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Bloomberg Europe’s leading airlines are misleading consumers with claims that they can fly guilt-free by using carbon offsets to neutralise the environmental impact of air travel, according to a new report by the non-profit Carbon Market Watch. A temporary dip during the Covid-19 pandemic aside, airline emissions have been steadily rising for the past two decades and, left unchecked, could …

  Bloomberg Starbucks Corp. illegally fired a Michigan employee because she engaged in union activism and participated in a US labour board proceeding, a National Labour Relations Board judge ruled. The agency judge’s decision requires the coffee chain to offer the worker reinstatement with back pay. It says Starbucks must also hold a meeting with employees as well as representatives …

Bloomberg Semiconductor stocks across the globe retreated on Monday after fresh US curbs on China’s access to American technology added to a disappointing start to the earnings season, stoking concerns that the industry’s downturn is far from over. In China, bellwether Semiconductor Manufacturing International Corp (SMIC) falls 4% in Hong Kong, the most in five weeks. Declines were steeper in …

  Bloomberg As recession looms, stock prices slide and sterling sinks, British firms are backing off expansion and instead handing money back to investors by buying back shares like never before. Companies in the FTSE 100 Index are set to repurchase stock worth almost $57 billion this year, significantly above previous peaks, according to financial services firm AJ Bell Ltd. …

  Bloomberg Just over 1,000 people have signed up for Cathay Pacific Airways Ltd.’s flight attendant recruiting drive, around half of the 2,000 targeted by the end of 2023, underscoring the labour challenges the airline faces as it seeks to fully restore flights in and out of the Asian financial hub. Cathay said it was satisfied with the expressions of …

  Bloomberg Levi Strauss & Co reported quarterly revenue that fell short of expectations, and the denim maker also reduced its outlook for the full year, citing economic uncertainty along with supply-chain disruptions and a stronger US dollar. Revenue in the fiscal third quarter ended August 28 was $1.52 billion, below the $1.6 billion average estimate of analysts surveyed by …

  Bloomberg Deliveries of Lockheed Martin Corp.’s F-35 will resume after the Pentagon’s acquisitions chief issued a “national security” waiver from a ban on a Chinese alloy used in a component on the fighter jet. The component — a magnet in a device supplied by Honeywell International Inc. — has been used in the plane since 2003. After the Chinese …

  Bloomberg United Airlines Holdings Inc. is planning to restart Hong Kong flights as soon as January, according to people familiar to the matter, becoming one of a handful of major airlines to resume passenger flights to the city, which has largely been cut off to the outside world since the start of the pandemic. The Chicago-based carrier is evaluating …

Bloomberg American Airlines group Inc’s top commercial officer said the airline hadn’t focused on customers in creating its earlier corporate partnerships, validating the suspicions of many disgruntled air travellers. Testifying with unusual candour during Justice Department’s antitrust trial seeking to block American’s partnership with JetBlue, American’s chief commercial officer, Vasu Raja, said customers were an afterthought compared to business and …

  Bloomberg The US will begin redirecting travellers from Uganda to five airports to screen for Ebola, as the East African country grapples with an outbreak of a strain of virus for which there is no approved vaccine. The notice is not a travel ban or suspension on those coming from Uganda, but is being put in place out of …