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  Bloomberg Finland’s national carrier Finnair is working to overhaul its strategy in an admission that access to Russian skies, which underpinned its previous focus on Asia, will likely not be restored any time soon. “There’s no end in sight for the war in Ukraine,” CEO Topi Manner said on a conference call following second-quarter earnings. “We’re preparing to see ...

  Bloomberg VietJet Aviation JSC confirmed a deal for 200 Boeing Co 737 Max jets, giving the US planemaker another boost at one of the industry’s biggest events. The first 50 aircraft will be delivered to Thai Vietjet, the Vietnamese budget carrier’s affiliate in Thailand, the company said during the Farnborough International Airshow in the UK. “The agreement is a ...

Bloomberg Ranil Wickremesinghe was voted in as Sri Lanka’s president backed by a majority of lawmakers from ousted leader Gotabaya Rajapaksa’s party, a development that could reignite street protests in the bankrupt nation and scuttle bailout talks with the International Monetary Fund. Wickremesinghe, 73, beat Dullas Alahapperuma, an opposition-backed candidate who had the support from a faction within the ruling ...

Bloomberg The US embassy in Brasilia described Brazil’s elections as a “model for the world,” one day after President Jair Bolsonaro told foreign ambassadors that the country’s electronic voting system is subject to fraud. Echoing comments made by President Joe Biden during a bilateral meeting with Bolsonaro last month, the embassy said in a statement late Tuesday that the US ...

Bloomberg Russian President Vladimir Putin signaled that Europe will start getting gas again through a key pipeline, but warned that unless a spat over sanctioned parts is resolved, flows will be tightly curbed. Europe is on tenterhooks, waiting to see whether gas flows resume on Thursday when maintenance on the Nord Stream pipeline is set to end. Putin gave the ...

  Bloomberg The African Union should have a permanent seat at the Group of 20 leading economies to give the continent more say as it struggles with the economic fallout from the war in Ukraine, according to three ministers from the region. Representation at the G-20 will bolster the continent’s engagement with the group at a time when soaring energy ...

Bloomberg Europe’s banks waited more than a decade for higher interest rates to make lending more profitable again. Now some governments are threatening to spoil the party. As the European Central Bank (ECB) prepares to raise rates on Thursday, politicians from Madrid to Warsaw are calling for mortgage holidays and bank taxes to shield consumers from higher borrowing costs and ...

  Bloomberg Santander UK became the latest bank to help staff with the cost of living squeeze, saying it would give more than 11,000 employees a 4% pay rise. All staff earning less than £35,000 ($42,039), representing 60% of the workforce, will be eligible for the raise from August, the company said in a statement. Santander UK will also increase ...

  Bloomberg Nigerian lenders are impeding the use of the nation’s digital currency because they are concerned about losing revenue from traditional banking services, according to central bank Governor Godwin Emefiele. Only about 700,000 customers have created an e-naira wallets since its introduction in October last year, the central bank said early this year. There are about 55 million bank ...

  Bloomberg The International Monetary Fund (IMF) approved the disbursement of a $235.6 million loan to Kenya as the East African nation met the lender’s targets and made progress in addressing debt vulnerabilities. The approval brings the IMF’s total disbursements to Kenya to $1.21 billion, out of a total of about $2.34 billion available under a 38-month program approved in ...