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  Bloomberg Delta Air Lines Inc, which has struggled with flight delays and cancellations this summer, is letting passengers change their travel plans for the “potentially challenging” Fourth of July holiday weekend without having to pay a fare difference. The “unique” waiver is available across Delta’s system for trips July 1 through 4, as long as customers travel between the …

  Bloomberg London Heathrow and Paris-Charles de Gaulle airports are cutting more flights as Europe’s travel chaos continues into the summer. Heathrow asked airlines to cut 30 flights from their schedules amid concern that peak passenger numbers will exceed the level it can safely handle. France’s civil aviation authority has ordered a 17% reduction in flights out of Paris-Charles de …

  Bloomberg Spirit Airlines Inc delayed a shareholder vote on its proposed merger with Frontier Group Holdings Inc less than 24 hours before it was scheduled, saying management needs more time for talks with its favored partner and rival suitor JetBlue Airways Corp. Spirit, which rescheduled the meeting for July 8, will continue soliciting shareholder proxies for the ballot, according …

  Bloomberg Ireland is putting the army on standby to help alleviate staffing issues at Dublin Airport if the hub is hit by more shortages in the coming weeks. The army will be made available if needed to assist the Dublin Airport Authority during the peak holiday season of July and August, Transport Minister Eamon Ryan told RTE Radio. The …

  Bloomberg Shares of Sanrio Co, the brainchild behind the Hello Kitty franchise, surged in Tokyo after the company signed a licensing deal with a unit of Alibaba Group Holding Ltd that will expand its reach in China. Shares rose as much as 15%, the biggest intraday gain in more than a decade, on trading volume more than five times …

  Bloomberg The Reserve Bank of India (RBI) is fighting on several fronts to slow the rupee’s decline to fresh records, with little respite in sight. The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency. Strategists say that the pressure will continue amid shrinking interest rate …

Bloomberg At least three people involved in credit trading are leaving Standard Chartered (StanChart) amid a property debt crisis in China and an unprecedented selloff in fixed income globally. Duncan Robinson, global head of credit flow trading, is leaving the firm, according to people familiar with the matter, who asked not to be identified as they are not authorized to …

Bloomberg China plans to extend the yuan’s trading hours as it seeks to increase global investor participation in onshore currency trading as part of its internationalisation push. Regulators led by the People’s Bank of China have told some banks to prepare for an extension of onshore yuan trading hours, according to people familiar with the matter, who asked not to …

  Bloomberg Credit Suisse Group AG vowed to boost the business with rich clients and cut costs through simplifying technology as it seeks to emerge from two years of scandal and losses. The bank outlined plans to grow the wealth unit by focusing on priority markets such as Hong Kong and Singapore, in a presentation for an “investor deep dive” …

  Bloomberg The surge in the dollar has set Asian currencies on course for their worst quarter since the 1997 financial crisis and created a dilemma for central bankers. Policy makers already grappling with the fastest inflation in decades now face stark choices: forcefully raise borrowing costs to defend currencies and risk hurting growth, spend reserves that took years to …