Bloomberg The series of flight cancellations from American Airlines over the weekend will continue to plague travellers. Almost 100 flights from the airline have already been cancelled for June 21, according to a representative from American Airlines Group Inc. That’s following 123 flights cancelled on June 19 and at least 178. “The first few weeks of June have brought unprecedented ...

Bloomberg The recovery in Europe’s air traffic hit a new milestone as people take to the skies again for summer vacations. Aside from a brief pickup around Christmas, the continent’s air traffic is at its highest compared with pre-Covid levels since March last year, when continent’s lockdowns really began to affect demand. It rose just above 50% of 2019 levels ...

Bloomberg President Joe Biden’s point man for North Korea said the US was ready for talks “anywhere, anytime” with Pyongyang, providing a strong signal Washington is prepared to revive a stagnant disarmament dialogue. Sung Kim, the US special representative for North Korea, said after discussions on Monday in Seoul with South Korean counterpart Noh Kyu-duk and Japan’s Takehiro Funakoshi that ...

Bloomberg China will risk international isolation if it fails to allow a “real” investigation on its territory into the origins of the virus that caused the Covid-19 pandemic, US National Security Adviser Jake Sullivan said. Sullivan’s comments follow last week’s call by Group of Seven leaders including US President Joe Biden for another probe into how the virus originated. Biden ...

Bloomberg Sweden’s Prime Minister Stefan Lofven lost a confidence vote in parliament, toppling his minority coalition and plunging the largest Nordic economy into political chaos. Lofven says he’ll now talk to his allies in parliament to figure out whether he can still patch together a viable coalition. Failing that, he may call a snap election, he said after losing Monday’s ...

Bloomberg President Emmanuel Macron and far-right leader Marine Le Pen both fared worse than expected in the first round of the French regional election, in a disappointing twist for the two main contenders in the 2022 presidential race. Record-low turnout is a major talking point in France, with Frederic Dabi, deputy-head of Ifop, telling Le Figaro newspaper that abstention may ...

Bloomberg Spanish Prime Minister Pedro Sanchez said he plans pardons for nine Catalan separatists who were jailed for their role in the illegal independence referendum of 2017. Speaking to an audience of civic leaders in the Catalan capital, Barcelona, Sanchez, 49, said he’ll recommend that his cabinet approves pardons when it meets on Tuesday. Sanchez is currently governing in a ...

Bloomberg The European Central Bank (ECB) said it will grant lenders about 70 billion euros ($83 billion) of capital relief by extending a measure designed to help them keep supplying credit to the pandemic-struck economy. The ECB will allow lenders to continue to exclude deposits held at central banks when calculating their leverage ratio for nine months until the end ...

Bloomberg HSBC Holdings is targeting to become the number one wealth manager in Asia in “roughly five years” as Europe’s largest bank shifts capital to tap clients in the increasingly affluent region, according to HSBC Pinnacle Venture Chief Executive Officer Trista Sun. “Household wealth in China has grown so rapidly, become the second largest globally,” Sun said in a Bloomberg ...

Bloomberg Citigroup Inc shares fell the most in five months after the bank warned expenses would increase sharply as it invests to satisfy a pair of consent orders from regulators. Expenses in second quarter will likely jump to “somewhere in the middle” of a range of $11.2 billion to $11.6 billion, Chief Financial Officer Mark Mason told investors at a ...