Bloomberg Business

AMLO’s Airline to Take Off With $4 Billion, 10 Jets

Mexico’s new military-run airline will get an investment of 4 billion pesos (about $233.6 million) and plans to start operations with Boeing Co. jets, ramping up a plan by President Andres Manuel Lopez Obrador to bolster the defense department’s business projects.

Return of Tour Groups From China Seen Boosting Spending in Japan

Chinese tour groups have been noticeably absent from the flocks of travelers returning to post-pandemic Japan. That’s about to change with China’s lifting of a ban on group travel, which could drive tourist spending in Japan beyond pre-Covid levels.

Teetering WeWork Takes on Meme-Stock Flavor as Stock Surges

In what has all the contours of a classic meme-stock rally, WeWork Inc. leaped by a record 43%, after earlier soaring as much as 153%, just days after the co-working space provider warned that it may have difficulty staying solvent.

GM, Ford Slide as $80 Billion Union Risk Hits Confidence

General Motors Co. and Ford Motor Co. were among the biggest decliners in the US stock market Thursday on growing concern that demands from union leaders could send the automakers’ labor costs soaring.

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