Bloomberg American equity futures edged higher on Wednesday while stocks in Europe dipped in cautious trading dominated by a dimming economic outlook and an anxious wait for data that may show US inflation at a fresh four-decade high. S&P 500 and Nasdaq 100 futures posted modest gains after yet another volatile day that ended with both gauges solidly in the …

  Bloomberg A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency (IEA). “The world has never witnessed such a major energy crisis in terms of its depth and its complexity,” IEA Executive Director Fatih Birol said on Tuesday at a …

Bloomberg The UK’s next prime minister is likely to have a weaker commitment to achieving net-zero carbon emissions than Boris Johnson. The outgoing British leader made cutting emissions a priority and sought leadership on the global stage by hosting the COP26 summit in Glasgow in November. But in the middle of a cost-of-living crisis caused by rising fuel and food …

  Bloomberg Temasek Holdings Pte increased its internal carbon price to $50 a ton as the Singapore state-owned investor takes steps to meet a net zero target by 2050. The $287 billion fund lifted the internal price from $42 a ton, and plans to increase it further to $100 a ton by 2030, according to the investor’s annual report released …

  Bloomberg Air Canada’s hope for a strong recovery in 2022 has been foiled by chaos at Canada’s biggest airports. Travellers are back in big numbers as the summer vacation season kicks off. But Toronto’s Pearson International Airport has descended into scenes of long lines and a sea of luggage, and the nation’s largest airline is paying the price. About …

  Bloomberg Frontier Group Holdings Inc asked buyout target Spirit Airlines Inc to further delay a shareholder vote on their proposed merger, saying it’s still “very far” from winning sufficient support because of a higher offer from rival JetBlue Airways Corp. Frontier also asked Spirit’s board to publicly reaffirm its commitment to their original agreement reached in February in light …

  Bloomberg Gap Inc fired Chief Executive Officer Sonia Syngal after 2 1/2 years, with rising costs and deepening discounts threatening to wipe out this quarter’s operating profit. Chairman Bob Martin is taking over immediately as CEO on an interim basis, according to a statement. The stock has been battered amid missteps such as a clumsy implementation of expanded women’s …

  Bloomberg The US Centers for Disease Control and Prevention uses outdated tools to track and analyse how Covid-19 spreads on planes, hindering the agency’s ability to stop outbreaks, a government watchdog agency said. Air travel is a constant concern in public health, since a sick person can board a plane in one country and hours later land in another, …

  Bloomberg The billionaire Benetton family agreed to sell their controlling stake in highway restaurant operator Autogrill SpA to duty-free company Dufry AG, creating a $6 billion player in the travel retail market and accelerating the overhaul of the Italian industrial clan’s holdings. As part of the deal, the Benettons will sell their majority stake in Autogrill to become the …

  Bloomberg SpiceJet Ltd, the Indian airline already under scrutiny from regulators in the country, had another technical issue after a flight to Dubai, according to people familiar with the matter. The plane, an eight-year-old Boeing Co 737 next generation jet, had flown from India to Dubai and after landing was discovered to have a technical issue with its nose …