Bloomberg The global surge in the cost of fuel is starting to weigh on demand, according to the world’s biggest independent oil trader. Consumers are being hit by the run-up in gasoline, diesel and other oil products, Mike Muller, head of Asia at Vitol Group, said on Sunday on a podcast. “There’s very clear evidence out there of economic stress ...

The Jumbo Floating Restaurant, a landmark attraction built in the style of an imperial palace that adorned the south side of Hong Kong island for more than four decades, capsized this month in the South China Sea, having been towed away after its business was rendered unprofitable by the pandemic. Social media users were quick to see a metaphor. As ...

The idea of time travel is an old British preoccupation, from H.G. Wells’s 1895 novel to the seemingly immortal television series “Doctor Who,” which first aired in 1963, the year before I was born. Although I didn’t travel by Tardis or encounter any murderous Daleks, returning to my native land last month felt more than usually like a “Doctor Who” ...

  Rather as the US is an outlier among developed countries in equating freedom with gun ownership, Germany is almost unique in defining liberty as the absence of speed limits on the autobahn. That mentality, however, is now slamming into the imperative to save energy, which is in turn part of the West’s common effort to resist the warmongering of ...

  For decades, US companies have been making a significant omission in their financial statements: They’ve failed to recognize and disclose the full cost of climate change. This matters not only for the planet’s future, but also for investors today. It makes some businesses look more profitable than they really are, and it prevents others from realizing the value of ...

Bloomberg Airbus SE won one of its biggest-ever orders for 292 airliners worth more than $37 billion from four Chinese airlines, a coup for the European manufacturer as it tussles with Boeing Co. for dominance in Asia’s largest economy. China Eastern Airlines Corp. will buy 100 A320neo narrow-body jets, while Air China Ltd. will take 64 units, with its Shenzhen ...

Bloomberg Air fares are “too cheap” and will need to rise for the next five years for airlines to remain competitive, Ryanair Chief Executive Officer Michael O’Leary told the Financial Times in an interview. Ryanair under O’Leary pioneered the era of budget travel, offering cheap tickets that made air travel accessible to millions, while putting pressure on the profit margins ...

Bloomberg American Airlines Group Inc. said it doesn’t expect any operation impact from a temporary glitch that had allowed pilots to drop thousands of flight hours. A “technical glitch” in AA’s pilot scheduling system led to more than 37,000 of flying hours in July to be dropped into open time, according to a statement by Allied Pilots Association President Ed ...

Bloomberg UK shoppers seeking to avoid higher bills at the checkout are running out of options after prices on more than half of supermarket items rise in the past year. Some 22,000 products offered by Britain’s four biggest grocers became costlier since last June, data from retail research firm Assosia shows. That includes a 35% surge in Heinz Tomato Ketchup ...

  Bloomberg The British government is speeding up national security checks for new airport workers to address post-pandemic staffing shortages that have contributed to chaos for travelers in the UK and across Europe. The UK has accelerated the vetting process that all new aviation recruits must undergo, with accreditation checks being completed in around five days on average and counter-terrorist ...