Bloomberg The world’s two largest copper producers are giving metal markets even more reason to fear supply disruptions that have helped send prices to the highest in a year. Peru, the second-largest copper miner, is taking longer than expected to ramp up mines after a two-month lockdown as workers fall ill, a top official said. At the same time, workers ...

The world will not be rid of Covid-19 until we have a safe and effective vaccine available to everyone. We will not recover from the far-reaching economic impact of the pandemic without a new social compact between governments and citizens based on transparent, accountable and trustworthy governance. Every day that the crisis continues, the value of more open government becomes ...

Few aerospace companies have been left unscarred by Covid-19, but those that were struggling even before the pandemic are experiencing a unique kind of hell. Boeing Co was already up against it after grounding its 737 Max jets and it’s expected to burn through as much as $16 billion of cash this year. Among suppliers, few were as vulnerable going ...

Adversity presents opportunities, even in a pandemic. In a changed world, prices that used to be non-negotiable are suddenly open for bargaining. Financial hardship or uncertainty gives some Americans new leverage to negotiate the costs of some of their biggest expenditures. For others, an expectation of lower-quality products or diminished services opens doors to price reductions or concessions. Buyer’s markets ...

Presidential candidate and former Vice President Joe Biden has just released a major industrial policy plan for reviving US manufacturing. The proposal is the first in a four-part series called Build Back Better, which will also address economic recovery, infrastructure, clean energy, racial equity, and modernisation of healthcare, child care and elder care. Biden’s plan should immediately make one thing ...

Bloomberg Breeze Aviation Group Inc, a startup airline planned by JetBlue founder David Neeleman, is seeking to buy a defunct carrier’s operating certificate with an aim toward starting service in October. Breeze plans to start charter flights October 15, according to a regulatory filing. If regulators approve, Breeze plans to begin scheduled service next May. It will base charter operations ...

Bloomberg The US entity of Japanese retailer Muji, known for its minimalist home goods, filed for bankruptcy, adding to a growing list of industry companies reeling from the Covid-19 pandemic. Muji USA Ltd which is operated by Ryohin Keikaku Co, filed for Chapter 11 in Delaware, according to a filing. It listed assets and liabilities in the range of $50 ...

Bloomberg Pakistan’s national airline has been barred from flying to the US as a result of a scandal in which almost one-third of the nation’s pilots were found to have faked certifications. The US Transportation Department notified Pakistan International Airlines Corp.’s lawyers in Washington that its authorisation to operate to U.S. destinations was being immediately suspended. The department released a ...

Bloomberg JetBlue Airways Corp will make Los Angeles International its primary base in Southern California, abandoning Long Beach Airport after years of tension. Daily flights will double to 70 by 2025 as part of a five-year expansion plan at Los Angeles International, or LAX, the airline said in a statement. The carrier will add domestic and international flights as it ...

Bloomberg An Iranian air defense unit that “forgot” to adjust its radar system triggered a chain of communication and human errors that led to the deadly downing of a Ukrainian passenger jet in January, according to a report from Iran’s Civil Aviation Organization (CAO). Iran said it mistakenly shot down Ukraine International Airlines Flight 752 shortly after take-off, killing all ...