As summer fades, China’s consumers have grown increasingly cautious. Strict Covid measures are one reason; another is a recent government crackdown on everything from property markets to private tutoring. Retail-sales growth slowed to 2.5% in August from a year ago, much lower than analysts had expected. Restaurants and other service businesses faced even steeper declines. Yet China hasn’t totally lost ...

It’s been less than two weeks since President Joe Biden said the federal government would throw its weight behind new Covid-19 vaccine and testing mandates for corporate America. And there are already signs of progress. Last week, Biden hosted some of the country’s top business leaders at the White House to discuss the push. Afterward, Walgreens Boots Alliance Inc and ...

Hong Kong has had its first taste of the remodeled electoral system that China designed for the city. As an exercise in competitive politics, the vote had all the suspense and spontaneity of a Soviet military parade, though with fewer people. All the same, Beijing has reason to be satisfied with the outcome. The ballot was to fill about a ...

Bloomberg Vietnam’s Bamboo Airways JSC will outfit its new Boeing Co 787-9 Dreamliners with engines made by a General Electric Co venture in a deal valued at around $2 billion, according to Bamboo Airways Chief Executive Officer Dang Tat Thang. The signing of the agreement will be witnessed by Vietnamese President Nguyen Xuan Phuc during his trip to New York ...

Bloomberg JetBlue Airways Corp Chief Executive Officer Robin Hayes defended the airline’s alliance with American Airlines Group Inc, saying the US Justice Department doesn’t have evidence to support allegations that it is anti-competitive. The so-called Northeast Alliance (NEA) has increased competition in the New York area and Boston, Hayes said in an interview. He pointed to additional domestic flying by ...

Bloomberg Walmart Inc will spotlight particularly healthy or sustainable products with a new “Built for Better” tag on its website, an attempt to entice shoppers who want to vote for better nutrition and environmental stewardship with their wallets. The initiative will start with almost 2,000 items, the world’s biggest retailer said on Tuesday, and the number is set to grow. ...

Bloomberg Europe’s biggest trans-Atlantic airlines and airports reacted jubilantly to a US move allowing most vaccinated foreigners to enter the country, ending a ban that’s been in place since March 2020. Shares of British Airways (BA) parent IAG SA, Air France-KLM and Deutsche Lufthansa AG all surged following the announcement, which made clear those without Covid-19 inoculations will still be ...

Bloomberg Amazon.com Inc said it has added 86 new signatories to its Climate Pledge, expanding the number of companies that commit to aggressively reducing carbon emissions. There are now more than 200 global brands, including Nespresso, ASOS Plc, Procter & Gamble Co, HP Inc and Salesforce.com Inc, as well as three new signatories in India, who have committed to cutting ...

Bloomberg EasyJet Plc said governments need to get behind zero-emission aircraft including hydrogen-powered models envisaged by Airbus SE if they’re to become a reality by the 2030s. Airlines that operate such planes should benefit from tax breaks and reduced airspace and airport charges, while state support will be key in developing hydrogen supplies and infrastructure, EasyJet Chief Executive Officer Johan ...

Bloomberg Prime Minister Justin Trudeau won a third term in Canada’s snap election though fell short of regaining the majority he was seeking, forcing him to rely on smaller parties in another fragmented parliament. Trudeau’s Liberal Party was elected or leading in 158 of the 338 seats in the House of Commons, with 99% of the polls reporting. That’s one ...