BLOOMBERG Delta Air Lines Inc modestly boosted its 2023 earnings expectations as it capitalises on a recovery in travel demand even as free cash flow remains below pre-pandemic levels. Adjusted profit for the year will be at the high end of its prior guidance of $5 to $6 a share, Delta said in a regulatory filing ahead of an investor ...

BLOOMBERG Deutsche Lufthansa AG entered decisive talks with its pilots union as the German airline races to reach an agreement to avert the threat of a strike during the crucial summer travel season. Negotiating teams at Lufthansa and the VC pilots union met with the aim at ending a dispute over pay and working conditions. Lufthansa made an offer earlier ...

BLOOMBERG Stocks kicked off the new quarter on a bullish note, with electric-car makers Tesla Inc and BYD Co climbing on record quarterly sales. Tesla gained 6.3% in premarket trading, while BYD climbed in Hong Kong trading, leading shares of battery suppliers also higher. Contracts on the Nasdaq 100 climbed, after the tech index notched its best-ever first half of ...

BLOOMBERG In Harare, Zimbabwe, home to the world’s biggest stock market rally, the gains come at break-neck speed: 5%, 10%, even 20% in a single session. Tally them up, and the market is up an astonishing 800% on the year. But in a country where up is often down and the next currency crisis is always just around the corner, ...

BLOOMBERG Joby Aviation Inc jumped 40% after a crucial green light from US regulators in its quest to build electrically powered air taxis. The company, based in Santa Cruz, California, said in a statement that the go-ahead from the Federal Aviation Administration (FAA) will let it test flying taxis coming off its production line; it previously could only demo a ...

BLOOMBERG Virgin Galactic Holdings Inc sent paying customers to the edge of space for the first time, a milestone for the Richard Branson-founded company almost two decades in the making. The VSS Unity craft reached space at about 9:30 am local time in New Mexico on June 30, Virgin Galactic revealed in a livestream of the event on its website. ...

DUBAI / GULF TIME Maison Luxe, the iconic luxury multi-brand retailer of watches and jewelry located in Dubai Mall, hosted an exclusive event on June 21st for the grand launch of four captivating watches from the Riviera collection by Baume & Mercier. The occasion showcased the exceptional craftsmanship and enduring elegance the Baume & Mercier is renowned for. With a ...

BLOOMBERG US President Joe Biden will leave for Europe in a week to firm up ties with key Nato allies, including the UK, in the wake of the last month’s abortive uprising in Russia. Biden plans to hold talks with UK Prime Minister Rishi Sunak before heading to Vilnius, Lithuania, for the 74th Nato summit, and ending in Finland with ...

BLOOMBERG Bosnia-Herzegovina’s international overseer revoked two laws adopted by ethnic Serbs as unconstitutional, the latest standoff threatening stability in the country’s fragile postwar balance. Christian Schmidt, the Western-backed envoy with powers to change legislation that harms Bosnia’s complex power-sharing set up after ethnic warfare in the 1990s, struck down laws adopted by lawmakers in the Republika Srpska entity that denied ...

BLOOMBERG The invasion of Ukraine has had a “corrosive effect” on Russian society and President Vladimir Putin’s regime, creating an “opportunity” for the US, said William Burns, director of the Central Intelligence Agency (CIA). The top US spy made rare public comments, delivering a lecture at the Ditchley Foundation in Chipping Norton, northwest of London. “Disaffection with the war will ...