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  Bloomberg Boeing Co will most likely lift build rates for its 787 widebody beyond the currently targeted five a month sometime in the future, according to the UK company that makes air ducts and structural parts for the jet. Senior Plc Chief Executive Officer David Squires said the higher pace of output for the Dreamliner seems probable once handovers …

  Bloomberg Skyports Ltd, which builds takeoff and landing sites for flying taxis, drew investment from Singapore Technologies Engineering Ltd amid plans for a terminal in the city for airborne electric cabs. Aerospace company ST Engineering is the final investor in a Series B capital raise and takes the latest round of fundraising to $26.1 million, Skyports said. The first …

Bloomberg British Airways halted ticket sales on some short-haul services out of London Heathrow airport through next Monday to make room for passengers who’ve had their flights scrapped amid capacity caps at the hub. The unit of IAG SA said the move follows Heathrow’s request for carriers to limit new bookings after introducing a limit of 100,000 daily departing customers …

  Bloomberg German retail sales plummeted in June as consumers cut spending on non-essential goods to cope with record inflation. Sales were down 9.8% from the previous year, the most since 1980 — before the country’s reunification. Non-food items such as furniture and household appliances or clothing and shoes registered even steeper declines. The data add to an already strained …

  Bloomberg China’s banks face mortgage losses of $350 billion in a worst-case scenario as confidence plunges in the nation’s property market and authorities struggle to contain deepening turmoil. A spiralling crisis of stalled projects has dented the confidence of hundreds of thousands of homebuyers, triggering a mortgage boycott across more than 90 cities and warnings of broader systemic risks. …

Bloomberg The Bank of England (BOE) this week is expected to push through the biggest interest-rate increase in 27 years and unveil its strategy for unwinding some of the £895 billion ($1.1 trillion) of stimulus it delivered over the past decade. The measures would accelerate a historic tightening of monetary policy to choke off the worst bout of inflation in …

  Bloomberg Banks’ core business of lending has finally turned more profitable again, as the era of negative interest rates in the euro area comes to an end. The EU’s five biggest banks that have reported results so far showed an increase in net interest income of 3.74 billion euros ($3.82 billion) on the same quarter last year, a jump …

  Bloomberg HSBC Holdings’s UK arm is the latest bank to help staff cope with the rising cost of living by making an extra one-time payment. Lower-paid employees will receive the £1,500 ($1,836) boost in their August paychecks, according to an internal memo seen by Bloomberg News. All five of the UK’s largest retail banks have now pledged to pay …

  Bloomberg Indonesia’s central bank continued to build the case to keep its policy rate unchanged for longer, as it sees subsiding food costs and slower global monetary tightening. “Bank Indonesia will continue to normalise monetary policy, but there is no need to quickly raise interest rates like other countries,” Governor Perry Warjiyo said in a briefing. Core inflation is …

Bloomberg Mastercard Inc. said spending on its network jumped 18% as US consumers battle once-in-a-generation levels of inflation. Payment volume soared to $1.65 trillion in the second quarter, topping the $1.64 trillion average of analyst estimates in a Bloomberg survey. The company boosted its forecast for revenue growth for the year after it reported a 58% surge in overseas payments …