Bloomberg Europe’s biggest airlines are growing increasingly confident that the easing of coronavirus restrictions will kick off a summer boom as a surge in bookings spurs them to lift capacity. Deutsche Lufthansa AG and Air France-KLM are less certain about prospects going deeper into the year, with the German company saying that fuel prices are tough to predict and that …

  Bloomberg Qantas Airways Ltd is making every seat on more than 1,700 flights purchasable with air miles, allowing customers to burn through a mountain of loyalty points built up during the pandemic. Passengers will be able to use points on all flights in August on more than 30 routes in Australia, Qantas said. The almost 130,000 seats will be …

  Bloomberg Flight cancellations at Dutch airline KLM have surpassed 225 in the past few weeks as its Amsterdam Schiphol hub is hit by labour shortages and industrial strife. The Air France-KLM unit was supposed to be in discussions with the airport about service levels, a spokesman said. That follows 75 cancellations last weekend amid a lack of airport personnel …

  Bloomberg European stocks rose as Covid cases in China eased, while investor attention turned to US inflation data for clues on the path of monetary policy. The Stoxx Europe 600 Index was up 1.3% by 12:28 pm in London, extending a rebound from a four-week long slump that was sparked by concerns over tightening central bank policies, surging commodity …

  Bloomberg The rout in stocks isn’t over just yet, according to Morgan Stanley strategists, who see scope for both US and European equities to correct further amid mounting concerns of slowing growth. Strategist Michael Wilson, who has long been a skeptic of the decade-long bull run in US stocks, said in a note that even after five weeks of …

  Bloomberg The UK will extend its price cap for energy bills beyond 2023 as it seeks to help 22 million households cope with rising costs. The measure, announced during the annual Queen’s Speech to Parliament, is in the government’s Energy Security Bill. It aims to provide the legal framework needed to achieve ambitious net-zero emissions goals while keeping energy …

  Bloomberg Electricite de France (EDF) SA warned that unusually warm river temperatures are likely to force it to reduce nuclear output at time when about half the country’s reactors are already offline. With air temperatures in Paris forecast to climb above 25 degrees celsius (77 Fahrenheit) this weekend, some of the rivers used to cool EDF’s nuclear power plants …

Bloomberg China’s central bank repeated a pledge to proactively address mounting economic pressure and also highlighted a drop in deposit rates, a decline that could spur banks to lower the cost of borrowing for the first time in months. The People’s Bank of China (PBOC) reaffirmed it will focus on supporting small businesses, sectors and groups hit by Covid-19 outbreaks, …

  Bloomberg The dollar’s relentless advance to a two-year high is roiling Asian currencies and pushing policymakers into action to curb losses. From direct dollar selling to verbal intervention, authorities are deploying every tool from their armouries to ward off currency threats. India and Taiwan have intervened in the market, while Japan has tried to talk up the yen. China …

  Bloomberg Goldman Sachs Group Inc. appointed E.G. Morse to co-lead the China business and will relocate him to Shanghai as the US bank continues to ramp up in the world’s second-largest economy. Morse, currently head of Singapore, will become co-head of Goldman Sachs China alongside Wei Cai and Sean Fan, who are based in Hong Kong and Beijing, respectively, …