The oil market is desperately in need of demand destruction. Governments should either be encouraging behavioral changes such as using more public transportation or allowing expensive fuel to force consumers to change. Instead, industrialised countries are doing the opposite. Call it demand “construction.” From Germany to New Zealand, and from England to California, policymakers are either cutting taxes on ...

  Bloomberg At least one piece of the Boeing Co 737-800 that crashed in China appears to have broken loose well before impact, a finding that adds mystery to the plane’s fatal dive. The piece suspected to have come from the China Eastern Airlines Corp Ltd jet was found about 10 kilometres (6 miles) from the main wreckage area, Chinese ...

  Bloomberg India is expecting local air passenger traffic will surpass the pre-pandemic level within a year as fliers return, emboldened by a steep fall in new Covid-19 infections. “I am very confident in the days to come, in the months to come, within the next year, we will surpass the pre-Covid level” of 415,000 daily passengers, India Civil Aviation ...