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REUTERS Reuters Business Original article: Peter Burgess COMMENTARY Peter Burgess | ||
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Reuters Business Reuters Business June 20th 2022 8:01 AM ------------------- Airport service providers could sue over flight caps, says Swissport boss Airports capping flight numbers this summer could face legal challenges from service providers to recoup costs after recruiting workers based on original schedules, the chief executive of aviation services company Swissport said on Monday. ------------------- High inflation expectations raise stakes for Bank of Canada ahead of CPI data The risk of inflation becoming entrenched in Canada's economy is growing, say analysts, as surging prices for gas and other highly visible consumer items undercut efforts by the Bank of Canada to keep expectations for price increases in check. ------------------- Qatar Airways warns industry 2050 net zero target challenging for airlines to meet Qatar Airways' chief executive said on Monday the industry's net-zero 2050 target, which was set last year, would be difficult for airlines to achieve. ------------------- Europe may shift back to coal as Russia turns down gas flows Europe's biggest Russian gas buyers were racing to find alternative fuel supplies and even looking at burning more coal to cope with reduced gas flows from Russia on Monday that threaten an energy crisis in winter if stores are not refilled. ------------------- Airlines confident of narrowing losses, lash out at governments Global airlines battered by COVID-19 seem confident of narrowing their losses and went on the offensive at an industry summit in Qatar, criticising governments and airports over their handling of the recovery from the pandemic. ------------------- What's new with the Fed's bank stress tests in 2022 The U.S. Federal Reserve will release the results of its annual bank health checks on Thursday. Under the 'stress test' exercise established following the 2007-2009 financial crisis, the Fed tests banks' balance sheets against a hypothetical severe economic downturn, the elements of which change annually. ------------------- U.S. banks expect a clean bill of health after Fed's stress tests Large U.S. banks are optimistic they will receive a clean bill of health from the Federal Reserve this week, freeing them up to distribute billions of dollars in excess capital to investors. ------------------- European food delivery firms face forecast cuts as inflation surges, says J.P. Morgan European food delivery companies will be forced to slash their forecasts in the second half of the year as record-high inflation and rising borrowing costs take a toll on consumers, analysts at J.P. Morgan said on Monday. ------------------- ABB blames 'challenging' market for delaying e-charging IPO again ABB has further delayed the planned flotation of its electric vehicle charging business, the Swiss engineering and technology company said on Monday, citing the turbulence unsettling stock markets. ------------------- ECB committed to act on fragmentation risks, Centeno says The European Central Bank is very determined and committed to act against the risk of fragmentation and is designing instruments as a deterrent to pressure on debt spreads, governing council member Mario Centeno said on Monday. ------------------- RELATED VIDEOS
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