June, 2022

• 17 June

  Ryanair to face strike by its Italy employees on June 25

    Bloomberg Ryanair Holdings Plc staff in Italy announced plans to strike on June 25, adding to Europe’s travel headaches as the industry tries to recover from the coronavirus pandemic. Unions representing pilots and flight attendants will strike for 24 hours to press demands for better working conditions, they said. The walkout will also involve staff in Spain, Portugal, France ...

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• 17 June

  Wizz Air abandons no fuel hedging policy

    Bloomberg Wizz Air Holdings Plc said it will reinstate its jet-fuel hedging policy as volatile oil prices add to other surging costs for the airline industry and threatens to upend the sector’s recovery from the pandemic. Eastern Europe’s biggest discounter will “mirror” the hedging levels of its main peers and put additional jet fuel price caps in place for ...

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• 17 June

  EU leaders visit Kyiv after criticism over Ukraine war

  

  Bloomberg The leaders of Germany, France, Italy and Romania are in Kyiv for talks with President Volodymyr Zelenskiy in by far the highest-profile visit to the country since Russia invaded at the end of February. They traveled overnight by train to Kyiv and were joined by Romania’s president in a show of solidarity ahead of an expected recommendation Friday from ...

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• 17 June

  China, Russia give differing accounts of Xi-Putin phone call

  

  Bloomberg Russia and China gave alternative accounts of President Xi Jinping’s birthday call with Vladimir Putin, as both sides seek to manage perceptions of their relationship in the wake of Moscow’s war in Ukraine. The Kremlin readout said the two men, both 69, discussed increasing economic cooperation, trade and military-technical ties between China and Russia on Wednesday. Moscow’s version also ...

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• 17 June

  UN rights chief admits her trip to China faced ‘limitations’

  

  Bloomberg UN rights chief Michelle Bachelet said she was unable to visit detained Uyghurs and that she was accompanied by authorities while visiting Xinjiang, remarks that raise questions about the Chinese government’s efforts to influence her trip. “I was not able to speak to any Uyghurs currently detained or their families during the visit,” Bachelet told a meeting of the ...

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• 17 June

  Johnson’s ethics adviser blames UK PM for ‘odious’ position

  

  Bloomberg Boris Johnson’s ethics adviser said he resigned because was put in an “impossible and odious position” by the UK prime minister, who he stated was considering a potential deliberate breach of the ministerial code. In his resignation letter, Christopher Geidt didn’t specify the issue Johnson asked him to advise upon and that led him to quit. In his reply ...

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• 17 June

  Seoul looks to nuclear expansion in bid to meet climate targets

    Bloomberg South Korea will expand the role of nuclear energy in order to meet its climate target. President Yoon Suk Yeol’s new government will increase the portion of atomic power in the energy mix to meet its emissions reductions goal, or Nationally Determined Contribution, it said Thursday. It will maintain the target set by the previous administration to cut ...

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• 17 June

  Banks flow billions to companies involved in damaging rainforests

  

    Bloomberg Banks are often criticised for the financing they provide to fossil-fuel companies. But it doesn’t stop there. There’s also the funding they offer to companies that are damaging the world’s rainforests and indigenous communities. Since the Paris climate agreement was announced at the end of 2015, seven banks arranged at least $22.5 billion via loans and debt and ...

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• 16 June

  UK regulator tells banks to support customers

  

    Bloomberg The Financial Conduct Authority (FCA) told more than 3,500 lenders they need to provide customers in vulnerable circumstances with more support as the rising cost of living threatens to tip millions into financial difficulty. The UK regulator said on Thursday that it was concerned consumers aren’t getting the support they need across the sector. “Changing pressures on consumers” ...

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• 16 June

  Credit Suisse prosecutor finds $60mn in money laundering

  

    Bloomberg A prosecutor has identified more than $60 million that he believes was laundered through Credit Suisse Group AG, in the precursor to what would be an historic Swiss criminal indictment against the bank. Geneva’s top financial-crime prosecutor, Yves Bertossa, identified a series of eight transactions the bank let slide between 2008 and 2014 at a hearing last week, ...

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