Bloomberg Wages for cabin crews at Swiss International Airlines AG are likely to rise as the airline attempts to retain staff, said Chief Executive Officer Dieter Vranckx. In an interview with the newspaper NZZ, Vranckx said Lufthansa-owned Swiss will likely offer higher wages to staff next month as inflation crimps the cost of living. “Wages will most likely be ...

  Bloomberg A drone struck the headquarters of Russia’s Black Sea fleet in occupied Crimea on Saturday, days after unexplained explosions at nearby military facilities. No injuries were reported. The drone struck the roof of Russia’s Black Sea fleet headquarters in Sevastopol, Crimea, the region’s governor said on Telegram. No injuries were incurred, according to the Russian state news service ...

  Bloomberg The daughter of a prominent Moscow nationalist who advocated a “Russian World” ideology to justify expansion by the Kremlin, and who’d herself been sanctioned by the US and UK, was killed in a car bombing. Darya Dugina, 29, whose father is far-right political theorist Alexander Dugin, died when the Toyota SUV she was driving exploded about 20km (12 ...

  Bloomberg Singapore’s Prime Minister Lee Hsien Loong warned against “foreign actors” and interference campaigns fueling divisions in the city state as global geopolitical tensions escalate. China-US relations have become “very troubled,” Lee said in his annual National Day Rally speech Sunday, adding that Singapore is among those trying “our best to avoid being caught up in the major power ...

  Bloomberg The violent siege by extremists at a popular hotel in Somalia’s capital, Mogadishu, ended around midnight Saturday, local police said. A final death toll is pending from Somalia’s ministry of health. Earlier estimates suggest at least 20 people died when members of al-Shabaab stormed the Hayat Hotel on Friday night after first setting off bombs outside. “As our ...

Bloomberg Drought and extremely high temperatures made worse by climate change across Europe have led to record levels of fire activity in the continent, with blazes burning through an area roughly equivalent to one-fifth of Belgium. Wildfires in the European Union have consumed 660,249 hectares (1,631,511 acres) of land for the year through August 13, according to data from the ...

  Bloomberg UK government borrowing came in higher than forecast in the first four months of the fiscal year as soaring inflation drove up debt costs. A larger-than-forecast £4.9 billion budget deficit in July took the total for 2022-23 so far to £55 billion pounds — £3 billion more than officials forecast in March. Debt-servicing costs surged by 81% from ...

  Bloomberg Europeans returning from their summer breaks will find a more fragile economy that risks buckling under the threats of energy rationing, record inflation and tighter monetary policy. Purchasing managers’ indexes due on Tuesday will likely show private-sector output shrinking for a second month, adding to signs that a recession in the 19-nation euro zone is now more likely ...

  Bloomberg Swiss watch exports rose again in July, increasing to near record levels and notching their highest value in eight years as demand for pricey Rolex, Omega and Vacheron Constantin timepieces booms. Exports rose 8.3% in July compared to the same month in 2021 to 2.2 billion Swiss francs ($2.3 billion), the Federation of the Swiss Watch Industry said. ...

  Bloomberg Norway’s economy grew in line with analysts’ forecasts in the second quarter, boosted by a post-pandemic rebound in service industries that outweighed the dent from surging prices. Mainland GDP, which adjusts for the oil-rich nation’s offshore industry, expanded 0.7% from the previous three months, the statistics office said. This was in line with economists’ projections in a Bloomberg ...