Bloomberg Chevron Corp committed for the first time to an aspiration of net zero emissions from its operations by 2050 as the company responded to rising investor and societal pressure to play a bigger role in a transition to a low-carbon future. Chevron is also incorporating its customers’ emissions into some of its goals, the San Ramon, California-based company said ...

Bloomberg London Heathrow airport called on the UK to mandate the use of sustainable aviation fuels (SAF) to help the industry lower carbon emissions while fending off pressure from climate groups to curtail air travel. The hub is also seeking other policies that would scale up the production of SAF in the country, including a price-support mechanism and loan guarantees, ...

Bloomberg The UK is facing a pilot shortage that could hamper the reopening of the travel industry, after hundreds of aircrew took early retirement or changed career during the pandemic, the Telegraph reported. The number of pilots who retired during the pandemic is believed to be at least double the usual levels, the newspaper said, citing sources in the aviation ...

Bloomberg Singapore Airlines Ltd’s website was temporarily down over the weekend and travel agencies are seeing a surge in demand for flights after the city-state announced a plan to start quarantine-free travel with more countries as early as next week. Inquiries jumped more than five times the usual on Chan Brothers Travel’s website, according to the travel agent’s senior marketing ...

Bloomberg Southwest Airlines Co cancelled more than a quarter of its scheduled flights, citing issues with air traffic control and disruptive weather as it works to resume normal operations. Some 1,018 flights — 28% of Southwest’s total for the day — were cancelled by the Dallas-based carrier as of 4:15 pm New York time on on October 10, according to ...

Bloomberg Dolce & Gabbana (D & G) plans to remain independent to preserve its creative freedom, even as the Italian fashion house claws back sales lost to the pandemic and a bungled ad campaign in China. The privately held label is a favourite of investment bankers looking to drum up interest in a potential deal, but the Milan-based company has ...

Bloomberg Ideal Image, which provides services including laser hair removal, botox and skin lifts, is exploring a US initial public offering, according to people with knowledge of the matter. The company, which is majority-owned by private equity firm L Catterton, is working with advisers ahead of a potential listing that could occur as soon as this year, the people said. ...

Bloomberg China drained the most short-term liquidity from the banking system in a year on a net basis as it reduced support after a week-long holiday. Government bond futures slid by the most since August. The People’s Bank of China (PBOC) offered 10 billion yuan ($1.6 billion) of short-term funds to lenders, resulting in a net liquidity withdrawal of 330 ...

Bloomberg Two Bank of England (BOE) officials moved to reinforce signals of an imminent rise in UK interest rates to curb inflation, with one telling households to brace for a “significantly earlier” increase than previously thought. Michael Saunders, one of the most hawkish members of the Monetary Policy Committee, suggested in remarks that investors were right to bring forward bets ...

Bloomberg India’s central bank surprised markets by suspending its version of quantitative easing, signalling the start of tapering pandemic-era stimulus measures as an economic recovery takes hold. There’s no need for further bond-buying, Reserve Bank of India (RBI) Governor Shaktikanta Das said in an online broadcast, while stressing the step is not a reversal of its accommodative policy stance. The ...