Bloomberg Business

India’s civil aviation regulator has fined Air India Ltd. $37,000 and suspended a pilot’s license for three months for not following the correct reporting procedures after a male passenger urinated on another female traveler on a flight from New York to New Delhi.

Going soft on inflation will plunge economies back into the recessionary depths of the 1970s and have “adverse effect on working people everywhere,” former US Treasury Secretary Larry Summers warned.

Cathay Pacific Airways Ltd. expects to report a larger-than-forecast loss in 2022 — around double what analysts were looking for — as the carrier claws its way back from Covid-19.

Investors are flocking to emerging market funds like never before, while European stocks have seen their first inflows in almost a year as optimism abounds around China’s reopening, Bank of America Corp. strategists said.

Giorgia Meloni will travel to Algeria this weekend, as Italy seeks more natural gas from the African country.

Abu Dhabi National Oil Co. has added banks including HSBC Holdings Plc and EFG Hermes to help arrange the planned initial public offering of its natural gas business, according to people with knowledge of the matter.

The head of Telecel Group, an Africa-focused telecommunications company part-owned by French tycoon Hugues Mulliez, said the purchase of Vodafone Group Plc’s operations in Ghana is part of a plan to build up its business and go public within the next five years.

South Africa’s main stock exchange will probably continue hemorrhaging listings over the next year as companies grapple with onerous regulatory and funding conditions, making it less attractive to raise capital through initial public offerings.

An influential Japanese politician has thrown his weight behind Washington’s widening campaign to contain China’s chip ambitions, warning that Beijing is part of a group of nations seeking global hegemony and must be curbed.