Bloomberg The share of US flight delays caused by airlines, as opposed to weather or air traffic control, has surged to the highest level on record, reflecting carriers’ struggle in the post-Covid rebound. Through April, airlines triggered about 58% of late flights so far in 2022, surpassing those that were tardy due to storms, the government’s air-traffic system and security ...

Bloomberg China’s attempt to strike a wide-ranging economic and security pact in the strategically important Pacific region fell apart in May because of Beijing’s rushed attempts at diplomacy. The head of the Pacific Islands Forum held this week in Fiji said Chinese Foreign Minister Wang Yi had come to the region with an “outcomes document” already prepared, before any meetings ...

  Bloomberg The European Union was set to propose a new slate of penalties targeting Russia for its invasion of Ukraine, as well as actions to tighten previously approved sanctions packages, according to people familiar with the matter. The new measures, which one of the people called a “compliance and alignment package,” are expected to target Russian gold, introduce more ...