By most measures, the US economy is doing well — but not when it comes to inflation. Consumer prices rose 8.5% in the year to March. Wages are rising too, though not fast enough to keep up. That means financial stress for many families, especially those on fixed incomes or with meager savings. With midterm elections approaching, President Joe ...

Bloomberg US airlines are facing a pilot shortage that’s complicating efforts to ramp up flights, forcing them to step up training programs, recruit foreign pilots and even replace planes with buses. The industry needs to hire an average of 14,500 new pilots each year until 2030, according to federal labour statistics. But carriers say there’s no way they can bring ...

  Bloomberg A lawyer for US Airways told jurors that Sabre Holdings Corp cost it $299.3 million in overcharges and lost profits, at the start of an antitrust trial in Manhattan. US Airways sued Sabre in 2011 claiming it charged inflated fees for its computerized reservation services, avoided competing over prices and blocked competitors from entering the market. The airline ...

  Bloomberg American Airlines Group Inc and United Airlines Holdings Inc said some Boeing Co aircraft won’t arrive until 2023 or 2024 amid lingering uncertainty over when the planemaker will be allowed to resume deliveries of its 787 Dreamliner. The issue has already prompted American to reduce, delay or suspend some planned international routes, a setback for the carrier as ...

  Bloomberg Lululemon Athletica Inc outlined a new five-year plan intended to double sales to $12.5 billion by 2026, in part by expanding its offerings to men. The athletic-wear retailer aims to double the revenue it gets from men’s products and its digital channel, while quadrupling international sales from 2021 levels, the company said in a statement. Executives are meeting ...

  Bloomberg Poland’s simmering industrial dispute over working conditions for air traffic control staff threatens to disrupt more than 600 flights a day if a deal can’t be reached, Europe’s airspace-management body warned. Capacity for services to Warsaw could be cut to just 170 a day if the situation worsens, leaving around 340 at risk of cancellation, while 300 of ...

  Bloomberg Frasers Group Plc’s new chief executive officer will receive a $27 million payment just days before he takes charge of the British retail group. The company behind Sports Direct and House of Fraser said it was awarding the payment to Michael Murray for his previous consultancy work at the group. Murray is not formally employed by Frasers but ...

Bloomberg French voters headed to the polls for the second time in two weeks to conclude a presidential election in which incumbent centrist Emmanuel Macron has the advantage in surveys over nationalist Marine Le Pen. The candidates’ plans are diametrically opposed. At home, Macron, is sticking to his credo of pro-business overhauls — including an increase in the retirement age ...

Bloomberg North Korea was expected to show signs of holding a huge military parade on April 24 where it would showcase its latest strategic weapons and celebrate the anniversary of its army, Yonhap News reported. The parade at Kim Il Sung Square may involve 20,000 troops, while rehearsals had more than 250 pieces of military equipment on display, the report ...

Bloomberg As Russia’s invasion of Ukraine enters its third month, US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin are preparing to visit Kyiv. President Volodymyr Zelenskiy hailed accelerated weapons supplies that he said could help Ukraine step up its counteroffensive, and said the Americans “should not come here with empty hands.” Russia said it struck a “large ...