June, 2022

• 24 June

  Italy may trigger emergency gas plan

    Bloomberg Italy may trigger its emergency gas plan as soon as next week if Russia continues to curb supplies, a move that may involve a bigger reliance on the dirtier fuels. If Gazprom PJSC doesn’t restore its gas supplies to Italy by mid-week, the government may initiate an emergency phase for its market, according to people familiar with the ...

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• 24 June

  Japan to withdraw financing of key coal projects

  

    Bloomberg Japan will withdraw financing for key coal-fired power plant projects in Bangladesh and Indonesia under efforts aimed at accelerating a global phase-out of the dirtiest fossil fuel. Asia’s second-largest economy will stop providing government-backed yen loans to the Matarbari 2 coal expansion project in Bangladesh and the Indramayu plant in Indonesia, the country’s Foreign Ministry said in a ...

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• 24 June

  Is it time for Europe to declare a war economy?

  

  The next step in the conflict between the West and Russian President Vladimir Putin was supposed to be a European boycott on Russian coal, oil and natural gas. It may instead be a gas embargo by Putin on Europe. It comes to much the same. The countries of the European Union (EU) must accept what some of them — notably ...

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• 24 June

  Faster progress a must for long Covid

  

  Long Covid is making it hard for millions of Americans to return to normal life, pushing some out of the workforce altogether, sometimes permanently. Yet medical efforts to figure out how best to help these patients are proceeding only slowly. Research has zeroed in on a few probable causes of long Covid, perhaps the most intriguing of which is the ...

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• 24 June

  Are we living in a 1970s economy once again?

  The 1990s are having a moment in consumer culture. But with the world in the grip of rampant inflation, and Britain enduring a summer of discontent, it feels like we’re living in a 1970s economy. Nineties nostalgia has been building for some time. Bold logos, which disappeared after the financial crisis, have made a splashy comeback. Burberry Group Plc has ...

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• 24 June

  Why many of Trump’s people can’t resist him

    Each episode of the true-crime drama currently airing from Room 390 of the Cannon House Office Building in Washington has offered variations on a theme: Former President Donald Trump used the powers of his office, and blunt force, to foment a coup after losing the 2020 presidential election. The plot twists have largely involved how individuals or institutions responded ...

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• 24 June

  Tap sees uncertain market driving key investor search

  

    Bloomberg Portugal’s state-owned airline Tap SA said a new investor would put it on a more solid footing as it pushes ahead with a restructuring program amid higher fuel costs and increasing geopolitical uncertainty. “It’s a very difficult market,” Chief Executive Officer Christine Ourmieres-Widener said. “Fuel costs are increasing. We could have wars, we could have pandemics, so being ...

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• 24 June

  Lufthansa slashes 2,200 flights over staff shortages

  

  Bloomberg Deutsche Lufthansa AG cancelled 2,200 flights after a wave of coronavirus infections worsened staffing shortages, adding to Europe’s travel chaos as the crucial summer vacation period gets under way. Germany’s flagship airline scrapped both domestic and European routes for July and August, a spokesman said. That follows 900 cancellations announced earlier this month. Lufthansa fell as much as 3.3% ...

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• 24 June

  South Africa sued over $3 sale of troubled national airline

  

  Bloomberg South Africa’s government and national airline are being sued by a little-known investment firm, which wants the sale of a majority stake in the carrier scrapped and re-run due to a lack of transparency. This year’s acquisition of 51% of South African Airways (SAA) by the Takatso Consortium — made up of a local jet-leasing company and a private-equity ...

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• 24 June

  British Airways staff at Heathrow vote to strike over pay

  

  Bloomberg British Airways (BA) workers at London Heathrow airport are set to strike in a dispute over pay, adding to a wave of industrial action across Europe that threatens to unleash travel chaos in the region this summer. The GMB and Unite unions said hundreds of BA check-in staff backed walkouts during the peak vacation period after the carrier refused ...

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