Bloomberg Indonesia’s government has filed corruption allegations against its flag carrier, adding to PT Garuda Indonesia’s woes as the airline undergoes a debt restructuring process. The Attorney General will investigate the file submitted by State-Owned Enterprises Minister Erick Thohir on Tuesday. The case is linked to Garuda’s procurement ATR 72-600 aircraft, although Thohir said there are indications of corruption …

  Bloomberg Ikea imposed a financial penalty on unvaccinated UK employees who miss work if they are ordered to self-isolate after coming into contact with someone with Covid-19. If these workers become ill with the virus themselves, however, they will still receive sick pay as normal, Ikea said in a statement to Bloomberg. The changes, which came into effect in …

  Bloomberg British Airways, Virgin Atlantic Airways Ltd and TUI AG reported surging interest in long-haul travel after Britain last week scaled back coronavirus testing requirements that had acted as a barrier to sales. Package-holiday giant TUI said bookings soared almost immediately on the policy change. British Airways Holidays, meanwhile, saw searches jump nearly 40% compared with the final week …

Bloomberg Delta Air Lines Inc. has hired a JetBlue Airways Corp. executive who played a key role in the development of an alliance with American Airlines Group Inc. that has taken aim at rivals in the northeastern US Scott Laurence will join Delta as vice president of network planning on January 18, the Atlanta-based carrier said in a statement Monday. …

  Bloomberg European stocks bounced back from their biggest decline in six weeks as Treasury yields steadied a day before a key American inflation reading. Technology stocks led the advance in the Stoxx Europe 600 Index after the tech-heavy Nasdaq 100 recovered following four negative sessions. US futures edged higher. Benchmark Treasury yields stabilised near 1.75% after reaching 1.8% in …

  Bloomberg Japan’s largest exchange operator disclosed the components of three new market sections on Tuesday, but the long-awaited shake-up of the country’s sluggish stock market is attracting more skepticism than excitement. Japan Exchange Group Inc said 1,841 constituents would make up the new “Prime” section of the Tokyo Stock Exchange, which will replace the current First Section of companies …

  Bloomberg Moderna Inc said it has signed vaccine purchase agreements worth $18.5 billion for this year, along with options for another $3.5 billion, including booster shots. In a statement on Monday, the company also said 2021 product sales would be $17.5 billion, slightly higher than the average analyst estimate of $17 billion, according to data compiled by Bloomberg. Additionally, …

  Bloomberg Oil fluctuated after recording the biggest weekly gain in a month as supplies returned in Libya and Kazakhstan, and investors tracked China’s handling of its first community spread of omicron. Brent crude was narrowly higher after swinging between gains and losses. The global benchmark rises more than 5% last week and touched $83 a barrel, the highest level …

  Bloomberg BHP Group will buy a minority stake in a Tanzanian nickel project as the world’s biggest miner seeks to expand in commodities that will be central to the green-energy transition. BHP’s investment in Kabanga Nickel Ltd. comes less than a month after the commodities giant bowed out of a bidding war for Noront Resources Ltd., which owns nickel …

  Bloomberg A “colossal” investment in nuclear energy will be needed over the next 30 years to meet the European Union’s emissions reduction targets and growing demand for electricity, the bloc’s internal market chief Thierry Breton said. Existing nuclear plants need 50 billion euros of investment through to 2030, while the next generation will require 500 billion euros ($568 billion) …