Bloomberg The Indian rupee touched another record low as foreign investors continued to sell the nation’s equities. The rupee declined to as low as 80.06 per dollar on Tuesday before reversing losses as traders cited possible central bank intervention. The currency has been buffeted by nearly $30 billion of foreign outflows from the nation’s equities so far this year …

Bloomberg Germany produced a record amount of electricity from solar and is set to exceed that again on Tuesday as a heat wave grips Europe. About 38,174 megawatts were generated from solar panels and high levels are expected through Wednesday. A fresh record is possible on Tuesday, with a maximum 38,287 megawatts forecast. A brutal heat wave is moving into …

  Bloomberg European energy and utilities companies are racking up more debt to cover cost of soaring oil and gas prices. Their overall debt, which has been climbing since the pandemic, has swelled this year to more than 1.7 trillion euros ($1.7 trillion) — more than a 50% jump from before 2020. Most recently, Germany’s Uniper looks set to need …

  Bloomberg Delta Air Lines Inc is poised to kick off the Farnborough International Airshow with orders for Boeing Co and Airbus SE jets as sales teams for the rival planemakers race to wrap up deals worth at least $21 billion ahead of the industry’s largest trade expo. The event outside of London marks the first large-scale gathering of industry …

Bloomberg Qantas Airways Ltd, which has faced severe criticism from passengers over disruptions, is anticipating further challenges in the coming weeks as it navigates staff sickness and a tight labour market. Passengers angered by delays and cancellations have lashed out at the airline and Chief Executive Officer Alan Joyce, particularly over a decision to shed thousands of jobs. The carrier …

  Bloomberg SpiceJet Ltd staged one of global aviation’s most remarkable turnarounds in 2015 after founder Ajay Singh swept in at the eleventh hour to rescue it. Less than a decade later, the Indian budget airline needs a revival of fortunes again. Once an investor darling, SpiceJet is now the worst-performing airline stock in Asia, fighting a run of negative …

  Bloomberg Snarls along the aviation supply chain may make it a challenge for Embraer SA to meet its year-end commercial delivery targets, the Brazilian aerospace manufacturer said. “We are suffering with these supply chain constraints. We had a difficult first half,” Chief Executive Officer Francisco Gomes Neto said in an interview with Bloomberg. “We’re doing everything we can to …

  Bloomberg Esprit Holdings Ltd, the once high-flying Hong Kong fashion retailer before it tumbled into years of losses, is planning a comeback in Asia, pivoting away from a fast-fashion strategy where it failed to compete with brands such as Zara and H&M. The company is now focusing on better-quality clothing that’s more expensive than fast-fashion apparel but more sustainable, …

  Bloomberg Swedish retailer Hennes & Mauritz AB will start winding down its operations in Russia, having halted all sales in the country in March after Russia’s attack on Ukraine. The Stockholm-based company expects to book costs of 2 billion kronor ($190 million) from the process, of which about 1 billion kronor will have a cash-flow impact, it said in …

  Bloomberg China’s central bank injected additional liquidity into the financial system for the first time since June as a growing mortgage-payment boycott and a virus flareup leads to a sense of crisis. The People’s Bank of China (PBOC) boosted the size of its daily short-term cash operation to 12 billion yuan ($1.8 billion) from 3 billion yuan, resulting in …