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Bloomberg British Airways pilots’ planned strike may cost the airline as much as $50 million a day, the airline said in a lawsuit as it seeks to halt the walkout. Pilots at the airline backed industrial action — including what would be their first strike in about four decades — with a 93 percent majority, the British Airline Pilots Association ...

Bloomberg Khazanah Nasional Bhd has hired Morgan Stanley to look at strategic options for Malaysia Airlines Bhd, according to an official in the prime minister’s department. The investment bank was brought in as an independent adviser for the airline’s recovery plan, Md Farid Md Rafik, a deputy minister in Mahathir Mohamad’s department, said in parliament on Wednesday, confirming a Bloomberg ...

Bloomberg Japan’s largest clothing maker Fast Retailing Co issued an apology on its Korean website for remarks that angered Korean customers amid the trade spat between Japan and South Korea. At its earnings press conference on July 11, the Uniqlo owner’s CFO Takeshi Okazaki said he “thinks” that the impact of a boycott of Japanese goods wouldn’t last long. In ...

Bloomberg United Parcel Service (UPS) Inc is seeking approval to operate delivery drones under the same rules as a private jet service, unlocking the potential to carry health-care packages over long distances between hospitals. The company is working with the US Federal Aviation Administration (FAA) to obtain Part 135 certification this year, a step toward freeing it from current commercial ...

Bloomberg Alibaba Group Holding Ltd is opening its oldest online platform to US merchants, promising to help American businesses at a time US-Chinese tensions are darkening the outlook for global trade. The Chinese e-commerce giant opened up Alibaba.com to US sellers for the first time, allowing them to peddle to buyers around the world who seek merchandise to stock shelves ...

Bloomberg Hong Kong’s railway operator said trains had resumed normal service after a small group of anti-government protesters disrupted the city’s notoriously busy morning rush, stranding crowds of commuters on platforms at a main station. Trains on the Island Line, which cuts through the the city’s financial center, had returned to their regular schedule, the MTR Corp, Hong Kong’s urban ...

Bloomberg Japan’s Tepco said its board will decide to permanently shut a nuclear power plant near its wrecked Fukushima Dai-Ichi station amid regional opposition to its use following the 2011 disaster. The utility, officially known as Tokyo Electric Power Co, told Fukushima Governor Masao Uchibori that it will decommission the four reactors at the Fukushima Dai-Ni facility, which survived damage ...

Bloomberg India, which is home to more young people than any other country, is running out of time to harness the potential of its youth to drive economic growth. The nation’s population in the under-19 age group has already peaked, government data show. That means the labour force will grow more slowly from here on out. In just over 20 ...

Bloomberg China has long been a key market for global automotive manufacturers. Now the country is asserting its role as an investor in the industry, stepping up the pace of purchases in the car and heavy-truck sector. The latest foray: state-backed Beijing Automotive Group Co is buying a 5 percent stake in Daimler AG, the maker of Mercedes-Benz. The announcement ...

Bloomberg Nissan Motor Co confirmed reports of a 90 percent drop in quarterly operating profit and a broader restructuring a day before posting results, underscoring the Japanese automaker’s struggle to get back on stable footing. Operating profit for the fiscal first quarter will be several billion yen, the Nikkei newspaper reported earlier on Wednesday, indicating a result well below analysts’ ...