Bloomberg European natural gas prices jumped as reduced supplies raised concerns about the pace of refilling storage sites in time for next winter, just as a heat wave boosts demand for cooling. Benchmark futures rise as much as 8%, increasing for a third day. A liquefied natural gas export facility in the US — a vital source of supply …

Bloomberg Australia’s key power market suspended spot trading as it attempts to ease an electricity crunch that’s been worsened by some plants withholding supply after introduction of price caps. The Australian Energy Market Operator said it was taking action after some generators failed to respond to requests to fire up shuttered units and help add more supply to country’s main …

Bloomberg British Airways has around 3,000 potential recruits stuck in background checks that are taking up to four months, it said at a parliamentary hearing into the travel chaos gripping UK airlines and airports. Appearing before the House of Commons transport committee Tuesday, executives from BA, EasyJet Plc and TUI AG provided details of staff shortages they say are to …

  Bloomberg Spirit Airlines Inc is holding talks with would-be suitor JetBlue Airways Corp over its revised $3.4 billion all-cash takeover bid and will announce a recommendation from its board ahead of a June 30 shareholder meeting. The deep-discount carrier said it’s also continuing talks with Frontier Group Holdings Inc over a previous buyout deal originally valued at $2.9 billion …

  Bloomberg Etsy Inc’s bad news for investors goes beyond the 66% plunge that’s the second-biggest in the S&P 500 Index this year: The unraveling of the platform for craft sales may have further to go, especially with the fastest inflation in 40 years crimping consumer budgets. With Etsy shares already near their cheapest on record, UBS Group AG slashed …

Bloomberg Europe’s air travel chaos spread to Switzerland on Wednesday after a technical malfunction at the country’s air traffic control system shut down flights nationwide and left thousands stranded across the continent. Swiss airspace was closed around 6:30 am and remained so for roughly two hours. Zurich Airport said flights gradually returned to normal operating capacity as of 10 am. …

  Bloomberg United Airlines Holdings Inc has quietly divested its stake in the parent company of former regional carrier ExpressJet Airlines Inc, according to people familiar with the matter. United had maintained a 49.9% position in ManaAir after shuttering ExpressJet’s regional feed operations almost two years ago after the onset of the Covid-19 pandemic. ExpressJet, which has an operating certificate …

  Bloomberg Walmart Inc is seeking UK retailers to join its online marketplace in an attempt to give British businesses another e-commerce alternative to Amazon and EBay. Approved British sellers will be able to sell their goods on Walmart.com, which is visited by more than 120 million people every month, the US shopping giant said in a statement. In a …

  Bloomberg A break up of HSBC Holdings Plc’s Asian unit could unlock $26.5 billion, or about a fifth of its current market value, according to research that could support a push from its largest shareholder to overhaul the bank. Two other scenarios that could benefit shareholders are for HSBC to spin off the Asian business or just its Hong …

  Bloomberg The yen falls to a 24-year low and Japanese bonds tumbled, prompting a warning from the Bank of Japan (BOJ) as its easy monetary policy increasingly feels strain of rising interest rates globally. The currency falls more than 0.5% to 135.19 per dollar, the lowest since October 1998, as Treasury yields extended inflation-shock driven gains and the Bank …