British Airways parent IAG slows growth amid staff shortage
British Airways parent IAG SA reported worse-than-expected earnings and tempered plans to boost capacity after staffing shortages at London’s Heathrow airport slowed its U.K. expansion.
EU revises Russia oil ban plan to give Hungary more time
The European Union has proposed a revision to its Russia oil sanctions ban that would give Hungary and Slovakia an extra year, until the end…
Vietnam apparel plants struggle as China lockdowns hit supplies
Vietnam’s clothes and shoe factories are struggling to meet orders as supplies of Chinese material used to make everything from sneakers to pants are drying…
Food prices hold near record as Ukraine war upends trade
Global food prices held near a record as crop trade is disrupted by the war in Ukraine, exacerbating tight supplies and stoking inflation.
Russian energy ban would worsen U.K. inflation, BOE’s pill says
A full European embargo on Russian energy supplies will drive inflation in the U.K. even higher than the 40 year record that it is on…
Finland is severing oil ties with Russia, trade data shows
Finland managed to cut the amount of oil it imports from Russia just after the invasion of Ukraine started in late February.
Dubai Aerospace writes off $538 million on planes tied to Russia
The Middle East’s biggest plane-leasing firm wrote off half-a-billion dollars for aircraft stranded in Russia, after the Kremlin issued a law preventing foreign-owned jets from…
JAL sees return to profit as Japan moves to reopen borders
Japan Airlines Co. forecast a return to profit this year, betting on a pick-up in domestic and international travel as the nation signals it’s ready…
Many Japan, German Firms Still Shut Despite Shanghai’s Promises
The majority of Japanese factories in Shanghai are yet to resume any production and many German firms are still closed as well, with the city’s…
Any India curbs on wheat exports would hurt its neighbors most
Any restrictions on wheat exports by India will likely hurt neighboring countries like Bangladesh and Sri Lanka most, while some Middle Eastern and Asian markets…
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