the british airline virgin atlantic decided to completely abandon the direction to hong kong due to thebility to fly over russia, the translator decided to permanently stop working in this asian metropolis, cancel all flights for next year and close its office there. in fact, virgin atlantic has not operated passenger flights to hong kong since the end of 21 year, when the authorities of the administrative region banned flights from the uk in connection with during the coronavirus pandemic, management told the unions that profitability for the hong kong route began to fall even before the pandemic. well , by closing the russian sky, the company would have to work in this direction at a loss. u.s. president joe biden hits five blows to the nation's budget his plan to describe student loans will cost the treasury an average of $30 billion a year, according to the country's department of education, the figure will rise to a whopping $379 billion over 30 years. the congressional budget office previously estimated about $400 billion in student loan write-offs over the next 30 years. at the s

this is a record for the british virgin atlantic company and completely canceled flights to hong kongatvia is at risk of facing a shortage of potatoes. the harvest this year is worse than the previous one, the reason is the lack of mineral fertilizers of the harvested tubers. only enough for the seeds were reported in the union of potato growers of the republic and the finnish electricity grid company was warned of the threat of death from the cold, if planned power outages are not carried out in certain regions , large-scale disruptions will occur, said the representative of the national electricity network operator fingrid residents of germany amid heating savings. well, from toxic mold in houses, the problem turned out to be so serious that a mold convention was held in the german kubog . it brought together experts in the field of construction. ecology medicine and jurisprudence reports the publication wild subsequently, the sanctions policy and the energy crisis affected all countries of the european union, and first of all, their residents are saved only by warm weather, which i

virgin atlantic is pulling out of hong kong for good. u.k.line is canceling flights and closing offices in the asian financial hub ending a 30 year history in the city. it says one key factor is close russian -- is closed russian airspace which extends flights by at least one hour. david: maybe a little bit more business for the few that are left. there is a bulk purchase. 500,000 tickets. rishaad: we have oil prices going up as well. another declining stock in hong kong. let's tell you what we have coming up. we are going to be talking to new zealand's prime -- new zealand's finance minister. talking about whether the country can avoid recession despite a hawkish central bank and a labor shortage. all that and more. this is bloomberg. ♪ yvonne: you're watching bloomberg markets: asia. we've been hearing a lot of hawkish fed speak. the rbnz echoing that yesterday in their decision to continue to hike rates substantially. a lot of concerns about what this means for the economy. david: especially when you look at forecasts already falling. the

this is a record for the british virgin company, atlantic and even noted flights canceled flights to hong kong in latvia risking a shortage of potatoes. harvest this year is already the previous reason for the lack of mineral fertilizers harvested tubers. enough only for seminas was reported in the union of potato growers of the republic and the finnish electric grid company was warned of the threat of death from the cold if the planned power outages are not carried out electricity in some areas there will be a large-scale failure, the representative of the national power grid operator notes. residents of germany, against the backdrop of saving heating , were faced with the spread of toxic mold in their homes, the problem turned out to be so serious that a mold congress was held in germanburg. it brought together experts in the field of construction. ecology of medicine and jurisprudence reports the publication. the patience of the inhabitants of germany is at the limit in the country, new protests break out every now and then, another demonstration took place in düsseldorf demonstra

. ♪ >> a quick check of the latest business flash headlines -- virgin atlantic is pulling out of hongod. the u.k. airline is canceling flights and closing offices in the asian financial hub, ending a 30 year history in the city. one key factor it closed is it closed russian airspace which extends place between heathrow and -- flights between heathrow and hong kong by at least an hour. malaysia has declared the company triggered the legal clause because of a late last month at the gas pipeline. that pipeline feeds the lng complex which exports gas to customers across asia. that is it for daybreak: australia. the with us -- stay with us. this is bloomberg. ♪

virgin atlantic pulling out of hong kong for good. the u.k.flights and closing offices in hong kong, ending a 30-year history in the city. one key factor is the closed russian airspace, which extends the flight between heathrow and hong kong by at least one hour. kathleen: bloomberg is learned while quite may sidestep was sanctions through it chip startup owned by a former executive. let's bring in peter elstrom. peter: there is a lot to unpack in this story. i will give you a little background. while way is the -- hallway -- huawei is the telecom company that was blacklisted by the trump administration in 2019. not cut off its ability to buy advanced tips from the u.s. that it needs for many products including smartphones. so, what reporters found is that there is a chip startup, p x w, that is building the facet -- pxw, that is building the facilities to make its own chips on they plan on supplying huawei. the companies based in syngenta, it is being financed by the syngenta government and has ambitions to make advanced chips that would help

"world war ii in space." [ laughter ] maybe a little surprise here and finally, the airline, virgin atlanticerday, unveiled its new gender neutral uniform policy flight attendants can choose to wear either pants, a skirt or the chalamet [ laughter ] and that was the monologue, everybody. [ cheers and applause we've got a great show for you tonight. it -- well, it truly - it truly pains me to say it, but he holds the record for longest running "weekend update" anchor from "snl. my very good friend, colin jost, is back on the show. [ cheers and applause he is an emmy-nominated actor, you know from "normal people." his new film, "aftersun," is out october 21st paul mescal will be joining us as well. [ cheers and applause i'm so excited to talk to paul and their new album, "5sos5," is out now. we'll have music from 5 seconds of summer. [ cheers and applause but before we get to all that, in yet another stunning development, the committee investigating the coup attempt on january 6th deposed ginni thomas, the spouse of a sitting supreme court justice, as more video evidence emerged of another tru