Bloomberg It’s not easy to wipe the trademark grin off Branson’s face, but one way is to ask the British billionaire about the challenges facing his home country. Speaking in Texas about Virgin Atlantic Airways’ bid to tap Austin’s tech boom with its first flights to the state, Branson’s ebullience fades when the conversation switches to the economic squeeze and ...

Bloomberg Ryanair Holdings Plc’s Spanish cabin crew unions have announced a strike in late June and early July after pay talks fell apart. Workers are set to strike on June 24, 25, 26 and 30, as well as on July 1 and 2, officials for the main Spanish crew unions USO and SITCPLA said in a press conference in Madrid. ...

  Bloomberg Overstock.com Inc is poised to take advantage of the inventory glut plaguing retailers like Target Corp and Walmart Inc. The e-commerce company specialises in helping chains liquidate slow-moving merchandise, and now it will have more opportunities than usual. US retailers racked up excess goods to ensure shelves stayed full during the pandemic. But now shoppers have shifted spending ...

  Bloomberg Singapore’s Changi Airport will reopen two of its terminals that were shuttered due to Covid-19 as travel springs back faster than expected. Terminal 4 will reopen in September and departure operations in the southern wing of Terminal 2 will restart from October, Changi Airport Group (Singapore) Pte said in a statement. The added capacity will allow the airport ...

  Bloomberg Cosmetics giant Revlon Inc is preparing to file for Chapter 11 bankruptcy as soon as next week as it battles supply chain problems and a heavy debt load, according to people with knowledge of the matter. Talks around the potential filing aren’t final and could change, said the people, who asked not to be named discussing private negotiations. ...

Bloomberg Russia continued its assault on Sievierodonetsk, pushing Ukrainian troops out of the center of Kyiv’s last major foothold in the Luhansk region. President Volodymyr Zelenskiy called the fighting “very fierce” and his top military commander pleaded for the US to send more artillery. Moscow’s use of cluster munitions and indiscriminate shelling in Kharkiv, Ukraine’s second-largest city, constitutes a war ...

  Bloomberg The US sought to bolster its support in Asia by reassuring nations they don’t need to join a coalition against China, drawing a stark contrast with Beijing’s threats to defend its interests with military force. Defense Secretary Lloyd Austin told Asia’s biggest security forum that the US was taking “wise counsel” from smaller countries, saying they should be ...

  Bloomberg China’s assertions that the Taiwan Strait doesn’t qualify as international waters raises tensions over the nautical flash point, through which US warships transit in a symbolic challenge to Beijing’s territorial claims over the democratically governed island. While it’s unclear what Beijing means by “international waters,” the language may be intended to deter the US from sailing through the ...

Bloomberg Brazil President Jair Bolsonaro denied having requested his US counterpart Joe Biden for help in his re-election bid during a private meeting they had on the sidelines of a regional summit last week. “There’s no such a thing,” Bolsonaro told a local radio on Monday when asked whether he had asked for Biden’s help. “It’s speculation; we talked about ...

  Bloomberg Boris Johnson risks reopening divisions that tore his Conservative Party apart in 2019, with his government set to propose a law that would let UK ministers override parts of the Brexit deal he signed with the European Union. Northern Ireland Secretary Brandon Lewis confirmed the legislation will be presented to Parliament. That was meant to happen, but last-minute ...