July, 2022

• 4 July

  Airbus wins $37bn China jet deals in blow to Boeing

  

  Bloomberg Airbus SE won one of its biggest-ever orders for 292 airliners worth more than $37 billion from four Chinese airlines, a coup for the European manufacturer as it tussles with Boeing Co. for dominance in Asia’s largest economy. China Eastern Airlines Corp. will buy 100 A320neo narrow-body jets, while Air China Ltd. will take 64 units, with its Shenzhen ...

  Read More »
• 4 July

  Air fares will rise for next five years, says Ryanair’s O’Leary

  

  Bloomberg Air fares are “too cheap” and will need to rise for the next five years for airlines to remain competitive, Ryanair Chief Executive Officer Michael O’Leary told the Financial Times in an interview. Ryanair under O’Leary pioneered the era of budget travel, offering cheap tickets that made air travel accessible to millions, while putting pressure on the profit margins ...

  Read More »
• 4 July

  American Airlines says trips restored after technical glitch

  

  Bloomberg American Airlines Group Inc. said it doesn’t expect any operation impact from a temporary glitch that had allowed pilots to drop thousands of flight hours. A “technical glitch” in AA’s pilot scheduling system led to more than 37,000 of flying hours in July to be dropped into open time, according to a statement by Allied Pilots Association President Ed ...

  Read More »
• 4 July

  There’s no escaping soaring food prices for UK shoppers

  

  Bloomberg UK shoppers seeking to avoid higher bills at the checkout are running out of options after prices on more than half of supermarket items rise in the past year. Some 22,000 products offered by Britain’s four biggest grocers became costlier since last June, data from retail research firm Assosia shows. That includes a 35% surge in Heinz Tomato Ketchup ...

  Read More »
• 4 July

  UK speeds up checks for new airport staff

    Bloomberg The British government is speeding up national security checks for new airport workers to address post-pandemic staffing shortages that have contributed to chaos for travelers in the UK and across Europe. The UK has accelerated the vetting process that all new aviation recruits must undergo, with accreditation checks being completed in around five days on average and counter-terrorist ...

  Read More »
• 4 July

  Russia says it’s captured last major city in Luhansk

  

  Bloomberg Russia’s defense chief told President Vladimir Putin that Moscow’s troops have captured Lysychansk, the last major Ukrainian-held city in Luhansk, state media reported. The move would give Russia a stronger grasp on its goal of controlling Ukraine’s entire Donbas, an important industrial region. A Ukrainian defense official said Lysychansk is not under the “full control” of Russia. The capture ...

  Read More »
• 4 July

  UK Tories set to lose battleground races to Lib Dems, poll shows

    Bloomberg British Prime Minister Boris Johnson’s Conservative Party is projected to lose at least 24 battleground seats to Liberal Democrats, a new poll shows, underscoring the swing seen in last month’s special election. Among 64 Tory constituencies where the Lib Dems won more than 20% of the votes in the 2019 general election, the ruling party is expected to ...

  Read More »
• 4 July

  Sydney orders evacuations as torrential rain causes flooding

    Bloomberg Authorities in Sydney asked thousands of people to evacuate their homes as torrential rain lashes Australia’s largest city, causing widespread flooding. A severe weather warning for heavy rainfall and damaging winds was in place Sunday across Sydney and surrounding areas, with the Bureau of Meteorology saying the downpour is expected to continue and may lead to flash flooding. ...

  Read More »
• 4 July

  Germany, Ireland decry UK for tearing up Brexit deal

  

  Bloomberg Germany’s government made a rare public statement admonishing the British government for plans to break the Brexit deal agreed with the European Union two years ago. German Foreign Minister Annalena Baerbock and Irish Foreign Minister Simon Coveney wrote a letter in the Observer defending the Northern Ireland protocol, arguing that it upholds the Good Friday peace agreement and maintains ...

  Read More »
• 4 July

  Ardern repeats warning of China’s Pacific ambitions

  

  Bloomberg New Zealand Prime Minister Jacinda Ardern has again raised concerns about China’s ambitions in the Pacific, repeating her comment that Beijing “has become increasingly assertive in our region.” “In recent times, there has been growing interest in the Pacific,” Ardern said in a speech at Chatham House in London on Friday. “The foreign policy position of some of the ...

  Read More »