Bloomberg Britain set out plans to bolster airlines and airports roiled by the coronavirus pandemic, while emphasizing that growth must be in line with steps to slash carbon emissions and promising a charter for traveller rights. The ten-point strategy revealed by the government lists ambitions including sustainable growth in both passengers and cargo and the addition of airport capacity where ...

Bloomberg Macy’s Inc raised its profit forecast as US consumers keep spending despite the highest inflation in four decades. The shares rose in early trading. Earnings excluding some items are now seen in the range of $4.53 to $4.95 this year, up from a prior forecast of $4.13 to $4.52, the department-store chain said as it reported first-quarter results. Analysts ...

  Bloomberg JD Sports Fashion Plc fell 12% in early London trading after announcing executive chairman Peter Cowgill is stepping down with immediate effect. The move comes just a few months after the British retailer was fined nearly $6.3 million by the country’s antitrust regulator. JD Sports said Helen Ashton, chair of the audit and risk committee, will become interim ...

Bloomberg German Chancellor Olaf Scholz called for more countries to join international efforts to isolate Russia, saying President Vladimir Putin must not be allowed a victory in Ukraine that could embolden other warmongers. Scholz’s plea came as the European Union struggles to maintain a united front in talks over further sanctions against Moscow, and many emerging powers in Asia, Africa ...

Bloomberg The US ambassador to the Organization for Security and Co-operation in Europe (OSCE) warned Russia could use any Ukraine territory it holds onto as a “springboard” to capture more terrain. Germany’s chancellor said Russia wants to “bomb us back to a time when war was a common political tool.” Nato Secretary General Jens Stoltenberg told allies the war “may ...

Bloomberg Singapore’s Prime Minister Lee Hsien Loong urged that China remain integrated in the region, days after US President Joe Biden visited Asia for a series of summits that excluded the world’s second-largest economy. “If US-China relations continue on this path, it will lead to further bifurcation of technology and splitting of supply chains or even worse unintended consequences,” Lee ...

Bloomberg When Texas Governor Greg Abbott signed into law measures that would allow adults to carry handguns without a license in 2021, smiling at the dais a seat away from him was the head of the National Rifle Association (NRA). After the shooting deaths of at least 19 children and two adults at an elementary school in Uvalde, the Republican ...

  Bloomberg The gap in inflation experienced by the richest and poorest households in the UK has expanded to its widest level in at least 16 years, according to a report by the Resolution Foundation think-tank. Soaring energy bills as well as higher food costs have sent the UK’s overall inflation rate to a 40-year high of 9%. But headline ...

  Bloomberg Apple Inc is raising salaries for workers in the US by 10% or more as it faces a tight labour market and the spread of unionisation efforts across its retail stores. The Cupertino, California-based company is expanding its overall compensation budget this year, it said in a statement. It will hike minimum hourly pay for its staff to ...

  Bloomberg US equity futures were mixed and bonds gained on Thursday as traders weighed Federal Reserve minutes that struck a less hawkish note with downbeat remarks on China’s economy by Premier Li Keqiang. Contracts on the Nasdaq 100 and S&P 500 fluctuated amid mixed corporate news. Nvidia Corp. fell more than 5% in premarket trading as China’s Covid-19 lockdowns ...