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Bloomberg Ryanair Plc was slapped with a fine in Hungary over a windfall tax the airline’s Chief Executive Officer had called “beyond stupid.” Hungary’s Consumer Protection Office levied a 300 million forint ($781,270) penalty for Ryanair’s decision to pass on the cost of the tax to its customers, Justice Minister Judit Varga said in a Facebook post on Monday. Ryanair ...

  Bloomberg Qantas Airways Ltd needs executives from head office to leave their jobs for three months and haul luggage full-time to address a stubborn labour shortage that’s disrupting flights. The airline is looking for at least 100 volunteers to carry out shift work at Sydney and Melbourne airports, Chief Operating Officer Colin Hughes wrote in a note to managers ...

  Bloomberg Air New Zealand carried 10% fewer passengers in the last financial year, while volumes remain less than half pre-Covid levels. Passengers carried fell to 7.7 million in the year ended in June 30 from 8.6 million a year earlier, the carrier said in Wellington. The total slumped from 17.7 million in the year through June 2019. New Zealand ...

  Bloomberg British clothing and housewares chain Next Plc is in talks to acquire a minority stake in troubled retailer Joules Group Plc for about £15 million ($18.1 million). The potential investment will be made “at no less than” its current market price, Joules said in a statement responding to a report it was looking to sell a roughly 25% ...

  Bloomberg Shipping in the Taiwan Strait began to return to normal on Monday, though China’s announcement of a new military exercise near the island signaled that risks remain for the industry. More than 40 vessels have transited through a China military drill zone south of Taiwan’s main port since Saturday, according to ship-tracking data compiled by Bloomberg. The latest ...

Bloomberg An Italian centrist party quit its alliance with the Democrats, days after agreeing to join forces in a bid to prevent a right-wing landslide in September elections triggered by the fall of Prime Minister Mario Draghi’s government. The Azione party pulled out because “the pieces just didn’t fit together,” its leader, Carlo Calenda, said during an interview with national ...

  Bloomberg Russia told diplomats it’s ready to welcome international monitors into Ukraine’s Zaporizhzhia nuclear power plant, whose safety is in doubt after coming under attack last week. International Atomic Energy Agency inspectors have said there’s a “very real risk of a nuclear disaster” at Europe’s biggest atomic power plant amid fighting in the area. The Zaporizhzhia site, with six ...

  Bloomberg South Korea’s education minister offered to resign over a plan to reduce the school entry age a year to five, which ignited a backlash and dented already weak support for President Yoon Suk Yeol. Park Soon-ae, one of four women in Yoon’s 18-member cabinet, submitted her resignation Monday, saying she was stepping down after about a month on ...

  Bloomberg In the midst of the UK’s worst inflation crisis for four decades, Bank of England (BOE) Governor Andrew Bailey has found himself at the heart of a growing political storm. After a little more than two years in the job, Bailey is under attack from members of the ruling Conservative Party and the press. It’s a dramatic turnaround ...

Bloomberg Citigroup Inc.’s Mexican unit, Banamex, is likely to attract offers of about $7 billion to $8 billion as the field of bidders narrows, according to people familiar with the matter. Grupo Financiero Banorte, Carlos Slim’s Grupo Financiero Inbursa, mining tycoon German Larrea and Grupo Financiero Mifel are still in the running. Slim, with a net worth of $73.5 billion, ...