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  Bloomberg SpiceJet Ltd said it’s in talks with bankers to raise as much as $200 million in fresh capital after reporting a worse than expected quarterly loss, as the Indian airline looks to work a way out of financial distress. The carrier plans to also spin off its cargo business into a separate company, SpiceXpress, by the end of ...

Bloomberg Deutsche Lufthansa AG will suspend almost its entire flight operations in Frankfurt and Munich on Friday because of a strike by pilots who are demanding higher pay, adding another day of major disruptions to what has already turned into a summer of travel chaos. In total, about 130,000 passengers will be affected as Lufthansa scraps 800 flights at its ...

Bloomberg Woolworths Holdings Ltd. is preparing to battle the impact of soaring inflation in both its key markets, after increased sales and a growing cash pile allowed the South African retailer to raise the annual dividend higher than expected. While a jump in prices is a global risk, Woolworths said the company’s Australian department-store business “should be somewhat mitigated by ...

Bloomberg As Europe grapples with a summer of travel chaos, the wealthiest are increasingly taking matters into their own hands. Private-jet use has surged by almost a third in recent months compared to pre-pandemic levels, stretching airport capacity from Ibiza to Mykonos and stoking a political backlash in France. London logged the most private flights — more than 12,000 in ...

  Bloomberg Chewy Inc tumbled after the online seller of pet supplies cut its revenue outlook and said customer growth has slowed. Sales in the current fiscal year will total no more than $10 billion as customer pull back on discretionary goods such as toys and treats, Chewy said in a letter to shareholders. That’s down from a previous forecast ...

Bloomberg Taiwan downed a civilian drone after weeks of complaints about incursions by unmanned aerial vehicles from China, a sign Taipei is pushing back against Beijing’s efforts to encroach on its territory. Taiwanese troops shot the drone down near Kinmen Island around noon Thursday after attempts to repel it failed, according to a statement from the garrison on the Taipei-held ...

  Bloomberg Sri Lanka’s Former President Gotabaya Rajapaksa is set return to the island nation as early as Friday after he fled a surge in anti-government protests in July, according to people with knowledge of the matter. Rajapaksa is expected to stay in a house provided by the government in Colombo, the people said, asking not to be named because ...

Bloomberg Foreign monitors arrived at a nuclear plant held by Russian forces in Ukraine, even as shelling reported in the area threatened to put their high-stakes mission at risk. International Atomic Energy Agency Director General Rafael Mariano Grossi said Thursday that Ukrainian defense officials had warned his team of increased military activity in the so-called “gray zone” separating Kyiv’s territory ...

Bloomberg Russia is considering a plan to buy as much as $70 billion in yuan and other “friendly” currencies this year to slow the ruble’s surge, before shifting to a longer-term strategy of selling its holdings of the Chinese currency to fund investment. The offshore yuan briefly extended gains against the dollar after the news, rallying to a session high. ...

  Bloomberg The yen declined to its lowest since 1998, prompting warnings from Japanese government officials, as the yield gap between the US and Japan widened to heap more pressure on the currency. It falls as much as 0.5% to 139.68 per dollar in Thursday trading — a hair’s breadth from the key psychological level of 140, before paring the ...