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Wizz Air abandons no fuel hedging policy

  Bloomberg Wizz Air Holdings Plc said it will reinstate its jet-fuel hedging policy as volatile oil prices add to other surging costs for the airline industry and threatens to upend the sector’s recovery from the pandemic. Eastern Europe’s biggest discounter will “mirror” the hedging levels of its main peers and put additional jet fuel price caps in place for ...

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EU leaders visit Kyiv after criticism over Ukraine war

Bloomberg The leaders of Germany, France, Italy and Romania are in Kyiv for talks with President Volodymyr Zelenskiy in by far the highest-profile visit to the country since Russia invaded at the end of February. They traveled overnight by train to Kyiv and were joined by Romania’s president in a show of solidarity ahead of an expected recommendation Friday from ...

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China, Russia give differing accounts of Xi-Putin phone call

Bloomberg Russia and China gave alternative accounts of President Xi Jinping’s birthday call with Vladimir Putin, as both sides seek to manage perceptions of their relationship in the wake of Moscow’s war in Ukraine. The Kremlin readout said the two men, both 69, discussed increasing economic cooperation, trade and military-technical ties between China and Russia on Wednesday. Moscow’s version also ...

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