June, 2022

• 16 June

  Swiss airspace reopens after air traffic control malfunction

  

  Bloomberg Europe’s air travel chaos spread to Switzerland on Wednesday after a technical malfunction at the country’s air traffic control system shut down flights nationwide and left thousands stranded across the continent. Swiss airspace was closed around 6:30 am and remained so for roughly two hours. Zurich Airport said flights gradually returned to normal operating capacity as of 10 am. ...

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• 15 June

  United exits stake in parent of former ExpressJet Air

    Bloomberg United Airlines Holdings Inc has quietly divested its stake in the parent company of former regional carrier ExpressJet Airlines Inc, according to people familiar with the matter. United had maintained a 49.9% position in ManaAir after shuttering ExpressJet’s regional feed operations almost two years ago after the onset of the Covid-19 pandemic. ExpressJet, which has an operating certificate ...

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• 15 June

  Walmart seeks UK sellers for e-commerce

    Bloomberg Walmart Inc is seeking UK retailers to join its online marketplace in an attempt to give British businesses another e-commerce alternative to Amazon and EBay. Approved British sellers will be able to sell their goods on Walmart.com, which is visited by more than 120 million people every month, the US shopping giant said in a statement. In a ...

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• 15 June

  Turkey: Position on Nato won’t change in blow to June summit

  

  Bloomberg Turkey is maintaining its opposition to Sweden and Finland joining Nato unless they address its security concerns, President Recep Tayyip Erdogan said, leaving little hope that enlargement of the bloc could get underway by a summit this month. Finland and Sweden sought entry into the North Atlantic Treaty Organization following Russia’s attack on Ukraine, only to have their bids ...

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• 15 June

  Xi in call with Putin reaffirms support for Russian security

  

  Bloomberg Chinese President Xi Jinping held his second phone call with Vladimir Putin since his Russian counterpart invaded Ukraine in late February, where he reiterated support for Russia’s security concerns, state broadcaster CCTV reported. The report of the conversation, which took place on Xi’s 69th birthday, largely repeated China’s prior comments on Russia including a call for Putin and other ...

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• 15 June

  EU restarts legal action against UK in clash on Brexit bill

  

  Bloomberg The European Union is restarting legal proceedings against the UK as Brussels prepares for a drawn-out fight over London’s move to override part of the Brexit deal. The UK’s planned legislation announced earlier this week is a breach of international law, Maros Sefcovic, the EU’s chief Brexit negotiator, told reporters on Wednesday. He added that the UK proposal to ...

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• 15 June

  Russia’s invasion violates world’s peace: Kishida

  

  Bloomberg Japanese Prime Minister Fumio Kishida plans to attend a Nato summit later this month, showing support for its efforts during Russia’s war in Ukraine by becoming the first Japanese premier to take part in such a meeting of the military alliance. “Russia’s invasion violates the peace and order of the world and can never be tolerated,” Kishida said as ...

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• 15 June

  Canada to force firms to report cyber attacks, remove risky gear

    Bloomberg Canada plans to require companies to share cyber threat information and to remove any product or service that could pose security risks. Industry Minister Francois-Philippe Champagne and Public Safety Minister Marco Mendicino introduced a bill Tuesday titled an “Act Respecting Cyber Security” that will apply to four federally-regulated infrastructure sectors including telecommunications, transport, finance and energy. The bill ...

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• 15 June

  HSBC may unlock $26.5bn in Asia spin-off, says report

  

    Bloomberg A break up of HSBC Holdings Plc’s Asian unit could unlock $26.5 billion, or about a fifth of its current market value, according to research that could support a push from its largest shareholder to overhaul the bank. Two other scenarios that could benefit shareholders are for HSBC to spin off the Asian business or just its Hong ...

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• 15 June

  Japanese yen tumbles to lowest since 1998

  

    Bloomberg The yen falls to a 24-year low and Japanese bonds tumbled, prompting a warning from the Bank of Japan (BOJ) as its easy monetary policy increasingly feels strain of rising interest rates globally. The currency falls more than 0.5% to 135.19 per dollar, the lowest since October 1998, as Treasury yields extended inflation-shock driven gains and the Bank ...

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