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TUI stems cash burn as bookings surge on border reopenings

Bloomberg TUI AG stopped burning cash as holiday bookings surged following European government moves to relax travel restrictions. The world’s biggest tour operator reported cash inflows during the three months through June of 320 million euros ($376 million), excluding financing costs, the first time it’s recorded a positive number since the onset of the Covid-19 pandemic. That’s after revenue surged ...

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Taliban reach Kabul, says in talks for peaceful transition

Bloomberg The Taliban ordered its fighters to remain just outside the Afghan capital as it starts talks for a peaceful transition of power, cementing its renewed grip on the country two decades after the US ousted it from power. Fighters from the militant group entered the outskirts of Kabul on Sunday as the US and other nations rushed to evacuate ...

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Trudeau to call election in pursuit of new majority

Bloomberg Prime Minister Justin Trudeau was to visit the Queen’s representative in Canada to trigger the country’s second election in two years, seeking to capitalise on polls showing his Liberal Party with a large enough lead to retake a majority in parliament. The prime minister was scheduled to meet Governor General Mary Simon at 10 a.m in Ottawa, according to ...

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