Bloomberg United Airlines Holdings Inc. is confident that a domestic travel resurgence will continue despite rising coronavirus infections, leading the carrier to forecast profits for the rest of this year “We don’t just see the light at the end of the tunnel, we’re exiting the tunnel,” Chief Executive Officer Scott Kirby said on an earnings call, citing robust demand. “It’s …

Bloomberg Uber Technologies, Inc is accelerating its on-demand grocery delivery service in the US, more than doubling the cities where it’s available and partnering with a major grocer as the pandemic-fueled delivery competition heats up. After launching its grocery delivery service last July, Uber said on Monday that it can now be used in more than 400 locations in the …

Bloomberg The European Central Bank (ECB) said it will lift a cap on how much lenders can return to shareholders with dividends and share buybacks, while urging them to remain cautious given uncertainty in pandemic. The ECB “decided not to extend beyond September 2021 its recommendation that all banks limit dividends,” the central bank said in a statement. “Instead, supervisors …

Bloomberg The battle to win affluent customers is paying off for American Express Co. The credit-card giant added a record number of new customers to its tony Platinum card in the period. That helped revenue surge 33% to $10.2 billion in second quarter, topping the $9.6 billion average estimate of analysts in a Bloomberg survey. Shares soared to a record. …

Bloomberg The Bank of Canada will allow most of its employees to work remotely as much as 50% of the time once public health guidelines allow it to fully reopen its offices. A limited number of staff are currently working in the central bank’s offices in Ottawa. The coronavirus pandemic has eased in Canada, with vaccinations rising and cases dropping, …

Bloomberg The chief executive of Danske Bank said the lender still faces a number of hurdles, including a sluggish retail business, raising questions about management’s ability to live up to long-term profitability targets. Carsten Egeriis, who became CEO in April after his predecessor stepped down due to a money laundering probe, said Danske is still suffering from “reputational issues,” which …

Bloomberg Tanzania’s central bank said inflation remains low, within its target range of 3% to 5%, despite a recent increase in oil prices, and that the risk to the outlook is moderate. The improving global economy will provide “great impetus” to a recovery in Tanzania, the central bank’s Monetary Policy Committee said in a statement Saturday following its latest meeting. …

Bloomberg The Reserve Bank of India (RBI) is considering a “phased introduction” of a central bank digital currency as it will need legal changes to be made in the nation’s foreign-exchange rules and information-technology laws, Deputy Governor T. Rabi Sankar said. Delivering a speech to outline the RBI’s plans, Sankar said that policymakers were considering running pilot programs for the …

Bloomberg On its website, Mercedes-Benz describes the 2021 Mercedes-AMG GT63 S as “a four-door supercar.” This is a bit much, notwithstanding the fact that at 16 mpg in the city, it is about as thirsty as one. Mention a supercar built for four and image of the $1.7 million Koenigsegg Gemera would spring to mind, or the menacing and tactical …

Bloomberg Intel Corp Chief Executive Officer Pat Gelsinger said the worst of a sales slump has passed and struck a bullish tone about the chipmaker’s prospects for the rest of the year and beyond. Investors are waiting to see proof that the company can regain dominance in semiconductor industry. The key to winning them over will be Gelsinger’s ability to …