Bloomberg Russia halted gas flows to Poland and Bulgaria in a major escalation, and said it will keep supplies switched off until the two countries agree to Moscow’s demands to pay for the fuel in rubles. European gas prices surged 20% on Russia’s sudden move to turn its vast energy resources into a weapon against Ukraine’s allies. But prices later …

Bloomberg J Sainsbury Plc said profit will fall this year as normal shopping habits return following the end of lockdowns and as shoppers feel squeezed by the higher cost of living. The supermarket chain forecast underlying profit before tax of 630 million pounds ($788 million) to 690 million pounds in the year through March, citing “significant external pressures and uncertainties.” …

  Bloomberg Airbus SE has agreed on a partnership with Italy’s ITA Airways that will see the two companies work together towards eventual deployment of the planemaker’s CityAirbus NextGen flying taxi in the country. A memorandum of understanding details cooperation in areas including recruitment of local partners, identification of markets and the creation of pilot projects, the companies said in …