Bloomberg Surprise policy tightening moves announced by central banks in Singapore and the Philippines signal Asia is now fully awake to the threat of accelerating inflation, and is playing catch up with its global peers. Analysts in the region recommend a number of strategies that investors can take in response to the increasingly hawkish environment, including favouring the Singapore dollar, …

Bloomberg London Heathrow is imposing a two-month cap on daily passenger traffic to contain flight chaos, a dramatic response by the UK’s busiest airport to address the struggle with surging demand for travel. The airport will limit daily passenger traffic to 100,000 departing people through September 11, asking carriers to refrain from selling summer tickets. Current forecasts are modeling for …

Bloomberg Air France-KLM’s French low-cost carrier, Transavia, cancelled 15% of flights amid a dispute with cabin crew, exacerbating the chaos engulfing European air travel. Dozens of the company’s flights from Paris-Orly airport were not operating, according to the SNPNC union, which had called for strike action over wages. The labour group refused to sign a deal agreed to with other …