Bloomberg A majority of Latam Airlines Group SA’s unsecured creditors have voted in favour of its proposed restructuring plan, easing the Chilean carrier’s path out of bankruptcy. About 65% of the low-ranking creditors voted to accept the plan, the company said in a statement, giving Latam a crucial level of support before asking its bankruptcy judge to sign off on ...

Bloomberg An airline group and a pilots’ association are ringing the alarms on Mexico City’s airspace, saying they’ve seen a worrying increase in ground proximity warning events since the space was redesigned last year. Benito Juarez International Airport recorded at least 17 such warnings since April 2021 as part of an alert system that notifies when planes are in danger ...

Bloomberg Adidas SE cut its profitability targets for this year and forecast a plunge in sales of sporting goods in China as the Covid Zero policy keeps stores shut. The company also said supply bottlenecks in Vietnam have reduced the availability of products, eroding sales. The shares fell as much as 6.8%, approaching a two-year low. A fifth of the ...

  Bloomberg If you’re planning to send flowers for Mother’s Day, expect to pay more. Marie Noe, owner of A Bella Mia flower shop in Norwood, Massachusetts, has raised her prices by 24% across the board in the past three years to cover costs. Some items Noe has raised even more, citing an arrangement that used to sell for $59.99 ...

  Bloomberg Shares of e-commerce companies from Etsy Inc to Shopify Inc tumbled after weaker-than-expected quarterly earnings and forecasts deepened concern that the pace of online shopping has slowed. Etsy sank 17% after providing a second-quarter gross merchandise sales forecast that fell short of analyst expectations, while Canada’s Shopify dropped 15% in New York trading after merchandise volume and revenue ...

Bloomberg John Lee, named Hong Kong’s next chief executive in a rubber-stamp election that’s been criticised as unfair, vowed to strengthen national security and accelerate the city’s integration with mainland China. Speaking in Cantonese and English shortly after his victory was announced, the former police official and security minister outlined his service to China and Hong Kong and said his ...

Bloomberg US first lady Jill Biden crossed into Ukraine from Slovakia for an unannounced visit. Hungary continues to block the European Union’s latest package of sanctions against Russia, and Sunday’s talks in Brussels ended without an agreement. President Volodymyr Zelenskiy issued a video to mark Ukraine’s Day of Remembrance and Reconciliation, a day before Russian President Vladimir Putin is expected ...

  Bloomberg The UK government plans to move quickly to “fix” the Northern Ireland Protocol despite the election victory of the Irish nationalist party Sinn Fein, which favours keeping the contentious post-Brexit trade agreement. “It must be dealt with,” Dominic Raab, the UK’s deputy prime minister, told Sky News. Raab declined to comment on a report in the Telegraph that ...

Bloomberg The Russian invasion of Ukraine has spurred a rush of loans to help tiny Moldova defray the economic hit from the war raging next door. Things are so perilous that the International Monetary Fund is now calling on nations to send cash. The conflict is piling pressure on the ex-Soviet nation, just as it started trying to fix graft ...

Bloomberg The two candidates for Australia’s next prime minister were grilled on cost-of-living issues, corruption and rising inflation at a second leaders’ debate less than two weeks from a national vote to be held on May 21. During the debate, held in Sydney, the conversation often deteriorated into a yelling match between PM Scott Morrison and opposition Labor leader Anthony Albanese, ...