European natural gas prices are still well below the all-time high set in March. Dig a bit deeper, however, and they are signalling a more protracted disruption than markets anticipated in the immediate aftermath of Vladimir Putin’s invasion of Ukraine. While the gas market then priced in a short-lived crisis, lasting perhaps a couple of months, it’s now flashing ...

  Bloomberg It could be one of the world’s most expensive white elephants. Hong Kong opened its new, third runway at its airport, part of a HK$141.5 billion ($18 billion) project that will increase its footprint by 50%, adding 650 hectares (1,606 acres), equivalent to the size of Gibraltar. Also under construction is a HK$20 billion entertainment, retail and commercial ...

  Bloomberg Wizz Air Holdings Plc is cutting 5% of its capacity over the peak summer travel period to reduce the impact of a staffing crisis that’s plaguing the industry. The low-cost carrier’s reductions, announced in a statement, will add to travel disruptions across Europe after companies including British Airways, KLM and Deutsche Lufthansa AG scrapped flights as demand bounced ...