Bloomberg European Union member states backed a compromise to use permits from the bloc’s carbon market to help finance a shift away from Russian fossil fuels. Finance ministers gathering in Luxembourg approved a compromise plan drawn up by the Czech government, which holds the EU’s rotating presidency, to free up 20 billion euros ($19.8 billion) of carbon allowances. About 75% …

  Bloomberg Large retailers grappling with supply-chain snarls, inflation and increased automation are cracking down on orders from their vendors. Stores such as Walmart Inc. and Target Corp. have long fined suppliers that fail to deliver products on time, in the right amount or with the correct specifications. But after the pandemic allowed for some leeway, US retailers are now …

  Bloomberg Royal Jordanian Airlines has reached an agreement with Airbus to introduce 20 new factory-built A320neo family aircraft to its fleet, replacing the 13 A320ceo currently in service, the airline’s CEO Samer Majali said in an emailed statement. The move is part of the airline’s plan to increase its total fleet size from 24 to over 40 aircraft in …