Bloomberg Spirit Airlines delayed for a third time a crucial shareholder vote so it can continue discussions of its merger options with Frontier Group Holdings and rival suitor JetBlue Airways. The special meeting was delayed until July 15, Spirit said in a statement. While Spirit will continue to solicit shareholder proxies, there won’t be a vote or other business ...

  Bloomberg Tesco Plc and food giant Kraft Heinz Co have settled a dispute over price increases which left the UK’s biggest supermarket chain without products including brand-name ketchup and baked beans. The full range of Heinz products will now return to Tesco shelves and its online shopping site in the coming days, the two companies said in a joint ...

Bloomberg After months of persistent street protests over fuel shortages, surging prices and financial mismanagement, Sri Lankan leader Gotabaya Rajapaksa is finally on the verge of being ousted. The president fled to an undisclosed location shortly before demonstrators stormed his official seaside residence in the face of tear gas and rubber bullets. In dramatic scenes, they wandered through the rooms, ...

Bloomberg Nearly two-thirds of Democratic voters say they would prefer someone other than President Joe Biden as their party’s candidate in the 2024 election, underscoring the political headwinds the White House faces as inflation soars and Americans sour on the president’s performance. Of the 64% of respondents who said they wanted a different candidate in the upcoming election, a third ...

Bloomberg US Secretary of State Antony Blinken blasted Beijing over its support of Russia after emerging from more than five hours of talks with his Chinese counterpart Wang Yi. During a meeting on the sidelines of a Group of 20 foreign ministers meeting in Bali, Indonesia, Blinken said he told Wang that China wasn’t neutral on the Ukraine war because ...

Bloomberg Australian Prime Minister Anthony Albanese has ruled out complying with a list of demands from the Chinese government to improve relations between the two countries, complicating attempts to repair diplomatic ties between Canberra and Beijing. Speaking to the press in Canberra on Monday, Albanese said Australia “doesn’t respond to demands” when asked about a statement by China’s Foreign Minister ...

  Bloomberg New Zealand Prime Minister Jacinda Ardern plans to attend the Pacific Islands Forum Leaders’ Meeting in Fiji this week, just days after the head of state called for more regional co-operation to counter China and amid reports one island member has withdrawn on the conference’s eve. Ardern will go to Fiji from Tuesday to Thursday where she plans ...

Bloomberg Risks are skewed towards the Australian dollar declining even further in 2022 after touching a two-year low this month amid concerns over slowing economic growth. Commonwealth Bank of Australia sees the currency declining to 65 cents versus the greenback by December, from about 68.6 cents last week. Leveraged funds, which were betting on gains as recently as May, are ...

  Bloomberg European Central Bank (ECB) Governing Council member Yannis Stournaras said a new tool to keep debt-market turmoil at bay as interest rates rise may not need to be used if it’s powerful enough to persuade investors not to test it. In a Bloomberg Television interview in Aix-en-Provence, France, Stournaras said there’s a “very good debate” under way on ...

Bloomberg Credit Suisse group is losing four traders from its high-yield and distressed-debt desks just as interest-rate hikes, inflation and volatile markets heighten the need for such expertise. The traders will join British lender Barclays Plc in New York as it beefs up its own credit desks, according to people with knowledge of the moves. Three of those departing are ...