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Bloomberg Uniqlo owner Fast Retailing Co expects full-year profit will hit a record as a weaker yen and strong sales globally outweighed a China slump due to Covid Zero lockdowns. The Asian retailer raised its full-year operating forecast to 290 billion yen ($2.1 billion) from an earlier estimate of 270 billion, according to a statement. That topped analyst projections and, ...

  Bloomberg Deutsche Lufthansa AG plans to cut an additional 2,000 flights until the end of August, bringing the airline’s total number of cancellations to almost 6,000 as Europe’s travel disruptions continue to worsen. Most of the flights affected are domestic routes scheduled to take off from Munich or Frankfurt, a representative for the German carrier said. Long-haul flights and ...

Bloomberg United Airlines Holdings Inc’s pilots union says the carrier agreed to re-engage in talks to improve terms of the tentative contract agreement the two sides reached last month. Union sought new talks based on feedback from United pilots who were unhappy with the agreement, Mike Hamilton, head of United’s Air Line Pilots Association unit, told members in video on ...

Bloomberg President Joe Biden said the US won’t wait “forever” for Iran to agree to new curbs on its nuclear program, while Israeli Prime Minister Yair Lapid warned that his country is prepared to defend itself should Tehran get closer to developing a weapon. “We’ve laid out for the leadership of Iran what we’re willing to accept,” Biden told reporters ...

Bloomberg South Korean prosecutors are investigating members of former President Moon Jae-in’s government over the 2019 forced repatriation of two North Koreans, whose return to face criminal charges and likely execution had been denounced by critics as a violation of human rights. Current President Yoon Suk Yeol’s administration this week released photos of the blindfolded and bound fishermen getting dragged ...

Bloomberg Sri Lankan President Gotabaya Rajapaksa arrived in Singapore Thursday after fleeing months of anti-government protests that forced him to pledge to resign. Rajapaksa flew to Singapore’s Changi Airport from the Maldives, where he had made a brief stop after leaving Sri Lanka Wednesday aboard a military aircraft. The island nation’s Security Council agreed to his request for safe passage ...

Bloomberg Negotiations over unblocking millions of tons of Ukraine’s grain exports were constructive, according to Ukraine, the United Nations, Turkey and Russia, an initial step in bolstering global food supplies and aiding the country’s beleaguered farm sector. The talks were held in Turkey with representatives from the countries and the UN. The sides — who agreed on the “main technical ...

Bloomberg The euro area’s rebound from the pandemic will be weaker than anticipated while inflation will be faster because of Russia’s war in Ukraine, according to draft projections by the European Commission. With surging prices crimping demand and the danger of winter energy shortages draining confidence, gross domestic product is likely to advance 2.6% this year and 1.4% in 2023 ...

  Bloomberg Denmark broke European Union (EU) rules by letting local dairy producers market and export a white, crumbly cheese as “Feta” outside the region, the EU’s top court said. The European Commission, backed by Greece and Cyprus, sued Denmark in 2019 for failing to prevent or stop the “direct breach” of the European Union protection the name enjoys. Greece ...

  Bloomberg Volkswagen AG and other car markers risk violating European Union rules — and face more consumer claims — after the bloc’s top court said the use of IT meant to protect car components from damage at certain temperatures could be illegal. In a dispute stemming from the aftermath of the diesel scandal that roiled the German car giant, ...