Bloomberg Germany’s fears that soaring power and gas prices could trigger a deeper crisis is starting to get real. Several hundred local utilities are coming under strain and need support, according to the head of Germany’s largest energy lobby group. The companies, generally owned by municipalities, supply households and small businesses directly and are a key part of the …

  Bloomberg United Airlines Holdings Inc threatened to suspend service at New York’s John F. Kennedy International Airport unless federal regulators review runway use and allow the carrier to increase daily operations. The airport’s total flight capacity hasn’t changed since 2008, despite a widening of runways and other infrastructure improvements, United told employees in a memo about its plan. The …

Bloomberg News from several travel-related companies shows consumer spending is healthy. Demand is high, and the industry is rebounding as pandemic era troubles subside. United Airlines boosted its sales and margin outlooks, citing strong demand in the wake of a “robust” summer. Travel and tourism firm Sabre said air bookings and passengers boarded in late August reached the highest levels …

  Bloomberg Employees at Boeing Co and other manufacturers will be given new protections against company interference as federal regulators continue to tighten oversight of aircraft development following a pair of crashes of 737 Max jets. The latest rules apply to engineers who are deputised by the US Federal Aviation Administration (FAA) to review the safety of aircraft designs. Any …

  Bloomberg Associated British Foods Plc (AB Foods) warned profit will decline in the next fiscal year as rising energy costs and the strengthening of the dollar weigh on the Primark value fashion chain. The UK conglomerate said Primark, which generates most of the group’s profit, is experiencing unprecedented volatility and its operating margin will fall next year, despite recent …

  Bloomberg Rakesh Gangwal, the billionaire co-founder of India’s largest airline by market value, has offered to sell part of his family’s stake in IndiGo for around $250 million, possibly putting to rest a three-year old dispute between the owners. The Gangwal family is offering as many as 10.8 million shares in InterGlobe Aviation Ltd. at a floor price of …

  Bloomberg Thai e-commerce startup Pomelo Fashion is cutting staff across its functions, joining other tech firms downsizing this year in a bid to withstand an economic slowdown. The online fashion retailer cut about 55 employees, or 8% of its headcount, it said. The company said it has streamlined its processes “to move towards more sustainable growth.” The Bangkok-based startup …

  Bloomberg The Bank of Japan (BOJ) said it would boost scheduled bond purchases as the intensifying Treasuries selloff puts upward pressure on global yields and weakens the yen. The BOJ said it would buy 550 billion yen ($3.8 billion) of five-10 year bonds at its regular operations, up from 500 billion yen scheduled. The move comes as Japan’s benchmark …

  Bloomberg Britain’s lenders will have to write off £31 billion to £41 billion ($35.6 billion to $47.1 billion) of loans over the next three years as the country is hit by a recession, analysts at Credit Suisse Group AG predicted. The estimates are based on an economic contraction of between 1.5% and 4%, Omar Keenan and Alexander Demetriou said …

  Bloomberg The Bank of Canada laid out key markers it will be watching as it considers how high borrowing costs will need to rise, flagging inflation expectations and underlying momentum of price pressures. In a speech in Calgary, Senior Deputy Governor Carolyn Rogers said policy makers will be closely monitoring how consumption, global supply disruptions and inflation measures evolve …