Bloomberg Aldi’s UK supermarkets faced a rush of customers as it quickly sold out of an £1.99 ($2.40) energy drink launched by YouTube stars Logan Paul and KSI. Long queues formed outside the budget grocer’s stores amid a craze for the drink, called Prime, which can sell for over £10 a bottle online. “As with all our Specialbuys, Prime ...

Bloomberg The Philippines said hundreds of flights were cancelled or diverted after technical issues related to air traffic navigation, with planes on other international routes also prevented from passing through its airspace. There were no commercial flights in the Philippines on Sunday, according to a tweet by Flightradar24, which tracks air traffic. More than 280 local flights were either delayed, ...

  Bloomberg A Chinese fighter plane flew within 20 feet (6 metres) of a US Air Force reconnaissance aircraft over the South China Sea in what the US Indo-Pacific Command called “an unsafe maneuver.” The unusually close encounter happened on December 21 but wasn’t disclosed until later, when the command issued a statement after verifying the details and getting approval ...

Bloomberg Chancellor Olaf Scholz urged citizens to continue their energy-saving drive and said Germany’s new floating LNG terminals will make Europe independent of Russian gas for the long term. In his New Year’s address to the nation, Scholz acknowledged that the energy crisis triggered by Vladimir Putin’s invasion of Ukraine was a “tough test” for the continent’s biggest economy. But ...

  Bloomberg President-elect Luiz Inacio Lula da Silva has selected a senator and former Petrobras official to lead Brazil’s state-controlled oil giant with the aim of turning it into a renewable energy powerhouse. Jean Paul Prates, a senator for Lula’s Workers’ Party, confirmed Lula’s invitation in a note sent from his press office. Moments later, Lula congratulated Prates on Twitter, ...

  Bloomberg Power plants that burn coal and natural gas to produce electricity had significant drops in generation as a winter storm hit the US Southeast, forcing blackouts that left hundreds of thousands in the dark. Duke Energy Corp. and the Tennessee Valley Authority cut power to homes and businesses during the holiday season as an extreme winter storm pummeled ...

Bloomberg South Africa’s state-owned power company, Eskom Holdings SOC Ltd., will carry on cutting 2,000 megawatts of electricity from the national grid indefinitely due to the breakdown of five generating units, reversing plans to suspend the outages on New Year’s Eve, the utility said in a text message. Eskom has cut power on a record 205 days this year, with ...

Bloomberg China’s abrupt reversal of its Covid Zero policy pushed economic activity — its service sector in particular — to the slowest pace since February 2020, as the virus swept through major cities and prompted people to stay home and businesses to shut. The official manufacturing purchasing managers index fell to 47 this month from November’s 48, the National Bureau ...

Bloomberg Tesla Inc is starting 2023 as it ended 2022: with incentives aimed at propping up sales in China. The carmaker is offering Model 3 sedan and Model Y sport utility vehicle buyers as much as 10,000 yuan ($1,450) if they take delivery by February 28, according to Tesla’s website. The company is extending a 6,000-yuan subsidy it started offering ...

  Bloomberg The Taiwanese government is planning to deploy NT$380 billion ($12.4 billion) of funds to support the local economy and combat inflation amid global uncertainties, the presidential office said. Some of the funds, which come from higher-than-expected tax revenue this year, will be used to meet a shortfall in the labor and health insurance system and to provide subsidies ...