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  Bloomberg UK Prime Minister Theresa May announced a defense deal between BAE Systems Plc and Turkish Aerospace Industries to develop Turkey’s first home-built fighter jet, calling it a step to expand trade with the nation. “It marks the start of a new and deeper trading relationship with Turkey, and will potentially secure British and Turkish jobs and prosperity for ...

  MANILA / AP A suspected Indonesian militant was killed and one of Southeast Asia’s top terror suspects was seriously wounded as the Philippines launched airstrikes using South Korean-made fighter jets for the first time in combat, the military chief said on Sunday. Military Chief of Staff Gen. Eduardo Ano said the body of the suspected Indonesian militant, known by ...

  Bloomberg Global airlines are struggling to comply with new travel restrictions after being caught flat-footed by President Donald Trump’s executive order blocking visitors from seven predominantly Muslim nations. US carriers didn’t get advance notice of the travel ban or briefings from government officials on how it should be implemented, people familiar with the matter said. The order was causing ...

  Bloomberg Qantas unveiled its new engineering facility at Los Angeles International Airport, an investment of more than US$30 million. It is one of the largest commercial hangars in North America and the first specifically designed to accommodate the Airbus A380. The 5.7 hectare hangar will be used to carry out maintenance checks on Qantas’ A380 and Boeing 747 aircraft ...

  Bloomberg Reeling from a shaky holiday season and slowing mall traffic, US retailers are facing increasing pressure to close stores as more of their business migrates to the internet. More than 10 percent of US retail space, or nearly 1 billion square feet, may need to be closed, converted to other uses or renegotiated for lower rent in coming ...

  Bloomberg Southwest Airlines Co. was eager to sign up as the ‘launch customer’ for Boeing Co.’s new 737 Max, soon to be the Greyhound of the skies as it replaces its older, less fuel-efficient cousins in fleets worldwide. But Southwest won’t be first to fly or even receive the new aircraft. That honour will go to a smaller low-cost ...

  Bloomberg China’s central bank has ordered the nation’s lenders to strictly control new loans in the first quarter of the year, people familiar with the matter said, in another move to curb excess leverage in the financial system. The new guidance from the People’s Bank of China puts a particular emphasis on mortgage lending, the people said, as authorities ...

  Bloomberg Intesa Sanpaolo SpA’s fund-management arm expects rising inflows to boost assets to about 400 billion euros ($430 billion) as it expands its institutional client base, adds commercial offers and widens its distribution network. Eurizon Capital SGR SpA plans to expand its European staff by about 3 percent this year from the current 550 employees, partly by hiring teams ...

  Bloomberg Italy’s 20 billion-euro ($21.4 billion) government rescue fund is sufficient to recapitalize the country’s troubled banks, and about a third of money will be used for Banca Monte dei Paschi di Siena SpA, Bank of Italy governor Ignazio Visco said. “This measure is an important one for Italy as it emerges from the crisis that buffeted its economy ...

  Bloomberg A talent war between Jefferies Group LLC and Credit Suisse Group AG is threatening to escalate. Five Credit Suisse bankers who reneged on agreements to join Jefferies this month may face demands that they pay more than $10 million to their scorned suitor, according to a person with knowledge of the matter. The bankers signed contracts with Jefferies ...