Bloomberg Uniqlo owner Fast Retailing Co expects full-year profit will hit a record as a weaker yen and strong sales globally outweighed a China slump due to Covid Zero lockdowns. The Asian retailer raised its full-year operating forecast to 290 billion yen ($2.1 billion) from an earlier estimate of 270 billion, according to a statement. That topped analyst projections and, …

  Bloomberg Deutsche Lufthansa AG plans to cut an additional 2,000 flights until the end of August, bringing the airline’s total number of cancellations to almost 6,000 as Europe’s travel disruptions continue to worsen. Most of the flights affected are domestic routes scheduled to take off from Munich or Frankfurt, a representative for the German carrier said. Long-haul flights and …

Bloomberg United Airlines Holdings Inc’s pilots union says the carrier agreed to re-engage in talks to improve terms of the tentative contract agreement the two sides reached last month. Union sought new talks based on feedback from United pilots who were unhappy with the agreement, Mike Hamilton, head of United’s Air Line Pilots Association unit, told members in video on …

  Bloomberg US equity futures fall along with stocks in Europe and the dollar resumed its upward march on Thursday after high US inflation hardened expectations for more aggressive Federal Reserve monetary tightening that could trigger a recession. The Stoxx Europe 600 index declined more than 1%, dragged down by the telecom sector, where Ericsson AB plunged more than 10% …

Bloomberg Surprise policy tightening moves announced by central banks in Singapore and the Philippines signal Asia is now fully awake to the threat of accelerating inflation, and is playing catch up with its global peers. Analysts in the region recommend a number of strategies that investors can take in response to the increasingly hawkish environment, including favouring the Singapore dollar, …

Bloomberg London Heathrow is imposing a two-month cap on daily passenger traffic to contain flight chaos, a dramatic response by the UK’s busiest airport to address the struggle with surging demand for travel. The airport will limit daily passenger traffic to 100,000 departing people through September 11, asking carriers to refrain from selling summer tickets. Current forecasts are modeling for …

Bloomberg Air France-KLM’s French low-cost carrier, Transavia, cancelled 15% of flights amid a dispute with cabin crew, exacerbating the chaos engulfing European air travel. Dozens of the company’s flights from Paris-Orly airport were not operating, according to the SNPNC union, which had called for strike action over wages. The labour group refused to sign a deal agreed to with other …

  Bloomberg South Africa’s minister in charge of embattled state-owned companies gave an impassioned defense of the sale of a majority stake in the national carrier for about $3 — a deal that’s subject to a lawsuit from one of the spurned bidders. The privatisation of South African Airways (SAA) is a vital reform for the country’s battered economy, Public …

  Bloomberg Amazon.com Inc’s Prime Day sale is luring bargain hunters looking to stock up on pantry items and cheap electronics despite a dearth of deals. Typical household spending was $88.28 as of noon New York time, up 20% from the early hours of the previous sale last June, according to Numerator, which is tracking Prime Day spending from 973 …

  Bloomberg Wm Morrison Supermarkets’ planned takeover of struggling UK convenience store-chain McColl’s Retail Group Plc will get a formal antitrust probe from Britain’s competition watchdog. The Competition and Markets Authority (CMA) said it had officially kicked off a merger inquiry into the deal to see whether it would result in a lessening of competition in the UK groceries market, …