tony fernandes is one of the aviation industries most familiar faces so it came as a shock when the air asia chief executive announced it was stepping aside amidst a bribery investigation authorities are looking into claims that plane maker air bus paid a 3rd company connected to finance $50000000.00 to secure orders. with its slogan now everyone can fly air asia is one of the best known brands in asian aviation but now the carrier is at the center of a corruption probe individuals associated with their boss were reportedly paid to secure deals with their asia on its long haul unit area x. . c.e.o. tony fernandez an executive chairman. will step aside for at least 2 months as the investigation continues they deny any wrongdoing. the fallout from a bribery scandal at airbus is reverberating across the aviation industry airbus agreed to set aside up to 3600000000 euros to settle a corruption probe by authorities in france britain and the us air asia is airbus is largest customer for single jets. fernandas famously bought the malaysian carrier for one ring given in 2001 he him around and w

now let's brief you on some other business stories: the boss of air asia, tony fernandes, has agreedtions that the airline was paid $50m by airbus are investigated. asia's biggest budget airline says it vigorously rejects claims it was paid to buy 180 planes from the european manufacturer. shares in the company fell as much as 11% on monday after malaysia's anti—graft agency said would investigate the allegations. shares in tesla have risen by almost 20% after market analysts at argus research significantly upped its valuation of the automaker. the price rise values the company at in excess of $140bn and cements its status as the world's second most valuable car company ahead of volkswagen. google's parent company has published details of its youtube and cloud business for the first time, as the firm's advertising business continues to slow. 0verall alphabet revenue increased by 17% year—on—year to $46bn — the slowest rate in more than two years. airlines, airports and other businesses involved in the uk aviation industry will publish plans today that they claim will allow them to re

tony fernandes is stepping down for two months along with the airlines chairman while the malaysian governments claims that officials accepted bribes. both men deny wrongdoing. airbus reached a $4 billion and finally,iday, starting faced its biggest slump in seven weeks. the u.k. and the eu fuel fears that talks on the deal would be , and the eu says a highly ambitious trade deal is it is onlyt they say of the u.k. agrees to the rules. prime minister boris johnson saying the u.k. will thrive. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm su keenan. this is bloomberg. some of theagain headlines across the bloomberg in the last few minutes. the fourth death in hong kong from the coronavirus, according to local media. this is the second death overseas outside of mainland china after that death in the philippines. this was a 39 rome and in hong kong with an underlying illness. we had heard from chief executive carrie lam who has said hospital services have been strike, hotel officials have been

the boss of air asia tony fernandes has agreed to step aside as allegations that the airline was paidasia's biggest budget airline says it vigorously rejects claims it was paid a bribe buy 180 planes from the european manufacturer. google's parent company has published details of its youtube and cloud business for the first time, as the firm's advertising business continues to slow. 0verall, alphabet revenue increased by 17% year—on—year to $46 billion — the slowest rate in more than two years. south korean company hyundai is the latest car—maker to announce its supsending production at one of its factories due to a shortage of parts from china. sharanjit leyl is in singapore — this is all part of the enforced extended new year shutdown in china because of the coronavirus. absolutely. as you can imagine, the coronavirus outbreak in china is wreaking havoc on supply chains around the world. the closure of both car factories and car component suppliers taking a big hit on the industry and hyundai is the latest to say it has had to halt operations at one of its assembly lines because ofa