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Bloomberg HSBC Holdings Plc has launched a public-relations offensive aimed at leaders in Beijing, reflecting worries that its position as the biggest foreign bank in China is at risk. With controversies such as the US-China trade war and the Hong Kong democracy protests swirling, the effort is aimed at repairing damage from the fallout of its role in the US ...

Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary gave a pessimistic outlook for the resumption by Boeing Co of deliveries of its grounded 737 Max, saying the carrier has frozen payments to the manufacturer and started talks on recouping costs of the delay. Deliveries of the aircraft will likely slip “another couple of months” to March or April, he ...

Bloomberg British Airways pilots scrapped a planned one-day walkout scheduled for later this month to pursue “meaningful new discussions” as the union sought to end a deadlock over wages. The British Airline Pilots’ Association said it was calling off the September 27 action “before the dispute escalates further and irreparable damage is done to the brand,” and demanded the carrier ...

Bloomberg PT Lion Mentari Airlines, Indonesia’s biggest private carrier, is investigating a breach that led to personal data of passengers on its Malaysian and Thai units being leaked online. Malindo Airways’s passenger information, which is hosted on cloud-based services, may have been compromised, the carrier said in a statement. Malindo is working with its data service provider Amazon Web Services ...

Bloomberg Delta Air Lines is funding a study to see if twigs, branches and other wood debris can create jet fuel to help fly its West Coast planes. The airline invested $2 million to partner with Northwest Advanced Bio-fuels LLC to study the feasibility of a bio-fuel production facility in Washington that could create fuel out of forest debris, the ...

Bloomberg Billionaire Mike Ashley lost out to Debenhams Plc again as a court challenge to the embattled UK department-store chain’s restructuring plan failed. In a blow to Ashley’s Sports Direct International Plc, a judge in the High Court in London ruled that Debenhams’s deal with landlords to accept lower rents should be allowed to go ahead. Ashley, who failed in ...

Bloomberg The cost of baby clothes could rise in the UK if the country crashes out of the European Union without an agreement, according to retailer Next Plc. Few sleep-suits and other newborn items are made in the UK, leaving these clothes exposed to tariffs under a temporary regime unlike some women’s garments, Next Finance Director Amanda James said in ...

GENEVA / WAM An event to promote awareness on the principles of the Human Fraternity Document was held on the sidelines of the 42nd session of the Human Rights Council currently running in Geneva. The Permanent Mission of the UAE to United Nations in Geneva organised the event to define the Document signed by His Holiness Pope Francis, Head of ...

Bloomberg Oil trimmed losses after Saudi Arabia said Iran sponsored recent attacks to its oil production facilities. Futures fell as much as 2.2% in New York before easing declines on Wednesday. The weekend attacks on the kingdom’s critical oil infrastructure were “unquestionably sponsored by Iran,” according to a spokesman for the Saudi defense ministry. West Texas Intermediate crude for October ...

Abu Dhabi / WAM The central bank of the UAE has announced that the Money Supply Aggregate M3 edged up to AED1.632trn in August, from AED1.602trn by the end of 2018. According to bank’s statistics, government’s deposits amounted to AED269bn in August with monetary deposits standing at AED433.6bn and quasi-monetary deposits at AED853.4bn. Issued cash reached AED90.2bn, with currency in ...