Bloomberg BYD Co, the Chinese electric vehicle maker backed by Warren Buffett, is on the cusp of entering the trillion-yuan-market-cap club as its production resilience and the government’s consumption incentives helped spur a rally. Shares of the Shenzhen-based company have surged 66% since a March low through, which pushed its market valuation to around $142 billion. Further gains will …

  Bloomberg Stocks dropped on Wednesday on renewed worries about economic growth as monetary policy tightens in much of the world to fight inflation. European equities fall for the first time in four days with sentiment hurt by China remaining committed to its zero-Covid-19 approach. US contracts steadied after a tech-led slide hurt the S&P 500. The yield on German …

Bloomberg Deutsche Lufthansa AG management apologised for the disruptions and cancellations bedeviling the global aviation industry and cautioned the situation won’t improve in the near future as carriers and airports struggle to rebuild operations from the pandemic slump. In a letter sent overnight to customers, Europe’s biggest airline group laid out the causes of the chaos, from a lack of …