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Bloomberg Deutsche Lufthansa AG’s pilots’ union is holding a vote on whether to strike, a move that would further disrupt the airline’s crucial summer travel season. The VC pilots’ union is gauging support for a walkout as talks with the airline over pay and conditions stumble, according to a spokeswoman for the labour organisation. A strike could then take place …

Bloomberg UK retail sales fared better than expected in June as a jump in bank holiday food sales helped mask the impact of the wider cost of living squeeze. The volume of goods sold in stores and online fell 0.1%, following a 0.8% drop in May that was bigger than previously reported, the Office for National Statistics (ONS) said. Economists …

  Bloomberg The head of United Airlines Holdings Inc apologised to US Transportation Secretary Pete Buttigieg after the carrier publicly faulted regulators for worsening flight delays. Scott Kirby, United’s chief executive officer, said he reached out to clarify comments in a staff memo earlier this month. In it, a United executive said half of its delay minutes and the majority …

  Bloomberg Virgin Atlantic Airways Ltd extended the suspension of its London-Hong Kong flights by almost seven months to late March due to “ongoing operational complexities” even as the Asian city gradually eases some of the world’s tightest Covid-19 restrictions and people start to travel once again. The UK-based airline intends to resume the service on March 26, rather than …

Bloomberg US social-media giants were poised to see more than $76 billion wiped off their stock-market values on Friday after disappointing revenue from Snap Inc raised concerns about the outlook for online advertising. The Snapchat parent plummeted as much as 30% in premarket trading. Meanwhile, Facebook parent Meta Platforms Inc falls 4.8%, Google owner Alphabet Inc declined 2.8%, Twitter Inc …

  Bloomberg US equity futures slipped in choppy trading as investors await the next batch of second-quarter earnings for clues on how well companies are coping with surging prices. Bonds extended an advance. Nasdaq 100 contracts fall 0.4%, while those on the S&P 500 ticked lower. The Stoxx 600 Index added 0.5%, poised for a weekly advance as investors shrugged …

  Bloomberg Gold rises, erasing its previous decline to the lowest level in 15 months, after the European Central Bank (ECB) raised rates by a larger-than-expected 50 basis points. European stocks and bonds slumped and the euro rose after the ECB joined global central banks in driving outsized rate increases to quell inflation. Bullion climbed back above $1,700 an ounce. The …

Bloomberg Oil declined as investors assessed signs of lackluster US gasoline demand and the return of supplies from Libya. West Texas Intermediate futures fall towards $95 a barrel. The slump came after a US report showed gasoline inventories rose more than expected last week, while stalling demand sent the motor fuel’s premium over crude plummeting. Further bearish signs emerged from …

  Bloomberg Russia began sending natural gas to Europe through the Nord Stream pipeline system after a pause, bringing relief to a continent whose economy is starting to wobble under the strain of reduced supplies. Shipments returned to 40% of capacity, their level before flows were halted for 10 days of planned maintenance, data from the pipeline operator showed. While …

  Bloomberg South Africa’s government wants to start accessing part of the $8.5 billion in climate financing pledged by some of the world’s richest nations in early 2023, the head of its negotiating team said. “That’s what we are aiming for and working towards,” Daniel Mminele, a former central banker governor who was appointed to head the talks for South …