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Britain’s two biggest airlines said they remain optimistic that European travel markets will revive this summer even as vaccination campaigns stutter and plans to reopen borders are in limbo.

Air Canada said it reached a deal with the Canadian government for loans and equity worth nearly C$5.9 billion ($4.7 billion), part of a package that will see the airline restore many routes it canceled because of the pandemic.

Indonesia to Waive VAT on New Homes to Spur Property Sales Bloomberg 3/1/2021 Grace Sihombing and Arys Aditya © Bloomberg Workers labor in front of residential buildings in the Bumi Serpong Damai (BSD) City area of Tangerang, Banten, Indonesia, on Saturday, Aug. 11, 2018. As Wednesdays policy decision approaches, Bank Indonesia finds itself under pressure to raise the benchmark rate again even after increasing it by a combined 100 basis points since mid-May to stem a slide ...

Texas Deep Freeze Could Cost $90 Billion in Losses, Modeler Says Bloomberg 2/24/2021 Brian K. Sullivan © Bloomberg Workers repair a power line in Austin, Texas, U.S., on Thursday, Feb. 18, 2021. Texas is restricting the flow of natural gas across state lines in an extraordinary move that some are calling a violation of the U.S. Constitution’s commerce clause. (Bloomberg) -- Texas’s deep freeze and power outages last week could cost as much as $90 billion in losses, and ...

The chair of Texas’s power grid operator and four other board members have resigned in the wake of the energy crisis that crippled the state’s electrical system.

The chair of Texas’s power grid operator and four other board members have resigned in the wake of the energy crisis that crippled the state’s electrical system.

Kroger Closing Two California Stores Over Pay-Raise Rules Bloomberg 2/2/2021 © Bloomberg Workers assist a customer at the checkout counter of a Kroger Marketplace store. (Bloomberg) -- Kroger Co. plans to close two Southern California supermarkets following passage of a local ordinance that requires grocery stores to raise their frontline workers’ hourly pay by $4. A Ralphs store and a Food 4 Less store in Long Beach, California, will close on April 17, the company said in a statement Mo...

Zimbabwe Miners Say Foreign-Exchange Rule Could Trigger Crisis Bloomberg 1/28/2021 Godfrey Marawanyika and Ray Ndlovu © Bloomberg Workers survey the Portal One area of the Great Dyke Investments Ltd. Darwendale platinum mine project, near Harare, Zimbabwe, on Wednesday, Sept. 16, 2020. The so-called Darwendale project, which lies 65 kilometers (40 miles) from the capital Harare, is central to the Zimbabwean government’s plans to revive its stagnant economy. (Bloomberg) --...

Singapore is tightening restrictions on intra-corporate transferees, one category of workers brought from overseas offices of multinational corporations, the Straits Times reported.

Indonesia approved China’s Sinovac Biotech Ltd. shots for emergency use, paving the way for Southeast Asia’s largest economy to start its inoculation program.