Bloomberg Russia’s Gazprom PJSC will further cut gas supplies to Italy by about one third, the country’s energy giant Eni SpA said in a statement on Monday. Gazprom announced that it will supply Eni with approximately 21 million cubic meters of natural gas per day, compared to an average of about 32 million cubic meters per day over the ...

  Bloomberg Japan may ask households and businesses to cut back on natural gas use on the back of concerns that increase in global competition for the precious fuel will disrupt stable supply. A panel within Japan’s trade ministry called for discussion to create a framework that would allow the government to ask households and businesses to conserve gas when ...

In the specter of Shinzo Abe’s shocking assassination, the party to which he dedicated his life secured a resounding victory in the upper house election. Now Fumio Kishida, Abe’s sometimes rival, long-serving foreign minister and now successor, must use his mandate to secure what Abe never could: the ruling Liberal Democratic Party’s (LDP) long-held goal of constitutional reform. The 75-year-old ...

So far this year, US carriers have cancelled almost 3% of flights and delayed more than a fifth by an average of 48 minutes, according to data compiled by FlightAware. That compares with just more than 2% of flights cancelled by US carriers during the same stretch of 2019 and about 17% delayed — a reminder that flying wasn’t exactly ...

  Malaysia should be booming as manufacturers exit China. But it isn’t, and its own short-sighted labour policies are to blame. For decades, Malaysia served as an export manufacturing hub, boosted by location and access to low-cost migrant labour. Those migrants haven’t returned as the Covid-19 pandemic eased. According to a recent analysis by Reuters, as of June the country ...

  European natural gas prices are still well below the all-time high set in March. Dig a bit deeper, however, and they are signalling a more protracted disruption than markets anticipated in the immediate aftermath of Vladimir Putin’s invasion of Ukraine. While the gas market then priced in a short-lived crisis, lasting perhaps a couple of months, it’s now flashing ...

  Bloomberg It could be one of the world’s most expensive white elephants. Hong Kong opened its new, third runway at its airport, part of a HK$141.5 billion ($18 billion) project that will increase its footprint by 50%, adding 650 hectares (1,606 acres), equivalent to the size of Gibraltar. Also under construction is a HK$20 billion entertainment, retail and commercial ...

  Bloomberg Wizz Air Holdings Plc is cutting 5% of its capacity over the peak summer travel period to reduce the impact of a staffing crisis that’s plaguing the industry. The low-cost carrier’s reductions, announced in a statement, will add to travel disruptions across Europe after companies including British Airways, KLM and Deutsche Lufthansa AG scrapped flights as demand bounced ...

Bloomberg Two of Europe’s biggest airlines announced another round of cancellations, adding to the disruption turning the travel sector’s pandemic recovery summer into a nightmare. The Dutch arm of Air France-KLM plans to cancel as many as 20 round-trip flights to European destinations every day through the end of August. Deutsche Lufthansa AG said it will cancel 770 flights this ...

Bloomberg The cost of Lurpak butter is emerging as the new flash point in Britain’s cost-of-living crisis, requiring security tags in stores and spawning a controversy that’s placed its owner, Arla Foods, on the defensive. “We understand that recent inflation in food prices is hitting many households really hard,” an Arla spokesperson said by email after the dairy firm’s Lurpak ...