Bloomberg A Boeing Co 737 Max operated by SpiceJet Ltd made an emergency landing in Karachi after an indicator light malfunctioned, according to a spokesman for the Indian low-cost carrier. The plane was en route to Dubai from New Delhi and landed safely after diverting to the Pakistani city, where a replacement aircraft was headed to pick up passengers …

  Bloomberg British Airways (BA) will pull more flights from its summer schedule as the carrier looks to reduce last-minute cancellations amid continuing staffing shortages and long queues at airports. The unit of IAG SA has now reduced its timetable by 11% through October, compared with a 10% cut for the period announced in May. The UK government has waived …

  Bloomberg The European Central Bank (ECB) is exploring ways to prevent banks from earning windfall profits from the subsidised lending program it launched during the pandemic, once it raises interest rates later this month, according to a report by the Financial Times. The ECB provided €2.2 trillion of subsidized loans to banks during the Covid-19 crisis to avoid a …