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BLOOMBERG EasyJet Plc raised its earnings target for a second time this year amid strong bookings into the crucial summer period and robust demand during the Easter vacation. The discount specialist now expects to beat revised market expectations that foresee a pretax profit of £260 million this year, according to a statement. That’s up from a previous goal of beating ...

BLOOMBERG Boeing Co is moving ahead with plans to hike output of its cash-cow 737 jetliner while dealing with the ripple effects from a new production flaw uncovered by one of its largest suppliers. The US planemaker isn’t altering the schedule for its 737 suppliers, including rate increases, Chief Executive Officer Dave Calhoun said at a virtual gathering of shareholders. ...

BLOOMBERG Eagle-eyed travellers snapped up heavily discounted tickets in the fanciest cabins on All Nippon Airways (ANA) after a currency conversion blunder, with one paying just $890 for flights in first class all the way from Jakarta to the Caribbean via Tokyo and New York, and back again. That 9,000-mile journey would typically cost nearly 20 times as much in ...

BLOOMBERG Malaysia Airlines Bhd will increasingly focus on the Indian market with the airline still not seeing China bounce back after its sudden reopening following years of Covid restrictions. “For now, our key emphasis is on the Indian network,” the carrier’s Chief Strategy Officer Bryan Foong told reporters in Kuala Lumpur. “For us, the emphasis of growth in India is ...

BLOOMBERG US National Security Advisor Jake Sullivan spoke to his Brazilian counterpart after that country’s president, Luiz Inácio Lula da Silva, accused America of “encouraging war” while on a visit to China. Sullivan and Celso Amorim “discussed a number of bilateral and global issues, including Russia’s war against Ukraine” and “continued cooperation to combat climate change and protect the environment,” ...

BLOOMBERG North Korean leader Kim Jong-un ordered the launch of a military spy satellite, a move that could allow him to keep an eye on US allies as well as advance his state’s ability to deliver a nuclear warhead to the American mainland. Kim called for the launch of the state’s first military reconnaissance satellite within a planned timeframe, during ...

BLOOMBERG Myanmar’s Supreme Court has agreed to hear appeals by deposed leader Aung San Suu Kyi and former president Win Myint against their conviction on corruption and other charges, paving the way for a review of previous rulings. Suu Kyi, 77, had appealed against seven charges related to the purchase of a helicopter, election fraud and violating the colonial-era Official ...

BLOOMBERG  Morgan Stanley’s investment bank and its giant wealth unit surpassed analysts’ expectations in the first quarter even as profits fell from a year earlier, dragged down by a dropoff in deal-making and a jump in loan-loss provisions. Net income slid 20% from a year earlier to $2.84 billion amid a slowdown in the trading and banking businesses. The firm’s ...

BLOOMBERG  Goldman Sachs Group Inc has been hit by additional departures in its Asia equities team, with key exits in Tokyo and Hong Kong to rival banks and hedge funds. Among those that left recently are managing directors Fredrik Grunberger in Hong Kong and Tomiyuki Oji and David Williams in Tokyo, according to people familiar with the matter. Oji is ...

BLOOMBERG  Hungary’s central bank unexpectedly signalled its first potential step towards cutting the European Union’s highest key interest rate, with policymakers pointing to an outlook of rapidly slowing inflation. The forint dropped against the euro. Deputy Governor Barnabas Virag caught investors by surprise after months of pushing back against government pressure to lower the 18% key interest rate to aid ...