Bloomberg Deutsche Lufthansa AG pilots said they have begun preparations to go on strike after failing to reach a wage accord with the airline, potentially creating more chaos after recent labour action already disrupted operations at the height of summer travel season. “At this point we remain far apart,” Matthias Baier, the spokesman for the Vereinigung Cockpit pilot labour union, …

  Bloomberg Vegans with a hankering for chocolate-covered wafers can at last get their hands on a KitKat. Nestle SA, the Swiss food giant, is launching KitKat V, a plant-based version of one of the world’s most popular chocolate bars, with a rollout planned across 15 European countries including the UK. Unlike the classic KitKat, the vegan version uses a …

  Bloomberg The US Department of Transportation is suspending 26 flights by Chinese airlines next month in a dispute over Beijing’s strict policies when travelers test positive for Covid-19. The retaliatory move follows the Chinese government’s decision to limit inbound flights by US carriers including United Airlines Holdings Inc. and Delta Air Lines Inc. China’s actions are “adverse to the …

  Bloomberg Gap Inc.’s shares rose in late trading as investors took solace in higher-than-expected earnings and improving sales trends even as the chain withdrew its full-year projections. The apparel retailer said macroeconomic uncertainty and its ongoing search for a new executive officer sparked the decision to pull the guidance. Still, the company saw “an improvement in sales trends in …

  Bloomberg Apple Inc announced plans to hold a launch event on September 7, when the tech giant is expected to unveil the iPhone 14 lineup and its next slate of smartwatches, confirming a date that was reported by Bloomberg News. The company sent out invitations for a presentation titled “Far Out,” describing it as an in-person event at the …

  Bloomberg Nurses in some parts of England will trial smart goggles on visits to patients’ home as the struggling UK National Health Service turns to digital gadgets to try and improve services. As long as individual patients consent, the virtual reality headsets will help nurses transcribe medical records, automate administrative work, and share live footage for consults with hospital …

  Dubai / Gulf Time SonicWall announced the introduction of the new Wi-Fi 6 wireless security product line, which provides always-on, always-secure connectivity for complex, multi-device environments. Powered by Wi-Fi 6 technology, the new SonicWave 600 series wireless access points, coupled with Wireless Network Manager (WNM) 4.0, enable organisations to automatically secure wireless traffic while boosting performance and simplifying connectivity. …

  Bloomberg Ford Motor Co said it is cutting 3,000 jobs in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles. The cuts will come primarily in the US, while some positions also are being eliminated in Canada and India, a company spokesman said. The total includes 2,000 salaried …

  Bloomberg Oil struggled to find direction as traders digested comments made by Federal Reserve Chair Jerome Powell suggesting interest rates will rise, which carries the potential of slowing demand for crude. West Texas Intermediate fluctuated near $92 a barrel. The Federal Reserve Chair signaled the US central bank is likely to keep raising interest rates and leave them elevated …

Bloomberg European governments have allocated about 280 billion euros ($278 billion) in funding to cushion the impact of the energy crisis on households and businesses. The funding, calculated by Brussels-based Bruegel think tank, measures fresh allocations since September, and covers everything from subsidising tariffs for small businesses in Greece to direct payouts to consumers in Belgium. Some of the money …