After a week of voting, with plenty of inducements to get people to the polls, Russians have backed constitutional changes that could keep President Vladimir Putin in the Kremlin longer than Josef Stalin. With most precincts now counted, the Central Election Commission says 78% of voters came out in favour and turnout was 65%. It’s almost too impressive — given ...

You probably need only look inside your own pantry to have some idea of what a blockbuster spring it has been for the packaged food industry. General Mills Inc reported that organic sales, a measure that excludes currency fluctuations and other factors, shot up 16% in the quarter from a year earlier as people loaded up on Gold Medal flour, ...

While a world awash in a pandemic awaits a coronavirus vaccine, Gilead Sciences is bringing a treatment to market. Remdesivir is an experimental drug that may help Covid-19 patients recover more quickly — but it doesn’t immunise them. Its price tag is $600 for a series of six treatments for patients who live in developing countries where Gilead, to its ...

When New York City’s Covid-19 epidemic peaked in late March and early April, the city was reporting more than 5,000 new confirmed cases a day, and more than 60% of tests for the disease were coming back positive. In Arizona, which has a similar if somewhat smaller population (7.3 million versus 8.3 million), new cases are currently averaging about 3,000 ...

Bloomberg American Airlines Group Inc told flight attendants it has as many as 8,000 more of them than it needs, and said it would offer more leave programs and a voluntary separation package to try to minimise the need for furloughs. The airline also will reduce staffing on international and cross-country flights to the minimum required by federal regulations, plus ...

Bloomberg Grupo Aeromexico SAB, Mexico’s second-largest airline, filed for bankruptcy in the US, becoming the latest in a string of Latin American carriers to seek court protection after the Covid-19 pandemic caused a severe downturn in travel. The carrier will “continue operating and use Chapter 11 as a way to strengthen its financial position and liquidity,” according to a statement ...

Bloomberg Testing of the 737 Max jetliner’s revised flight-control systems by US regulators and Boeing Co wrapped up, laying the foundation for the plane’s possible return to service later this year. The tests concluded an important milestone in assessing the grounded aircraft’s safety, the Federal Aviation Administration said in a statement. “During three days of testing this week, FAA pilots ...

Bloomberg Airbus SE embarked on the most extensive restructuring in its history, setting out plans to cut 15,000 civil-aerospace jobs as it attempts to steer through the crisis brought on by the coronavirus pandemic. The European planemaker will eliminate more than 10,000 positions across its main bases in Germany and France, part of an 11% reduction in global headcount, according ...

Bloomberg Wizz Air Holdings Plc, Europe’s third-biggest discount airline, is attracting more passengers than long-time market leader Ryanair Holdings Plc as it races to restart flights following the easing of coronavirus lockdowns. Chief Executive Officer Jozsef Varadi has been building up operations faster than rivals, helped by Wizz’s focus on Eastern Europe, where the pandemic has had less of an ...

Bloomberg As Vladimir Putin surveys his resounding victory in this week’s national vote on constitutional changes that would allow him to rule until 2036, one Arctic region spoils the triumphant map. The remote Nenets Autonomous Region, an oil-rich swath of tundra about the size of Missouri that’s home to 42,000, was the only one in the official count to reject ...