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Bloomberg IndiGo, India’s biggest airline, said it received compensation from Pratt & Whitney as the manufacturer struggles to fix glitches in engines that power Airbus SE’s new A320neo jets. The nature of the compensation from Pratt & Whitney is confidential, the airline’s Chief Financial Officer Rohit Philip said after the airline reported first-quarter profits. The carrier is not happy with ...

If President Trump ordered a senior government official to support the firing of special counsel Robert Mueller, how should that person respond? Adm. Mike Rogers, head of the National Security Agency, answered my question about that onstage last week at the Aspen Security Forum. He began with the usual caveat that he wouldn’t answer a hypothetical, but then offered a ...

Tycoon Patrick Drahi has been telling everyone lately that he’s going to spend about 15 billion euros ($17.6 billion) building a national fiber broadband network in France. What’s more, he says his local operator SFR Group SA will have it done by 2025 and won’t take the public subsidies used by his rivals. If he follows through on the big ...

That was fun. Just 240 or so hours ago, Anthony Scaramucci, absent relevant experience and credentials, became the White House communications director. It was a palace coup that also forced the departures of press secretary Sean Spicer and chief of staff Reince Priebus from the administration of President Donald Trump, and appeared to leave Steve Bannon’s future in doubt as ...

What keeps corporate leaders up at night? It isn’t the chaos in Washington or rising worker pay. It’s what Amazon.com Inc. is, or could be, doing to their business models, according to a Bloomberg analysis of earnings conference call transcripts. The expanding online behemoth has morphed from a retail category killer to a much broader enterprise that now competes with ...

Free trade between Canada and Mexico is in part an accident of history: two nations, each the other’s afterthought, came together in their shared race to capitalize on the US market. Now, after President Donald Trump threatened to leave the North American Free Trade Agreement, the pact’s junior partners are working more closely than ever to save it. Trump has ...

Despite President Donald Trump’s frequent and public criticism of the H-1B visa program, new data released shows applicants are undeterred. The US government has received more than 300,000 H-1B visa petitions and extensions so far this year, according to data released last Wednesday by US Citizenship and Immigration Services, compared with a total of 399,349 in all of 2016. A ...

When investors sense that consumer behavior in emerging markets is changing, they tend to shoot first and ask questions later, potentially missing opportunities. It’s well known that such stocks trade at a discount. The MSCI World With EM Exposure Index, which tracks developed-world shares that rely on emerging markets for revenue, was valued at 16.4 times forward earnings at the ...

Bloomberg Vice President Mike Pence said the US “strongly” supports Georgia’s ambition of joining NATO, even as Russia remains hostile to the military alliance expanding its influence in Moscow’s former Soviet backyard. “We see Georgia as a key strategic partner and stand by your territorial integrity and your aspirations to become a member of the North Atlantic Treaty Organization,” Pence ...

Bloomberg Pakistani lawmakers chose Shahid Khaqan Abbasi as the interim prime minister to replace deposed leader Nawaz Sharif, settling political uncertainty caused by a Supreme Court decision last week that forced the former premier to resign. Abbasi, 58, who is considered a die-hard Sharif loyalist after serving in his cabinet as the petroleum minister, won 221 votes out of 305 ...