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Bloomberg American Airlines Group Inc is stepping back from fees of as much as $750 to change tickets for international travel, largely abandoning a widely loathed charge as the company rushes to lure passengers back to its long-distance flights. Change fees will cease on flights originating in North or South America for all but the cheapest “basic economy” fares, American ...

Bloomberg The founders of troubled Mexican airline Interjet are negotiating a settlement with tax authorities in an effort to avoid potential criminal fraud charges that could be filed as soon as next month, said an official familiar with the matter. Miguel Aleman Magnani, Interjet’s chief executive officer, and his father, Chairman Miguel Aleman Velasco, could face fraud charges, as could ...

Bloomberg Foot Locker Inc rose in early trading after surprisingly robust same-store sales powered earnings past analysts’ estimates. The athletic-footwear retailer said that comparable sales rose 7.7% in the period, better than the 0.9% analysts expected according to Consensus Metrix. Adjusted earnings of $1.21 a share topped the estimate of 66 cents compiled by Bloomberg. Foot Locker continued the resilience ...

Bloomberg President Donald Trump is facing rising pressure from prominent Republicans to begin a transition to President-elect Joe Biden — or even concede defeat — as Trump’s long-shot legal challenges failed to gain traction. Several key allies for Trump appeared to lose their patience over the weekend. Senators Lisa Murkowski of Alaska and Kevin Cramer of North Dakota — one ...

Bloomberg Foreign Secretary Dominic Raab is consulting with the UK’s most senior legal officer on the position of British judges in Hong Kong’s Court of Final Appeal, as he condemned China’s “chilling” national security law for suppressing legal freedoms in the former British colony. Hong Kong’s independent judiciary is a key to its success as a global financial hub, and ...

Bloomberg Ethiopia’s government and Tigrayan authorities have issued contradictory accounts of who’s winning a conflict that’s been raging in the dissident northern state since November 4 and triggered a humanitarian crisis in Africa’s second-most populous nation. Prime Minister Abiy Ahmed’s administration said its troops have seized control of several Tigrayan towns, indicated the fall of its capital, Mekelle, is imminent ...

Bloomberg The US has withdrawn from the Open Skies Treaty due to non-compliance by Russia, Secretary of State Michael Pompeo said, making good on a planned move by the outgoing Trump administration. The move was immediately criticised by a top Democrat, who urged President-elect Joe Biden to reverse the decision next year. “Today, pursuant to earlier notice provided, the United ...

Bloomberg A senior US military officer who oversees intelligence gathering for the Indo-Pacific Command made an unannounced visit to Taiwan, Reuters reported, a move that risks further raising tensions between Washington and Beijing. The visiting official was US Navy Rear Admiral Michael Studeman, Reuters said, citing two unidentified sources. In a statement, Taiwan’s Foreign Ministry said it welcomed the visit ...

Bloomberg Prominent Hong Kong activist Joshua Wong was taken into custody on Monday after he pled guilty to inciting and organising an unauthorised assembly for his part in a dramatic siege of police headquarters last year during the city’s mass protests. The activist, however, entered a not guilty plea to the charge of knowingly taking part in an unauthorised assembly, ...

Bloomberg Health Secretary Matt Hancock said the UK plans to start rolling out two coronavirus vaccines next month before the program gathers pace in the new year, with a return to “normal” possible in the spring. Hancock was responding to trial results announced on Monday by the University of Oxford and AstraZeneca Plc showing their Covid-19 vaccine prevented a majority ...