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Bloomberg Mexican airline Interjet is in “technical bankruptcy” and at risk of collapse, according to its finance chief, following an order to start paying off nearly $30 million in back taxes. Interjet beat back an attempt by authorities to seize control of its bank accounts in an effort to collect nearly 550 million pesos ($27 million) in unpaid taxes dating ...

Bloomberg United Airlines Holdings Inc is removing the 737 Max from its schedule until December 19, the carrier’s sixth adjustment since aviation regulators grounded the Boeing Co jet in March following two fatal crashes. Chicago-based United said the schedule change would affect about 9,500 planned flights through December, with the largest impacts expected in October and November. United flew 14 ...

Bloomberg Hudson’s Bay Co’s European adventure is nearing an end, as the Canadian retailer plans to close its 15 Dutch department stores, Het Financieele Dagblad reported. The company will shut the stores and dismiss the workforce of more than 1,400 by the end of the year, the Dutch newspaper said, citing a letter from Hudson’s Bay. A spokesperson wasn’t immediately ...

Bloomberg Forever 21 Inc is preparing for a potential bankruptcy filing as the fashion retailer’s cash dwindles and turnaround options fade, according to people with knowledge of the plans. The company has been in talks for additional financing and working with a team of advisers to help it restructure its debt, but negotiations with possible lenders have so far stalled, ...

Bloomberg Climate activists plan to fly toy drones near London’s Heathrow airport next month, as they seek to draw attention to a planned expansion and its impact on greenhouse gases. The group, Heathrow Pause, will fly the drones inside an exclusion zone surrounding Europe’s busiest airport starting from September 13, it said in a statement on its website. Drones are ...

Bloomberg A US appeals court has rejected the notion that federal airport screeners are immune from lawsuits filed by aggrieved travellers. In a 9-4 decision, the Court of Appeals in Philadelphia ruled that Transportation Security Officers (TSOs), given their authority to conduct invasive searches of travellers, are essentially law enforcement officers and as such aren’t covered by the immunity granted ...

Bloomberg For the first time since President Donald Trump was elected, more Americans say the economy is getting worse than getting better. A new Quinnipiac Poll shows 37 percent saying the economy is declining, compared with 31 percent who continue to see improvement. Only 30 percent say the economy is staying about the same, the lowest number on record. Polls ...

Bloomberg India’s government has approved scrapping a cap on foreign investment in commercial coal mining, a person with direct knowledge of the matter said, as part of efforts to boost economic growth. The change would allow overseas miners such as BHP Group Ltd and Glencore Plc to own 100 percent of mining companies. A spokeswoman at Commerce and Industry Ministry ...

Dubai / WAM Singapore has announced its participation in Expo 2020 Dubai. The Singapore Pavilion, titled ‘Nature. Nurture. Future’, will pay tribute to Singapore’s journey towards growth, sustainability, and resilience. The Urban Redevelopment Authority (URA) will lead Singapore’s participation in the Expo which will run from October 20, 2020 to April 10, 2021, coordinating with partners from the public and ...

DUBAI / WAM Enoc Group has signed a Memorandum of Understanding (MoU) with IMS Oil Trading, an international trading operator in Greece to exclusively supply lubricants for up to 16 product tankers at IMS Oil’s Fujairah and Singapore ports. The partnership also expands Enoc’s marine lubricants supply network to over 110 ports in 23 countries across the world. Saif Humaid ...