Bloomberg Business

Royal Mail reported an operating loss of £1 billion ($1.25 billion) after the beleaguered delivery service endured a long dispute with a trade union.

Cisco Systems Inc., the largest maker of machines that run computer networks and the internet, said orders declined 23% in the past quarter, sending shares down despite a strong sales forecast that topped analysts’ projections.

An early heat wave is hitting Tokyo, providing a preview of what could become a sizzling summer.

European Central Bank Vice President Luis de Guindos said he’s particularly concerned about the accelerating inflation in service industries as policymakers weigh how much further to raise interest rates.

The Philippine central bank halted its most aggressive monetary tightening in two decades in a move it calls a “prudent pause” and signaled that the rate will likely be unchanged through the third quarter as growth slows and inflation cools.

A Japanese activist investor calling for changes at oil company Cosmo Energy Holdings Co. says the industry needs consolidation as the nation’s demand for fossil fuels declines.

EasyJet Plc is benefiting from higher ticket prices heading into the peak summer season as the low-cost carrier sets plans to capture a bigger share of the post-pandemic rebound in air travel.

Vietnam’s largest city is rolling out measures to conserve power as a spell of extremely hot and dry weather highlights the risks of the country’s heavy reliance on hydropower.

Whampoa Group, a prominent private family office in Singapore, plans to set up a digital bank in Bahrain whose services will include round-the-clock payments and settlement for digital-asset companies.

Singapore Airlines Ltd. will pay staff a bonus of around eight months’ salary after posting a record annual profit.