Bloomberg Australian retail sales declined for the first time this year in October, suggesting that households are finally beginning to feel the strain of faster inflation and rising interest rates. Sales dropped 0.2% from September, confounding economists’ estimates for a 0.5% gain, Australian Bureau of Statistics (ABS) data showed on Monday. No one predicted a decline, with Commonwealth Bank …

  Bloomberg EasyJet Plc and Rolls-Royce Holdings Plc said they successfully tested a converted jet engine running on hydrogen for the first time, as the aviation industry takes steps to move to alternative fuels and reduce green-house emissions. The test was conducted with a converted Rolls-Royce AE 2100-A regional jet engine using hydrogen created by wind and tidal power, EasyJet said. …

  Bloomberg South Korea is continuing with efforts to ease strains in its credit market, with local financial firms making a second round of contribution to a key bond stabilisation fund redeployed in October. The companies will inject an additional 5 trillion won ($3.7 billion) into the fund between December and January, according to the Finance Ministry. The Bank of …