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  Bloomberg Akasa, India’s newest airline, will conduct a proving flight with the country’s Directorate General of Civil Aviation as early as this week as it looks to start commercial services by around the end of July, CEO Vinay Dube said. Akasa, backed by billionaire Rakesh Jhunjhunwala, will likely receive its air operator’s certificate within days of the proving flight, ...

  Bloomberg Air India Ltd is considering hiring retired pilots, according to an airline official with knowledge of the matter, as the money-losing carrier seeks to bolster staff to prepare for one of the largest aircraft orders in commercial aviation history. The former state-run airline reached out to superannuated pilots, asking if they would be willing to opt for an ...

Bloomberg The leaders of Finland and Sweden are set to meet with Turkish President Recep Tayyip Erdogan on Tuesday in a bid to convince him to drop the objections to their membership in Nato. Finland’s President Sauli Niinisto and Swedish Prime Minister Magdalena Andersson are slated to meet Erdogan in Madrid, alongside Jens Stoltenberg, the secretary general of the North ...

  Bloomberg Russian President Vladimir Putin will travel to Tajikistan on Tuesday and later visit Turkmenistan for a summit of Caspian Sea nations, his spokesman said, in the first foreign trip by the Russian leader since the invasion of Ukraine in February. Putin will hold talks with Tajik President Emomali Rahmon in Dushanbe, Kremlin spokesman Dmitry Peskov said on a ...

  Bloomberg Geneva remains a “hotspot” for international espionage and the number of Russian agents operating there could grow from the “several dozen” there currently, Switzerland’s intelligence service said. “Recently, various European states have expelled Russian intelligence officers, which might lead the Russian services to deploy their forces in states, like Switzerland, which have not carried out any expulsions,” the ...

Bloomberg Boris Johnson describes the failed bid to remove him by rebels in his Conservative Party this month as a “fresh mandate” to carry on. That has frustrated his critics, who are now seeking alternative ways to oust him. Much of the focus is again on the 1922 Committee of rank-and-file Tory MPs, which oversaw the confidence vote three weeks ...

Bloomberg Ecuador’s congress postponed a vote on whether to impeach market-friendly President Guillermo Lasso until Tuesday after he announced fuel price cuts to appease protesters. The legislature ended a second consecutive night of debate over Lasso’s future in office without voting. The conservative former banker’s political struggles come on the back of two weeks of violent protests across the country ...

  Bloomberg As Russia’s invasion of Ukraine wreaks destruction on the fringes of the European Union, the bloc is poised to pull its newest member closer into the fold. Croatia, which joined the EU almost a decade ago, is on the verge of joining the Schengen zone — the passport-free area stretching from Norway’s Arctic coast to Spain’s Atlantic seaboard ...

  Bloomberg European Central Bank (ECB) policy makers gather on a Portuguese hillside on Monday with the sinking feeling that their rush to tackle the inflation shock they failed to forecast risks both a recession and echoes of the euro area’s sovereign debt crisis. As President Christine Lagarde and colleagues meet in the resort of Sintra for their version of ...

Bloomberg There’s a narrow path for the world’s central banks to stem rising inflation without tipping their economies into a recession, according to the head of the Bank for International Settlements (BIS). “There is a possibility that it can be pulled off without a major impact — with an impact on GDP but not going all the way to a ...