It’s a sobering thought that, even after all the central bank wailing and gnashing about inflation, the European Central Bank (ECB) has yet to increase the official deposit rate from the negative 50 basis points it’s been stuck at for almost three years. When policy makers meet later this month, they should follow the example of peers elsewhere by implementing ...

Heinz canning baked beans in Tesco is only the start of the supermarket food fights. But this is one battle that Britain’s biggest retailer can win. US grocery giant Kraft Heinz Food Co has temporarily stopped supplying Tesco Plc with most of its products, including ketchup and baked beans, after the grocer said it would not pass on “unjustifiable price ...

  Since early 2020, the US has been under an official public-health emergency. In July, after 30 months, it is scheduled to end. One unanticipated consequence is that millions of Americans could lose their health insurance. The root of the problem is the extraordinary spending spree Congress embarked on to address the pandemic. As Covid-19 spread and businesses shut, a ...

  India’s attempt to reform military recruitment — which has set off political convulsions that show no signs of abating — once again shows that its aspirations to superpower status are no match for a below-par economy. India’s military — particularly its army — is antiquated in organisation and manpower-heavy. After some ill-advised, populist and expensive tinkering with pensions early ...

Bloomberg The chaos that has plagued European travel for weeks is coalescing in France as staff at Paris Charles de Gaulle airport strike for the second day in a row on Friday and a country-wide rail walkout looms. France’s aviation authority ordered the scrapping of 17% of flights between 7 am and 2 pm after pay talks between unions and ...

Bloomberg Japan Airlines Co is considering replacing its older Boeing Co 737 short-haul fleet with more modern and fuel efficient models, according to people familiar with the matter. The airline, which operates 45 of the 737 jets with an average age of about 12.5 years, is currently deciding between the 737 Max range and Airbus SE’s rival A320neo family, the ...

  Bloomberg Air Canada shares dropped after the company said that it will make “meaningful” reductions to its summer flight schedule in order to quickly bring passenger volumes down to a manageable level. Canada’s largest air carrier fell 6%, recovering slightly from an 8.8% tumble in intraday trading — its biggest drop since early March — as investors balked at ...

  Bloomberg Gucci’s former London headquarters is being offered for sale for £55 million ($66.6 million) after being transformed into the most expensive house currently on the market in the capital’s Mayfair district. The house, also available to lease for £40,000 a week, includes eight bedrooms, a garden terrace, a swimming pool, conservatory and sun room. Demand for London’s best ...

  Bloomberg Delta Air Lines’s chief executive officer apologised to customers for an “unacceptable” level of cancelled and delayed flights, an unusual step that reflects mounting frustration among waylaid summer travelers. Delta is adding extra boarding time for flights, building in more of a buffer in crew schedules to mitigate disruptions and using white collar salaried workers to help speed ...

  Bloomberg Walgreens Boots Alliance Inc maintained its guidance for 2022 earnings even as the drugstore chain beat Wall Street’s estimates for fiscal third-quarter profit and revenue, another hiccup after it abandoned the planned sale of its UK pharmacy unit. Adjusted earnings were 96 cents a share, Walgreens said in a statement, compared with the average estimate of 94 cents, ...