Bloomberg Delta Air Lines’s chief executive officer apologised to customers for an “unacceptable” level of cancelled and delayed flights, an unusual step that reflects mounting frustration among waylaid summer travelers. Delta is adding extra boarding time for flights, building in more of a buffer in crew schedules to mitigate disruptions and using white collar salaried workers to help speed ...

  Bloomberg Walgreens Boots Alliance Inc maintained its guidance for 2022 earnings even as the drugstore chain beat Wall Street’s estimates for fiscal third-quarter profit and revenue, another hiccup after it abandoned the planned sale of its UK pharmacy unit. Adjusted earnings were 96 cents a share, Walgreens said in a statement, compared with the average estimate of 94 cents, ...

Bloomberg Australian Prime Minister Anthony Albanese promised a “new dawn” in relations with France after arriving in Paris for a meeting to repair relations damaged over the unexpected cancellation of a billion-dollar submarine contract in 2021. Outside the Elysee palace, the premier was greeted by President Emmanuel Macron who said he too wanted to “speak about the future” and doesn’t ...

Bloomberg China has responded to New Zealand leader Jacinda Ardern’s warning at the Nato summit that Beijing is becoming increasingly assertive and more willing to challenge international norms. “We have taken note of the relevant comment made by the New Zealand side at the Nato session, which includes some misguided accusations against China,” a spokesperson at the Chinese Embassy in Wellington said in a statement on its website dated June 30. The prime minister’s comments are “wrong” and “regrettable,” the statement said. “It is obvious that such comment is not helpful for deepening mutual trust between the two countries, or for the efforts made by the two countries to keep our bilateral relations on the right track,” the ...

  Bloomberg Hungarian Prime Minister Viktor Orban appeared to strike a milder tone regarding Europe’s policy on Ukraine, all the while proceeding with a controversial nuclear project backed by Russia. Hungary won’t keep standing in the way of European Union sanctions except on vital matters of energy policy, he told public radio in an interview. While Budapest will still oppose ...

Bloomberg Representatives of indigenous organizations and Ecuador’s embattled government signed an agreement to end more than two weeks of nationwide protests over fuel prices and the high cost of living. Mediated by the Catholic Bishops Conference, the government of President Guillermo Lasso agreed to increase subsidies at the pump. With other measures pledged by the conservative administration, the total is ...

Bloomberg Kenya’s Deputy President William Ruto dismissed comments by his boss that Russia’s invasion of Ukraine is partly to blame for higher living costs, vowing to boost farming if he wins the presidency in August. Ruto pledged to invest at least 500 billion shillings ($4.2 billion) in agriculture and small businesses over five years. That investment would include providing animal ...

  Bloomberg President Jair Bolsonaro’s proposal to help Brazilians suffering with inflation is becoming more expensive as lawmakers add more benefits to the original bill about three months before general elections. The bill’s latest price tag is 41.3 billion reais ($7.9 billion) after lawmakers included cash handouts to cab drivers and small farmers, before it was approved in a landslide ...

  Bloomberg The number of active cryptocurrency users at Bank of America has declined by more than half amid the prolonged rout in the digital-asset market. The bank’s crypto users shrunk to below 500,000 in May from more than 1 million in November 2021, when Bitcoin and some other tokens hit all-time highs. Since then, crypto prices have cratered, with ...

  Bloomberg The Czech central bank’s new governor promised to pursue its goal of price stability as investors are waiting to see how the new management will tackle the fastest inflation in three decades. In a statement published on his first day in office, Ales Michl said he wanted to achieve “low and stable” consumer price growth and “maintain confidence ...