Air India Plots Rapid Buildout of Budget Unit, Taking On Indigo
Air India Ltd. mapped out an aggressive expansion plan for its low-cost unit, targeting a fleet of 170 aircraft over the next five years as the airline takes on budget leader IndiGo.
Bloomberg Top News
What’s Next After Jim Jordan Fails Again in House Speaker Bid
House Republicans are struggling to figure out what to do next after conservative hardliner Jim Jordan lost two rounds of votes to become speaker.
Binance France Director Exits in Latest Senior Departure at Crypto Exchange
Binance’s Stéphanie Cabossioras has stepped down from her position as managing director at the crypto exchange’s French unit, adding her name to the list of senior leaders to have departed the company this year.
Central Banker Sees Risks for Colombia in Rushing to Cut Rates Too Soon
Colombia’s central bank could put its credibility at risk if it rushed to cut interest rates prematurely, according to its newest board member.
NFL Decides to Increase Team Debt Limit to $700 Million
NFL owners voted to allow teams an additional $100 million in debt, raising the overall limit per team to $700 million, with the league continuing to adapt to skyrocketing team valuations and rising interest rates.
Fed’s Waller Says ‘Too Soon to Tell’ If More Interest Rate Hikes Needed
Federal Reserve Governor Christopher Waller said the US central bank can wait and gather more data before deciding if the economy needs further monetary restraint, signaling that he favors holding interest rates steady when officials meet in two weeks.
Safran CEO Calls for Tougher Regulation After Fake Aircraft Parts Scandal
Safran SA Chief Executive Officer Olivier Andries demanded regulators in Europe and the US crack down harder on rogue aircraft parts dealers, as he reacted to the scandal of falsified component records that have led to fake parts ending up on Safran-built engines.
The Mystery of FTX’s Missing $9 Billion Is Unraveled at SBF Trial
A forensic accountant at the trial of Sam Bankman-Fried tried to explain what happened to $9 billion in FTX customer funds that were missing in June 2022, five months before the company filed for bankruptcy.
Fed’s Williams Says Interest Rates Need to Be Restrictive ‘for Some Time’
Federal Reserve Bank of New York President John Williams said interest rates will have to stay at restrictive levels “for some time” to bring inflation back down to the US central bank’s 2% target.
A $500 Million Cash Pile at Argentina’s Main Airport Unnerves Banks
Restrictions imposed by Argentina’s government last week left as much as $500 million in US cash stranded at the country’s main airport for three days, unnerving local bank executives amid a surge in withdrawals.