that Russian President Vladimir Putin is a “killer,” and said in an interview with ABC News on Wednesday that Russia would pay for alleged interference in US elections. His comments, came the same day as a US intelligence community report that Putin ordered influence operations to hurt Biden’s candidacy, favouring former President Donald Trump just ...

Bloomberg At least eight people were killed in shootings at three Asian massage parlors in the Atlanta area, sparking questions about how the US can curb the discrimination and violence against Asians that has escalated during the coronavirus pandemic. Police arrested Robert Aaron Long, 21, in connection with all three incidents. Atlanta area authorities said at least six of the ...

Bloomberg Prime Minister Boris Johnson insisted the UK must be ready to increase trade with China, in the face of criticism that his government is putting commercial deals ahead of security and human rights. Setting out his principles for the UK’s future foreign and defense policy, Johnson told Parliament his administration would defend its values as well as its interests. ...

Bloomberg Denmark will send a naval vessel to West Africa’s Gulf of Guinea to aid the fight against rampant piracy. The decision follows a call by A.P. Moller-Maersk A/S and shipping industry groups for a more assertive international response to kidnappings that occur in the region. The waters in the area are the most dangerous for seafarers worldwide, accounting for ...

Bloomberg Support for German Chancellor Angela Merkel’s conservative bloc slumped to its lowest in a year as discontent over the government’s handling of the vaccination rollout mounts and some opposition leaders called for her to fire the health minister. The stuttering pace of inoculation, irritation with months of lockdown restrictions and a scandal over allegations that some conservative lawmakers profited ...

Bloomberg Goldman Sachs Group Inc. led US banks plowing billions of fresh cash into China last year, undeterred by political turmoil as the world’s second-largest economy further opens its $50 trillion financial market. The bank’s “cross currency outstandings” rose 33% to $17.5 billion last year in China, covering a broad array of cash and financing to companies and government entities, ...

Bloomberg HSBC Holdings Plc’s main Hong Kong office was closed until further notice after three people working in the building tested positive for Covid-19 amid a renewed wave of infections among the city’s business and expatriate community. The Center for Health Protection has published a formal notice requiring visitors who stayed at the building for more than two hours between ...