July, 2022

• 8 July

  Nato is sending right message to Putin now

    At their summit in Madrid, Nato’s leaders agreed to add two new members, Finland and Sweden, and to beef up the alliance’s presence in Eastern Europe. Taken together, the moves will greatly enhance Nato’s firepower and strengthen its ability to deter Russian aggression. They also could create new risks, which all member states will need to be attentive to. ...

  Read More »
• 8 July

  British Airways close to union deal as Lufthansa feels strain

  

  Bloomberg British Airways is nearing a possible agreement on pay with check-in staff that could head off a strike and prevent further disruption after the carrier scrapped thousands of flights amid a staffing crunch. Talks with the Unite union have progressed and a deal is close, according to a person familiar with the matter who asked not to be named ...

  Read More »
• 8 July

  Germany’s richest man becomes biggest Lufthansa shareholder

  

  Bloomberg Germany’s richest man is now the largest shareholder in Deutsche Lufthansa AG after reinvesting a chunk of a fortune he made in logistics into Europe’s biggest airline. Klaus-Michael Kuehne raised his stake in Lufthansa to 15.01% from 10.01%, according to a filing, overtaking the German government as the carrier’s biggest shareholder. The state has been selling down its interest ...

  Read More »
• 8 July

  Sainsbury’s sales decline over shoppers’ cost of living battle

  

    Bloomberg J Sainsbury Plc held its profit forecast for the full year even as it warned that rising inflation means pressure on household budgets will intensify. Britain’s second-largest supermarket chain stuck to its forecast for the full year of underlying profit before tax of £630 million ($764 million) to £690 million. The grocer’s comparable sales, excluding fuel, fell 4% ...

  Read More »
• 8 July

  Hong Kong ends Covid flight bans that caused travel chaos

  

    Bloomberg Hong Kong’s new leader John Lee suspended a system that banned airlines from flying routes if they carried passengers infected with Covid, raising hopes he’ll ease onerous travel curbs that have damaged the city’s status as a financial hub. Starting from Thursday, the so-called circuit breaker mechanism will end until further notice, the government said in a statement. ...

  Read More »
• 8 July

  United blames FAA control system for snarl

    Bloomberg United Airlines Holdings Inc blamed the US Federal Aviation Administration and the nation’s air traffic control system for exacerbating the issues plaguing the industry, saying the agency has been overwhelmed by the volume of flights. The FAA rejected that criticism in a sharply worded rejoinder. The carrier estimated that more than 50% of its delay minutes and 75% ...

  Read More »
• 8 July

  Johnson quits after months of scandals hammer UK Tories

  

  Bloomberg Boris Johnson has resigned as UK prime minister, bringing the curtain down on a tempestuous three years in office marred by a succession of scandals that culminated in the rebellion of his own cabinet and parliamentary group. Johnson, 58, bowed to the inevitable after the mass resignation of members of his government, including Chancellor of the Exchequer Rishi Sunak, ...

  Read More »
• 8 July

  Biden turns to direct attacks on Trump as midterm elections near

  

  Bloomberg President Joe Biden accused former President Donald Trump of “dismissing and ignoring the forgotten people he promised to help” in a unusually blunt attack, indicating that the White House may be trying to turn the midterm elections into a referendum on his predecessor. Biden, at an event in Cleveland, slammed Trump repeatedly during his remarks unveiling new regulations governing ...

  Read More »
• 8 July

  Australia, China foreign ministers to meet at G-20 to reset ties

  

  Bloomberg The foreign ministers of Australia and China will meet for the first time in almost three years as the two nations try to reset a relationship that has often been marked by diplomatic tensions and economic tariffs. The two ministers will have bilateral talks at the Group of 20 meeting in Bali, China’s foreign ministry said Thursday. News of ...

  Read More »
• 8 July

  Ardern urges diplomacy over Pacific tensions

  

  Bloomberg New Zealand Prime Minister Jacinda Ardern said China’s increasingly assertive stance in the Pacific must be addressed through dialogue and diplomacy. “In the wake of the tensions we see rising, including in our Indo-Pacific region, diplomacy must become the strongest tool and de-escalation the loudest call,” Ardern said in a speech to the Lowy Institute Thursday in Sydney. “We ...

  Read More »