Bloomberg Europe’s weaker airlines face a heightened risk of collapse this winter as nations that rescued carriers during the Covid-19 crisis focus support elsewhere amid rising inflation, according to analysts at Sanford C. Bernstein. While the pandemic brought few airline failures in the region amid a deluge of aid payments, carriers now face a squeeze from higher fuel and ...

Bloomberg Amazon.com Inc., which is struggling to quell workplace movements from the US to Europe, faces a growing union effort in Asia’s second largest economy. A group of 15 subcontracted drivers in the southwestern city of Nagasaki is protesting the long hours and excessive number of deliveries in the absence of overtime pay. They blamed Amazon’s vaunted artificial intelligence algorithms ...

  Bloomberg Johannesburg’s OR Tambo International Airport was forced to close one of its runways after dry grass caught fire and “spilled over from the adjacent community within the airport precinct,” it said via Twitter. Fire and rescue teams are onsite to extinguish the blaze, according to OR Tambo, which is the busiest airport in Africa. The runway that has ...

  Bloomberg Bed Bath & Beyond Inc. declined after Chief Financial Officer (CFO) Gustavo Arnal falls to his death from a Manhattan skyscraper. The shares of the struggling home-goods retailer slumped by as much as 25% in pre-market activity on Tuesday, the first day of trading after the US Labour Day weekend. The Union, New Jersey-based company confirmed on Sunday that ...

Bloomberg International monitors demanded the immediate establishment of a security zone around a Russian-occupied nuclear plant in southern Ukraine in order to reduce the potential for an atomic accident. The International Atomic Energy Agency called for a halt to shelling and the need for “the urgent establishment” of a nuclear safety and security zone around the Zaporizhzhia Nuclear Power Plant, ...

  Bloomberg The European Union proposed to make it more expensive and harder for Russian tourists to travel to the bloc, in a move that will likely increase tensions between Moscow and Brussels. “Russian citizens should not have easy access to the EU,” Commissioner Ylva Johansson, in charge of home affairs, told reporters Tuesday. “At the moment, there is no ...

  Bloomberg The Solomon Islands accused Australia of trying to “influence” its lawmakers ahead of a vote on a constitutional amendment to delay elections until 2024, after Canberra offered to fund the Pacific nation’s next national ballot. Prime Minister Manasseh Sogavare’s office said Australia’s offer was “inappropriate” and it would not respond until the constitutional amendment had been voted on. ...

  Bloomberg Xi Jinping will visit Kazakhstan next week for a state visit, Interfax reported, in what would be the Chinese president’s first trip overseas in more than two and a half years. Xi accepted the Kazakh president’s invitation to visit the Central Asian nation on Sept. 14, the Russian news agency reported, citing Kazakh Foreign Ministry spokesman Aibek Smadiyarov. ...

Bloomberg Typhoon Hinnamnor left at least two people dead and created flooding and power outages as it passed through South Korea, though the destruction appeared to be less than had been forecast. Hinnamnor hit near the southern city of Geoje at 4:50 a.m. local time on Tuesday and moved off the coast near Ulsan just a few hours later, the ...

  Bloomberg Australia’s central bank raised interest rates by a half-percentage point for a fourth consecutive meeting and signalled further hikes ahead in its drive to rein in inflation. The Reserve Bank of Australia (RBA) took the cash rate to 2.35%, the highest level since 2015, in a widely expected announcement on Tuesday. The tightening is Australia’s quickest in a ...