June, 2022

• 15 June

  Cathay Pacific’s first-half loss to narrow as airline plots recovery

  

    Bloomberg Cathay Pacific Airways Ltd flagged it will post a narrower first-half loss than the previous year on continued strong cargo demand and cost-cutting measures. “Our consolidated losses in the first half of 2022, while substantial, are expected to be lower than the consolidated losses reported in the first half of 2021,” Ronald Lam, the airline’s chief customer and ...

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• 15 June

  Canada to end vaccine rule for air travel

  

    Bloomberg Canada plans to end Covid-19 vaccine mandates for domestic air and rail travel, as well as outbound international travel, CBC News reported, citing people with direct knowledge of the decision. An announcement was expected on Tuesday. The government may reinstate the vaccine requirement if there’s a new variant of the virus, CBC reported. Prime Minister Justin Trudeau’s government ...

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• 15 June

  AirAsia turns to India to fill gap left by China tourists

    Bloomberg With the major tourism market of China still mostly sealed off from the rest of the world, AirAsia, the budget carrier of Capital A Bhd, is turning to India to make up the shortfall. “India is definitely a very, very important market,” AirAsia Malaysia Chief Executive Officer Riad Asmat said on the sidelines of the Aviation Festival Asia ...

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• 15 June

  Louis Vuitton to open Saint-Tropez restaurant for summer

  

    Bloomberg Louis Vuitton is set to open its first restaurant in France, just in time for the summer season. The fashion brand owned by the luxury conglomerate LVMH SE is opening the dining spot, to be called Mory Sacko at Louis Vuitton, in the Riviera town of Saint-Tropez on June 17. The 40-seat spot with outdoor dining will be ...

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• 15 June

  Zelenskiy says war to stagnate without more advanced arms

  

  Bloomberg President Volodymyr Zelenskiy said the war may stagnate if deliveries of advanced weapons from Ukraine’s allies don’t accelerate, and that the fighting is “very fierce” in the east. Russia continued its assault on Sievierodonetsk, shelling the city and surrounding villages as it pushes to capture the Ukrainian government’s last major foothold in the eastern region of Luhansk. The regional ...

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• 15 June

  Pope repeats view Nato positioning was factor in Russia war move

  

  Bloomberg Moves and posturing by Nato may have “somehow provoked, or not prevented” Russia’s invasion of Ukraine, according to Pope Francis, who reiterated a previously expressed view about the alliance in remarks published Tuesday by daily La Stampa. Speaking during a pool interview with a group of newspapers, the Pope condemned the brutality and ferocity of Russian troops in Ukraine, ...

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• 15 June

  Johnson defends Rwanda plan riling Tories, bishops and a prince

  

  Bloomberg Boris Johnson accused lawyers representing asylum seekers of “abetting” criminal gangs as he defended his plan to start deportation flights to Rwanda, a policy that has drawn condemnation from UK religious leaders, some ruling Conservative MPs and even the heir to the throne. The UK government argues that sending migrants it regards as having arrived illegally in Britain to ...

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• 15 June

  China diplomat’s transfer upends FM predictions

  

  Bloomberg China’s decision to transfer one of its most high-profile diplomats —and most senior Russia experts — to a state media regulator is fanning speculation over who will be foreign minister after an upcoming reshuffle. Former Vice Foreign Minister Le Yucheng, 59, who has frequently stood in for Foreign Minister Wang Yi in recent months, has been appointed as the ...

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• 15 June

  Australia PM plays down China reset after diplomatic meeting

    Bloomberg Australian Prime Minister Anthony Albanese has downplayed the possibility of a reset in relations with the Chinese government after a high-profile meeting between the two countries, saying Beijing must first lift sanctions on a wide-range of Australian exports. Deputy Prime Minister Richard Marles met with China’s Defence Minister Wei Fenghe in Singapore, where both were attending the annual ...

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• 15 June

  US inflation hits new 40-year high as price increases spread

  

    Bloomberg US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. The consumer price index increased 8.6% from a year earlier in ...

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