Bloomberg A wave of airline strikes and flight cancellations is deepening Europe’s transport crisis, disrupting travel plans just as the region’s peak summer season gets under way. Walkouts in coming days at Ryanair Holdings Plc, EasyJet Plc, British Airways and Aeroports de Paris (ADP) will add to the turmoil from staffing shortages that are leading to hours-long delays and thousands ...

  Bloomberg Deutsche Lufthansa AG doesn’t expect flight operations to return to normal until next year, after cutting 3,100 flights from its summer schedule due to staff shortages. “Unfortunately, we will hardly be able to realistically achieve a short-term improvement now in the summer,” Lufthansa board member Detlef Kayser said in an interview with Die Welt. The only option for ...

Bloomberg Nike Inc said it’s leaving the Russian market entirely after suspending operations in March, joining other US companies that have pulled out in the wake of Russia’s invasion of Ukraine. The world’s largest athletic-wear maker halted sales in Russia earlier this year, telling customers that it couldn’t guarantee product shipments. The Beaverton, Oregon-based company had more than 100 stores ...

Bloomberg Regent Street, London’s premier shopping thoroughfare, is struggling to shake off the lingering effects of Covid-19. Store vacancy levels, at a record 12%, are almost twice what they were at the end of 2019, while asking rents for the best space on the street have fallen by more than 30% during the pandemic, according to Savills Plc. Shoppers who ...

  Bloomberg Software maker Zendesk Inc agreed to be acquired by a group of buyout firms led by Hellman & Friedman and Permira for about $9.5 billion. The all-cash transaction offers shareholders $77.50 a share, a premium of 34% over Zendesk’s closing stock price. Including debt, the deal is valued at about $10.2 billion. The announcement comes after Zendesk said ...

Bloomberg Russian missiles struck residential buildings in the center of Ukraine’s capital early Sunday, which was condemned by President Joe Biden as “barbarism.” The strikes followed bombardments across in Ukraine’s north and west on Saturday, including missiles launched from Belarusian airspace. “It’s more of their barbarism,” Biden said in response to a question from a reporter about the hit on ...

Bloomberg Back-to-back rulings on guns and abortion eliminated any doubt the US Supreme Court will be the transformational force Republicans envisioned when they filled three vacancies during Donald Trump’s presidency. Less than two years after Justice Amy Coney Barrett’s confirmation just before the 2020 presidential election, the court’s conservatives laid bare their willingness to rewrite the nation’s lawbooks and upend ...

Bloomberg Embattled UK leader Boris Johnson said he plans to stick around as prime minister for a third term until the mid-2030s, an act of defiance in the face of mounting political defeats and pressure within his own Conservative Party. Earlier this month, Johnson survived a leadership challenge and there is growing speculation that another confidence vote is being hatched ...

  Bloomberg South African President Cyril Ramaphosa mounted a defense of his corruption-fighting record and promised consequences for the architects of a massive scheme to defraud the state days after the head of a judicial inquiry found that he had stood by while the looting happened. In a column carried by the Sunday Times, Ramaphosa detailed his efforts to rebuild ...

  Bloomberg Canadian banks fall about 20% from their record high set in early February as recession fears send investors fleeing. The S&P/TSX Commercial Banks Index, which tracks the country’s eight largest lenders, dropped, adding to another day of losses after inflation in Canada surged to a four-decade high and US data pointed to rising unemployment and slumping manufacturing and ...