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  Bloomberg SAS AB reached a deal with pilots to end a 15-day strike, allowing the airline to gradually resume normal operations at one of the busiest times of year for travel. The 5 1/2 year agreement will also allow SAS to move ahead with financing talks after it filed for bankruptcy protection in the US earlier in July, the ...

Bloomberg Virgin Atlantic Airways Ltd will carry out test flights using a flying taxi model from UK startup Vertical Aerospace Ltd as the futuristic technology moves closer to becoming a reality. Virgin will operate one flight from the main airport in Bristol, England, where Vertical is based, to an airfield elsewhere in the southwest, according to a joint statement. A ...

  Bloomberg Air Lease Corp, the biggest aircraft financier in the US, is close to placing a large order for Airbus SE A320neo family jets as it looks to lock in planes amid constrained supply, according to people familiar with the matter. The Los Angeles-based lessor may announce a deal for dozens of jets at the Farnborough International Airshow, the ...

  Bloomberg Convenience store operator 7-Eleven Malaysia Holdings Bhd is weighing exiting its pharmacy chain, according to people with knowledge of the matter. The Kuala Lumpur-listed company is working with an adviser on the potential divestment of Caring Pharmacy Group Bhd, which is attracting interest from some Japanese parties, the people said. The company could seek a valuation for the ...

Bloomberg China vowed to take a “resolute and strong” response to any Taiwan visit by US House speaker Nancy Pelosi, setting the stage for a possible showdown over the reported landmark trip. Pelosi’s plan to lead a delegation to Taipei next month, which was reported by the Financial Times, would have a “grave impact” on US-China ties, Foreign Ministry spokesman ...

Bloomberg China flatly denied a report that President Xi Jinping had invited top European leaders to meet him in Beijing later this year, and was still awaiting their response, as tensions fray between Beijing and the bloc. “I don’t know what’s their source of information,” Chinese Foreign Ministry spokesman Zhao Lijian said Tuesday, referencing the South China Morning Post report. ...

Bloomberg The battle to succeed Boris Johnson is heating up, with Penny Mordaunt, Liz Truss and Kemi Badenoch vying to join Rishi Sunak in the final run-off after a vote on Monday left the race for second wide open. Conservative Party MPs were expected to vote for a fourth time on Tuesday in the contest to elect Johnson’s successor as ...

Bloomberg The few commuters who braved the heat of London’s Underground transport system had to endure temperatures deemed too hot to safely transport cattle, showing the brutal conditions sweeping through Europe and impacting everything from transport to food and energy production. Intense heat caused London’s Luton Airport to halt flights for runway repairs, while Wales set a new record and ...

  Bloomberg Canadian home prices saw their biggest monthly decline in at least 17 years as the impact of higher interest rates began to spread across the country. The benchmark price of a home falls 1.9% in June versus the previous month, according to data by the Canadian Real Estate Association. That’s the third straight month of falling prices, and ...

Bloomberg Volvo AB said a slowing global economy is not yet weighing on demand as the truckmaker reported better-than-expected profit for the second quarter. “We realise, like everyone else, that the macro-economic measures taken now by central banks must have an effect in order to reduce the inflationary pressures,” Volvo’s Chief Executive Officer Martin Lundstedt said in a phone interview ...