May, 2022

• 12 May

  Lufthansa, Air France predict summer boom, wary over costs

  

  Bloomberg Europe’s biggest airlines are growing increasingly confident that the easing of coronavirus restrictions will kick off a summer boom as a surge in bookings spurs them to lift capacity. Deutsche Lufthansa AG and Air France-KLM are less certain about prospects going deeper into the year, with the German company saying that fuel prices are tough to predict and that ...

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• 12 May

  Qantas Airways makes every seat available for air miles

    Bloomberg Qantas Airways Ltd is making every seat on more than 1,700 flights purchasable with air miles, allowing customers to burn through a mountain of loyalty points built up during the pandemic. Passengers will be able to use points on all flights in August on more than 30 routes in Australia, Qantas said. The almost 130,000 seats will be ...

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• 12 May

  KLM scraps flights amid labour turmoil

    Bloomberg Flight cancellations at Dutch airline KLM have surpassed 225 in the past few weeks as its Amsterdam Schiphol hub is hit by labour shortages and industrial strife. The Air France-KLM unit was supposed to be in discussions with the airport about service levels, a spokesman said. That follows 75 cancellations last weekend amid a lack of airport personnel ...

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• 12 May

  Moscow-occupied Ukraine region to ask to join Russia

  

  Bloomberg Kremlin-installed occupation authorities in Ukraine’s southern Kherson region plan to ask President Vladimir Putin to become part of Russia, Tass reported, the first public sign that he may seek to annex territory taken in the invasion. The region won’t hold a referendum first but would appeal directly to Putin to absorb it into Russia, Kirill Stremousov, the deputy chief ...

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• 12 May

  Sweden, Finland get Britain security pledge for Nato bid

  

  Bloomberg Sweden and Finland are winning more pledges of help in case Russia attacks them as the Nordic nations are on the path to becoming members of the Nato defense bloc. UK Prime Minister Boris Johnson signed a security agreement with Sweden and plans another with Finland later in the day, as the pair is moving closer to filing membership ...

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• 12 May

  UK threatens unilateral action on Northern Ireland Brexit deal

  

  Bloomberg The UK escalated its threats over the post-Brexit deal for Northern Ireland, saying the European Union’s latest proposals on trading arrangements won’t work and signalling it’s prepared to take unilateral steps unless a new agreement can be negotiated. The government “will not shy away from taking action to stabilise the situation in Northern Ireland if solutions cannot be found,” ...

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• 12 May

  Marcos asks not to be judged on his ‘ancestors’

  

  Bloomberg The only son and namesake of the late dictator Ferdinand Marcos has claimed victory in a high-stakes Philippines presidential election and has asked critics to judge him by his actions and not his past as he moves on with considering names for his cabinet. Ferdinand “Bongbong” Marcos Jr won the election by a landslide, cementing his family’s return to ...

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• 12 May

  Japan, South Korea set to join US-led group

  Bloomberg Japan and South Korea are among the countries set to join the Indo-Pacific Economic Framework (IPEF), a US-led regional grouping President Joe Biden is expected to unveil later this month, the Sankei newspaper reported. Australia and New Zealand are also set to sign up as members of the group, the paper said, without specifying where it got the information. ...

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• 12 May

  US to bolster Latin American economies to curb migration

  

    Bloomberg The Biden administration is working on a proposal to bolster economies in Latin America and strengthen US ties ahead of a key regional summit the US will host next month to help confront the challenge of fast-increasing migration. The proposed economic framework, still in the early stages, will address issues including so-called nearshoring and supply-chain vulnerabilities revealed by ...

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• 11 May

  Apollo plans to lead $1bn financing for Musk’s Twitter bid

  

    Bloomberg Apollo Global Management Inc. is in talks to lead a preferred financing for Elon Musk’s proposed buyout of Twitter Inc., according to people with knowledge of the deal. The funding, arranged by Morgan Stanley, will exceed $1 billion and may include Sixth Street Partners, among other firms, the people said. Shares of Twitter closed at $47.26 apiece, with ...

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