Bloomberg TUI AG said recent bookings for the upcoming summer are running ahead of pre-pandemic levels, the latest sign the travel sector is booming despite high inflation sapping consumer spending power. The world’s biggest tour operator said booking volumes since the start of the year exceeded 2019 levels, led by demand from travellers in the UK and Germany. Prices ...

Bloomberg Airlines have long charged customers more for on-board food, extra baggage and superior legroom. Deutsche Lufthansa AG now wants customers to pay for reducing the environmental impact of flying. Europe’s biggest airline will offer an option of so-called Green Fares to travellers from Wednesday, adding a surcharge to purchase sustainable aviation fuels and carbon offsets. The move marks the ...

Bloomberg Thailand will impose an entry fee on foreign holidaymakers from June as the tourism-reliant nation presses ahead with the long-delayed levy following a better-than-expected recovery in tourist arrivals. Travellers flying into Thailand will need to pay 300 baht ($8.9) for each trip and those entering the Southeast Asian nation through its land borders and sea ports will be levied ...

  Bloomberg Tuesday Morning Corp filed for bankruptcy protection for the second time since the onset of the Covid-19 pandemic. The Dallas-based discount retailer filed in the Northern District of Texas, listing assets and liabilities of $100 million to $500 million, in its bankruptcy petition. It emerged from its last bankruptcy in January 2021 after closing about 200 stores, cutting ...

Bloomberg UK wages rose quicker than expected at the end of 2022, heaping pressure on the Bank of England to deliver another interest-rate increase next month. Average earnings excluding bonuses were 6.7% higher in the three months through December from the previous year, the Office for National Statistics said Tuesday. That’s the fastest pace since records began in 2001, excluding ...

Bloomberg The economy lost nearly 2.5 million working days to strikes last year as Britain suffered its most severe industrial action since Margaret Thatcher was in power. The Office for National Statistics said Tuesday that 843,000 working days were lost due to labor disputes in December, making it the worst month in more than a decade. That took the total ...

Bloomberg Employment in Scotland hit a record high at the end of 2022 as tightness in the labor market spread to all corners of the UK. The portion of adults who have a job climbed to 76.6% in the three months ending December, up 2.4 percentage points from a year earlier. The figures from the Office for National Statistics on ...

  Bloomberg Norma Group SE, a German maker of hose clamps and pipe connections for everything from cars to washing machines, rejected several takeover approaches in recent months from bidders including Carlyle Group Inc., people familiar with the matter said. The company explored a potential sale with advisers toward the end of 2022, according to the people, who asked not ...

  Bloomberg Soaring inflation, higher interest rates and supply-chain snarls spurred by the war in Ukraine pushed most of the European Union’s biggest eastern economies into contraction in the fourth quarter. Poland’s economy shrank 2.4% from the previous three months — much worse than the 0.5% forecast in a Bloomberg survey — for its second non-consecutive decline last year. It ...

Bloomberg Nato countries may agree as soon as this summer to spend at least 2% of their economic output on defense, a slight shift from the alliance’s 10-year-old pledge to “move toward the 2% guideline.” North Atlantic Treaty Organization Secretary General Jens Stoltenberg and the alliance’s defense ministers were supposed to discuss the target when they meet in Brussels for ...