Bloomberg Lawmakers in Sweden and Finland are reviewing their $33 billion emergency backstop plans devised over the weekend to prevent utilities from defaulting after a fresh surge in energy prices. The two governments announced liquidity facilities made up of loans and credit guarantees to avoid some power companies going into technical defaults over climbing collateral requirements. The aim is to …

  Bloomberg Travellers alarmed at sky-high airfares this Christmas can add soaring fuel prices spurred in part by Russia’s weaponisation of its energy resources to the list of factors to blame. The price of jet fuel — which typically accounts for around a quarter of an airline’s total operational costs — is on a tear. The jump this year is …

  Bloomberg Laxman Narasimhan will take over as Starbucks Corp.’s chief executive officer with a long list of pressing tasks, from redesigning cafes to improving profitability. But perhaps none is as pressing as blunting a fast-spreading US union drive. It’s a tall order — especially for a leader without experience operating restaurants. Narasimhan, 55, is coming in from British consumer-goods …