Bloomberg The jet fuel market is soaring in Europe as global air traffic withstands the impact of the Omicron virus strain. One of the fuel’s most important market metrics, its differential to diesel, on Friday surged to its highest since September 2019 — long before Covid-19 decimated the continent’s aviation industry. “We’re tight supply everywhere,” said Mark Williams, an oil ...

  Bloomberg Andrew Robb, former chief operating officer of New York-listed fashion company Farfetch Ltd, is among the candidates being considered to lead Asos Plc, Sky News reported. Former Asos CEO Nick Beighton stepped down in October. Asos declined to comment to Sky, and Robb couldn’t be reached by Sky for comment. Last week, Asos announced a plan to move ...

  Bloomberg Walmart Inc is preparing to create its own cryptocurrency and collection of non-fungible tokens, filings with the US Patent and Trademark Office show, setting the stage for meeting its customers in the emerging metaverse. The retailer sought several new trademarks in December that show it intends to make and sell virtual goods such as electronics, decor, toys, sporting ...

  Bloomberg Amazon.com Inc has made a last-minute reversal to its plan to ban the use of Visa Inc.’s credit cards issued in the UK. The e-commerce firm emailed UK customers on Monday to say that the ban — set for Wednesday — will no longer take place. Amazon had previously said it was taking this step because of the ...

  Bloomberg North Korea test-launched two suspected ballistic missiles on Monday in its fourth rocket volley this year, turning up pressure on the Biden administration with its biggest string of tests since August 2019. South Korea’s military said North Korea fired what appeared to be two ballistic missiles into waters off its east coast at 8:50 and 8:54 am that ...

  Bloomberg Serbia took a step closer to joining the European Union as voters in the Balkan nation decided to change the constitution to create a more independent judiciary in line with the 27-member bloc’s standards. Shielding judges and prosecutors from political influence is a key step in aligning the former Yugoslav republic’s laws with the EU. Almost 62% of ...

  Bloomberg Australia’s opposition leader Anthony Albanese said the government needs to respond to Beijing in a way that is strong but also diplomatic, toughening his stance on China in the lead up to the 2022 elections. The Chinese government’s “posture in the region” had changed in recent years and is responsible for the worsening relationship with Australia, Albanese, the ...

  Bloomberg Former Ukrainian President Petro Poroshenko arrived back in Kyiv on Monday to fight charges of treason, accusing his successor of crossing a “red line” with allegations that he denies. The legal standoff with a former head of state injects a level of political instability in the region as Russia amasses troops on Ukraine’s eastern frontier, a move that’s ...

  Bloomberg Boris Johnson faces another bruising week, with his future as UK prime minister in the balance amid a furious public backlash over rule-breaking parties at his Downing Street office. Six lawmakers in the governing Conservative Party have already called on Johnson to resign over allegations of alcohol-fueled get-togethers involving Downing Street staff when the country was in lockdown. ...

  Bloomberg President Cyril Ramaphosa urged South Africans to safeguard against attacks on the independence and integrity of the judiciary, a week after one of his cabinet ministers criticized the nation’s top judges as “mentally colonized.” “We need to protect our Constitution, our democratic state and the electoral process from anyone who wants to weaken our democracy and deny the ...