Bloomberg Flight cancellations at Dutch airline KLM have surpassed 225 in the past few weeks as its Amsterdam Schiphol hub is hit by labour shortages and industrial strife. The Air France-KLM unit was supposed to be in discussions with the airport about service levels, a spokesman said. That follows 75 cancellations last weekend amid a lack of airport personnel ...
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Moscow-occupied Ukraine region to ask to join Russia
Bloomberg Kremlin-installed occupation authorities in Ukraine’s southern Kherson region plan to ask President Vladimir Putin to become part of Russia, Tass reported, the first public sign that he may seek to annex territory taken in the invasion. The region won’t hold a referendum first but would appeal directly to Putin to absorb it into Russia, Kirill Stremousov, the deputy chief ...
Read More »Sweden, Finland get Britain security pledge for Nato bid
Bloomberg Sweden and Finland are winning more pledges of help in case Russia attacks them as the Nordic nations are on the path to becoming members of the Nato defense bloc. UK Prime Minister Boris Johnson signed a security agreement with Sweden and plans another with Finland later in the day, as the pair is moving closer to filing membership ...
Read More »UK threatens unilateral action on Northern Ireland Brexit deal
Bloomberg The UK escalated its threats over the post-Brexit deal for Northern Ireland, saying the European Union’s latest proposals on trading arrangements won’t work and signalling it’s prepared to take unilateral steps unless a new agreement can be negotiated. The government “will not shy away from taking action to stabilise the situation in Northern Ireland if solutions cannot be found,†...
Read More »Marcos asks not to be judged on his ‘ancestors’
Bloomberg The only son and namesake of the late dictator Ferdinand Marcos has claimed victory in a high-stakes Philippines presidential election and has asked critics to judge him by his actions and not his past as he moves on with considering names for his cabinet. Ferdinand “Bongbong†Marcos Jr won the election by a landslide, cementing his family’s return to ...
Read More »Japan, South Korea set to join US-led group
Bloomberg Japan and South Korea are among the countries set to join the Indo-Pacific Economic Framework (IPEF), a US-led regional grouping President Joe Biden is expected to unveil later this month, the Sankei newspaper reported. Australia and New Zealand are also set to sign up as members of the group, the paper said, without specifying where it got the information. ...
Read More »US to bolster Latin American economies to curb migration
Bloomberg The Biden administration is working on a proposal to bolster economies in Latin America and strengthen US ties ahead of a key regional summit the US will host next month to help confront the challenge of fast-increasing migration. The proposed economic framework, still in the early stages, will address issues including so-called nearshoring and supply-chain vulnerabilities revealed by ...
Read More »Apollo plans to lead $1bn financing for Musk’s Twitter bid
Bloomberg Apollo Global Management Inc. is in talks to lead a preferred financing for Elon Musk’s proposed buyout of Twitter Inc., according to people with knowledge of the deal. The funding, arranged by Morgan Stanley, will exceed $1 billion and may include Sixth Street Partners, among other firms, the people said. Shares of Twitter closed at $47.26 apiece, with ...
Read More »Greek inflation soars 10% for first time in 27 years
Bloomberg Greek inflation soared beyond 10% for the first time since 1995 as Russia’s war in Ukraine heightened already spiking energy costs. A national gauge of consumer prices jumped 10.2% from a year ago in April, the highest since February 1995, driven by electricity and fuel, as well as goods including vegetables and transport, the Hellenic Statistical Authority said. ...
Read More »Norway’s inflation at 13-year high boosts rate-hike pressure
Bloomberg Norway’s inflation accelerated more than expected last month to a new 13-year high, raising pressure on the central bank to speed up its interest rate-hike plan to more than one increase per quarter. Consumer prices rise 5.4% from a year earlier, the fastest pace since October 2008, according to data from Statistics Norway. Economists surveyed by Bloomberg expected ...
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