Bloomberg Spirit Airlines Inc is holding talks with would-be suitor JetBlue Airways Corp over its revised $3.4 billion all-cash takeover bid and will announce a recommendation from its board ahead of a June 30 shareholder meeting. The deep-discount carrier said it’s also continuing talks with Frontier Group Holdings Inc over a previous buyout deal originally valued at $2.9 billion ...

  Bloomberg Etsy Inc’s bad news for investors goes beyond the 66% plunge that’s the second-biggest in the S&P 500 Index this year: The unraveling of the platform for craft sales may have further to go, especially with the fastest inflation in 40 years crimping consumer budgets. With Etsy shares already near their cheapest on record, UBS Group AG slashed ...

Bloomberg Europe’s air travel chaos spread to Switzerland on Wednesday after a technical malfunction at the country’s air traffic control system shut down flights nationwide and left thousands stranded across the continent. Swiss airspace was closed around 6:30 am and remained so for roughly two hours. Zurich Airport said flights gradually returned to normal operating capacity as of 10 am. ...

  Bloomberg United Airlines Holdings Inc has quietly divested its stake in the parent company of former regional carrier ExpressJet Airlines Inc, according to people familiar with the matter. United had maintained a 49.9% position in ManaAir after shuttering ExpressJet’s regional feed operations almost two years ago after the onset of the Covid-19 pandemic. ExpressJet, which has an operating certificate ...

  Bloomberg Walmart Inc is seeking UK retailers to join its online marketplace in an attempt to give British businesses another e-commerce alternative to Amazon and EBay. Approved British sellers will be able to sell their goods on Walmart.com, which is visited by more than 120 million people every month, the US shopping giant said in a statement. In a ...

Bloomberg Turkey is maintaining its opposition to Sweden and Finland joining Nato unless they address its security concerns, President Recep Tayyip Erdogan said, leaving little hope that enlargement of the bloc could get underway by a summit this month. Finland and Sweden sought entry into the North Atlantic Treaty Organization following Russia’s attack on Ukraine, only to have their bids ...

Bloomberg Chinese President Xi Jinping held his second phone call with Vladimir Putin since his Russian counterpart invaded Ukraine in late February, where he reiterated support for Russia’s security concerns, state broadcaster CCTV reported. The report of the conversation, which took place on Xi’s 69th birthday, largely repeated China’s prior comments on Russia including a call for Putin and other ...

Bloomberg The European Union is restarting legal proceedings against the UK as Brussels prepares for a drawn-out fight over London’s move to override part of the Brexit deal. The UK’s planned legislation announced earlier this week is a breach of international law, Maros Sefcovic, the EU’s chief Brexit negotiator, told reporters on Wednesday. He added that the UK proposal to ...

Bloomberg Japanese Prime Minister Fumio Kishida plans to attend a Nato summit later this month, showing support for its efforts during Russia’s war in Ukraine by becoming the first Japanese premier to take part in such a meeting of the military alliance. “Russia’s invasion violates the peace and order of the world and can never be tolerated,” Kishida said as ...

  Bloomberg Canada plans to require companies to share cyber threat information and to remove any product or service that could pose security risks. Industry Minister Francois-Philippe Champagne and Public Safety Minister Marco Mendicino introduced a bill Tuesday titled an “Act Respecting Cyber Security” that will apply to four federally-regulated infrastructure sectors including telecommunications, transport, finance and energy. The bill ...