Bloomberg China’s top air-cargo carrier is joining an online booking platform that’s revolutionising a $200 billion global market the way websites like Travelocity and Expedia digitised flight transactions for passengers more than two decades ago. Freightos Group announced that the air-logistics arm of China Southern Airlines Co will offer real-time rates, capacity and bookings on WebCargo, a Barcelona-based unit …

  Bloomberg Paris reopened its most iconic airport terminal as France prepares to welcome millions of visitors for the 2024 summer Olympics while the travel industry struggles to recover from the fallout of the pandemic. Aeroports de Paris, which operates Charles de Gaulle airport, spent €250 million ($263 million) on works that lasted more than two years and created an …

  Bloomberg Russian tourists are once again traveling in large numbers to Thailand via chartered flights and using credit cards issued outside the country to get around payment difficulties, turbo-charging a gradual tourism recovery in the Southeast Asian nation. More than 44,000 Russians visited Thailand in October, compared with less than 10,000 each in the months following the start of …

  Bloomberg J Sainsbury Plc is investing an extra £50 million ($61 million) to keep prices down as the cost-of-living crisis grows in the UK. As part of the latest push, more than £15 million is targeted to make shoppers’ Christmas spend more affordable, for example with ingredients for a roast dinner at less than £4 a person. Shoppers are …

  Bloomberg Northern Europe faces freezing temperatures for the next two weeks, with an expected jump in heating demand adding pressure to the region’s stretched energy systems. Nordic countries will feel the brunt of the cold snap, with a low of -9.5C (14.9F) in Oslo expected next Tuesday, forecaster Maxar Technologies Inc. said in a report. Arctic air will also …

  Bloomberg NRG Energy Inc agreed to buy Vivint Smart Home Inc for $2.8 billion to accelerate the US power producer’s strategy of diversifying from its core electricity-generation business by focusing on retail consumers. Vivint, based in Provo, Utah, sells smart thermostats, locks, lights and other household devices. NRG said on Tuesday it will pay $12 a share in cash …

  Bloomberg Australia’s central bank raised its key interest rate for an eighth consecutive month and said it expects to tighten further as policy makers combat the hottest inflation in three decades. The Reserve Bank increased its cash rate by a quarter-percentage point to 3.1%, the highest level since November 2012, at its final meeting of 2022. The widely anticipated …

  Bloomberg Argentina’s Ualá, the fintech company backed by George Soros, Steve Cohen and Tencent Holdings, will begin offering loans for its clients in Mexico through its alliance with Mexican bank ABC Capital. The service will be offered through ABC and allow for loans of up to 20,000 mexican pesos ($1,011) between 12 and 36 months, according to Ualá chief …

Bloomberg Tycoon German Larrea’s conglomerate Grupo Mexico SAB is in advanced talks on a potential acquisition of Citigroup Inc’s Mexican retail bank Banamex, people with knowledge of the matter said. The mining magnate is trying to finalise terms of a potential deal with Citigroup, the people said, asking not to be identified because the information is private. No final agreements …

Bloomberg The US dollar has erased more than half of this year’s gains amid growing expectations the Federal Reserve will temper its aggressive rate hikes, and as optimism grows over China’s reopening plans. The Bloomberg Dollar Spot Index has pared its 2022 advance to about 7%, after gaining as much as 16% earlier, as slower-than-expected gains in consumer prices and …