Bloomberg Temasek Holdings Pte increased its internal carbon price to $50 a ton as the Singapore state-owned investor takes steps to meet a net zero target by 2050. The $287 billion fund lifted the internal price from $42 a ton, and plans to increase it further to $100 a ton by 2030, according to the investor’s annual report released ...

  Bloomberg Air Canada’s hope for a strong recovery in 2022 has been foiled by chaos at Canada’s biggest airports. Travellers are back in big numbers as the summer vacation season kicks off. But Toronto’s Pearson International Airport has descended into scenes of long lines and a sea of luggage, and the nation’s largest airline is paying the price. About ...

  Bloomberg Frontier Group Holdings Inc asked buyout target Spirit Airlines Inc to further delay a shareholder vote on their proposed merger, saying it’s still “very far” from winning sufficient support because of a higher offer from rival JetBlue Airways Corp. Frontier also asked Spirit’s board to publicly reaffirm its commitment to their original agreement reached in February in light ...

  Bloomberg Gap Inc fired Chief Executive Officer Sonia Syngal after 2 1/2 years, with rising costs and deepening discounts threatening to wipe out this quarter’s operating profit. Chairman Bob Martin is taking over immediately as CEO on an interim basis, according to a statement. The stock has been battered amid missteps such as a clumsy implementation of expanded women’s ...

  Bloomberg The US Centers for Disease Control and Prevention uses outdated tools to track and analyse how Covid-19 spreads on planes, hindering the agency’s ability to stop outbreaks, a government watchdog agency said. Air travel is a constant concern in public health, since a sick person can board a plane in one country and hours later land in another, ...

  Bloomberg The billionaire Benetton family agreed to sell their controlling stake in highway restaurant operator Autogrill SpA to duty-free company Dufry AG, creating a $6 billion player in the travel retail market and accelerating the overhaul of the Italian industrial clan’s holdings. As part of the deal, the Benettons will sell their majority stake in Autogrill to become the ...

  Bloomberg SpiceJet Ltd, the Indian airline already under scrutiny from regulators in the country, had another technical issue after a flight to Dubai, according to people familiar with the matter. The plane, an eight-year-old Boeing Co 737 next generation jet, had flown from India to Dubai and after landing was discovered to have a technical issue with its nose ...

Bloomberg Europe’s common currency edged closer toward parity with the US dollar on Tuesday as energy concerns and the risk of recession weighed on the outlook for the euro area, while risk aversion fuelled a broad rally in the greenback. The euro dropped as much as 1.3% to $1.0005, eclipsing its low from last week. The last time it was ...

  Bloomberg Chinese authorities will start repaying most of the victims in the nation’s biggest bank scam after hundreds of angry customers took to the streets again over the weekend to ratchet up pressure on the government. Clients from the four rural banks in the central province of Henan and one in Anhui will be repaid “in advance” starting Friday, ...

Bloomberg The yen falls to a fresh 24-year low after Japan’s ruling coalition expanded its majority in the upper house election, with investors interpreting the result as a quasi-referendum on the country’s super-easy monetary policy. The currency falls as much as 0.9% against the dollar, breaching the closely-watched 137 level. Bank of Japan Governor Haruhiko Kuroda reiterated that he won’t ...