Bloomberg Ryanair Holdings Plc expects to report a wider full-year loss than previously forecast after the emergence of the omicron Covid-19 variant plunged the European travel industry into renewed uncertainty. The Irish low-cost airline now anticipates a net loss of between 250 million euros ($283 million) and 450 million euros in the 12 months through March, it said in ...

  Bloomberg A rebound in global airline capacity should accelerate in the second half of next year, but trans-Atlantic traffic likely won’t return to pre-pandemic levels until 2023, according to an aviation consulting firm. Additionally, airfares are poised to rise significantly next year, owing to higher costs from labour and addressing environmental issues, “plus the need for airlines to rebuild ...

Bloomberg Kenya’s government has scrapped a plan to fully nationalise the partly state-owned airline and is looking at other ways to safeguard money it has loaned the carrier, according to the International Monetary Fund (IMF). It will cost a projected $1 billion to restructure Kenya Airways Plc and an injection of the funds by the state will be “unavoidable” as ...

  Bloomberg Miniso Group Holding Ltd, a Chinese budget household and consumer goods retailer whose stock is already traded in New York, is considering a second listing in Hong Kong next year, people with knowledge of the matter said. The firm is working with Bank of America Corp and UBS Group AG on the proposed share sale, the people said, ...

  Bloomberg President Joe Biden signed into law a bill banning goods from China’s Xinjiang region unless companies can prove they aren’t made with forced labor, a move that will add to tensions over Beijing’s treatment of the nation’s Uyghur minority. The bill passed with unanimous backing in both the House and Senate earlier this month, showcasing how Republicans and ...

  Bloomberg The Russian Defense Ministry said more than 10,000 troops would return to their permanent bases in the Southern Military District after over a month of training in the region, including in areas near the Ukrainian border. The exercises took place throughout the district, including in the Crimea and Rostov regions that border Ukraine, according to a statement posted ...

  Bloomberg Myanmar’s junta chief Min Aung Hlaing said there are plans to hold a fresh general election on August 2023, sticking to the military government’s timeline and defying pressure from the US to hold polls earlier. “Depending on state stability and peace, we are making our utmost effort to hold a multi-party general election on August 2023,” the junta ...

  Bloomberg An Indian court has urged the federal election commission and Prime Minister Narendra Modi to postpone state polls due early next year and ban large political gatherings to avoid a possible surge of omicron-fueled infections. The Allahabad High Court, in the northern state of Uttar Pradesh, asked the Election Commission of India to defer elections by as much ...

  Bloomberg South Korea’s government will grant a special pardon to former President Park Geun-hye, releasing her from prison after she spent nearly five years behind bars of a 22-year sentence for corruption. Park, a conservative and a prominent rival of the current leader, will be released on December 31, the Justice Ministry said. “From the perspective of the national ...

  Bloomberg Poland’s government rejected fresh allegations that it illegally hacked the mobile phone of a senior opposition lawmaker during the 2019 parliamentary election campaign, the latest spying scandal hitting the country’s nationalist leaders. The Associated Press reported that Senator Krzysztof Brejza’s mobile phone was hacked with sophisticated spyware when he was running the main opposition party’s campaign, citing internet ...