The oil market is screaming at consumers to rein in their use of fuel. Governments are doing everything they can to have us to buy, buy, buy. But there can only be one winner in this battle, and it won’t be our elected representatives — or us. In March, just after the UK government announced a year-long cut in ...

Bloomberg Hours after President Vladimir Putin announced Russia’s invasion of Ukraine, Aeroflot PJSC’s top executives gathered at the airline’s headquarters down the street from the Kremlin. In the official part of the surreal board meeting, they discussed the flagship Russian carrier’s budget without mentioning the war or any risks it might create, according to two people familiar with the proceedings ...

Bloomberg Airbus SE’s corporate-jet division is more optimistic about prospects for this year, even as the Russia-Ukraine conflict and Chinese coronavirus lockdowns weigh on sales. The European planemaker had a slow couple of years for orders for its newest business-jet model during the Covid-19 pandemic, with almost all work travel curtailed. The corporate version of the A220 was launched in ...

  Bloomberg Jet Airways India Ltd, the erstwhile bankrupt carrier undergoing a court-monitored resolution, is expecting to return to the skies in the quarter to September as competition in India’s cutthroat air travel market intensifies with new entrants. Jet Airways got its flying license from the Directorate General of Civil Aviation (DGCA) after successful proving flights — or test flights ...

  Bloomberg After almost four decades spent targeting London’s office workers with upscale fare like salmon and avocado protein pots, Pret A Manger Ltd is taking aim at a different clientele: suburban Brits facing the worst cost-of-living crisis since the Thatcher era. As the sandwich chain expands across the UK, where prices are climbing at the fastest pace since 1982, ...

  Bloomberg China Eastern Airlines Corp outlined several actions it needs to undertake before operating Boeing Co’s 737 Max again, including modifications to the aircraft and further pilot training, damping hopes the narrowbody will return to Chinese skies any time soon. Li Yangmin, vice chairman of the Shanghai-based state-owned carrier, indicated to investors at a virtual briefing that the airline ...

Bloomberg J M Smucker Co is recalling some Jif peanut butter products sold in the US and Canada because of potential Salmonella contamination. The Orrville, Ohio-based company expanded its recall of the popular brand of peanut butter products to Canada, a day after announcing a voluntary recall in the US. Consumers that have various crunchy, creamy and squeeze products should ...

Bloomberg US President Joe Biden said that he wasn’t concerned about the possibility of North Korea holding a nuclear test while he’s in Asia. “We are prepared for anything North Korea does,” Biden told reporters in Seoul. “We’ve thought through how we’d respond to whatever they do, and so I am not concerned.” US intelligence has shown that North Korean ...

Bloomberg Poland’s president said he “will not rest until Ukraine becomes a full-fledged member” of the EU as he addressed lawmakers in Kyiv and met with President Volodymyr Zelenskiy. President Recep Tayyip Erdogan spoke with Nato chief Jens Stoltenberg and the leaders of Finland and Sweden, reiterating his reservations about the Nordic nations’ bids to join the military alliance. President ...

Bloomberg Recently ousted Pakistani Prime Minister Imran Khan asked his supporters to march on Islamabad, the nation’s capital, for a sit-in on May 25 as a way to press the government to quit and call new elections. Khan’s move is likely to fuel further political instability in a country already facing an economic crisis from rising inflation. At a press ...