Bloomberg Investors in China’s tech shares just got another reminder that regulatory scrutiny into the sector is unlikely to go away anytime soon despite a concerted effort by authorities to shore up a flagging economy. On Friday, Alibaba Group Holding Ltd’s stock tumbled 6% on a report that company executives had been questioned in relation to the country’s largest known ...

  Bloomberg Relieving poor countries of their debt burdens and creating innovative financial instruments could help free up more than $400 billion to help people suffering the most from warming temperatures, according to a new study. Immediate debt relief would unlock about $105 billion that could be directed toward mitigating climate change and preparing developing nations for its effects, the ...

  Bloomberg Delta Air Lines Inc fell short of profit expectations in the second quarter and said high operating costs will persist through the rest of the year, weighing on a possible rebound as carriers try to capitalise on continued strong travel demand. So-called unit costs will climb as Delta extends constraints on its flying capacity for the remainder of ...

Bloomberg Scandinavian carrier SAS AB has warned that emergency funding related to a bankruptcy process in the US is at risk from a pilots strike that entered its 11th day on Thursday. The airline, which filed for chapter 11 bankruptcy protection, remains in talks with potential lenders to obtain debtor-in-possession financing for as much as $700 million as part of ...

Bloomberg Amazon.com moved a step closer to settling two European Union antitrust probes into how the US ecommerce giant uses rivals’ sales data and whether it unfairly favours its own products, after it proposed remedies to appease EU concerns. The European Commission said that it’s asking rivals for their feedback on a proposed deal in antitrust probes looking into its ...

Bloomberg Uniqlo owner Fast Retailing Co expects full-year profit will hit a record as a weaker yen and strong sales globally outweighed a China slump due to Covid Zero lockdowns. The Asian retailer raised its full-year operating forecast to 290 billion yen ($2.1 billion) from an earlier estimate of 270 billion, according to a statement. That topped analyst projections and, ...

  Bloomberg Deutsche Lufthansa AG plans to cut an additional 2,000 flights until the end of August, bringing the airline’s total number of cancellations to almost 6,000 as Europe’s travel disruptions continue to worsen. Most of the flights affected are domestic routes scheduled to take off from Munich or Frankfurt, a representative for the German carrier said. Long-haul flights and ...

Bloomberg United Airlines Holdings Inc’s pilots union says the carrier agreed to re-engage in talks to improve terms of the tentative contract agreement the two sides reached last month. Union sought new talks based on feedback from United pilots who were unhappy with the agreement, Mike Hamilton, head of United’s Air Line Pilots Association unit, told members in video on ...

  Bloomberg US equity futures fall along with stocks in Europe and the dollar resumed its upward march on Thursday after high US inflation hardened expectations for more aggressive Federal Reserve monetary tightening that could trigger a recession. The Stoxx Europe 600 index declined more than 1%, dragged down by the telecom sector, where Ericsson AB plunged more than 10% ...

Bloomberg Surprise policy tightening moves announced by central banks in Singapore and the Philippines signal Asia is now fully awake to the threat of accelerating inflation, and is playing catch up with its global peers. Analysts in the region recommend a number of strategies that investors can take in response to the increasingly hawkish environment, including favouring the Singapore dollar, ...