Monday, 4 July 2022

Brussels Airlines to cancel around 700 flights over summer holiday

Brussels Airlines to cancel around 700 flights over summer holiday

The Belgian subsidiary of Lufthansa , Brussels Airlines, is cancelling close to 700 flights over the summer holiday period, around 6% of those scheduled, to reduce workload and avoid strikes, the airline said on Monday.

How Macron's inflation relief law tests France's new political order

President Emmanuel Macron's government will get its first taste of life under France's new political order in the days ahead when it tables a bill to help households cope with runaway inflation without a controlling majority in parliament.

What is in France's new inflation-relief package

The French government is set to present a much-awaited package of inflation-relief measures on Wednesday in a first test of its ability to pass sorely needed legislation since it lost control of parliament.

Rogers, Shaw start Canada antitrust talks over blocked C$20 billion merger

Canada's antitrust authority, Rogers Communications and Shaw Communications will begin two-day negotiations on Monday to discuss possible remedies to the contested C$20 billion ($15.5 billion) takeover of Shaw by Rogers, as the July deadline for the deal closure looms.

EasyJet's chief operating officer resigns after flight cancellations

EasyJet's chief operating officer (COO) has stepped down after the airline cancelled thousands of flights this summer to try to limit the disruption caused to passengers from staff shortages in the air and on the ground.

China casts giant shadow over emerging nations' chase for debt relief

China is a dominant lender to many developing nations, but it has kept a low profile. Now, pressure is rising on China to take a more active role in helping strained economies overhaul their debt burdens.

Euro zone investor morale slumps on grim expectations - Sentix

Investor morale in the euro zone fell this month to its lowest level since May 2020, pointing to an "inevitable" recession in the 19-country currency bloc, a survey showed on Monday.

SAS warns survival at stake as pilots strike over wages

Wage talks between Scandinavian airline SAS and its pilots collapsed on Monday, triggering a strike that puts the future of the carrier at risk as the summer vacation period begins.

Others may reject Japan proposal on oil price cap, Kremlin says

Russia needs to wait and see how proposals on capping the price of Russian oil exports are finalised, Kremlin spokesman Dmitry Peskov told reporters on Monday.

Hacker claims to have stolen 1 bln records of Chinese citizens from police

A hacker has claimed to have procured a trove of personal information from the Shanghai police on one billion Chinese citizens, which tech experts say, if true, would be one of the biggest data breaches in history.

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