Bloomberg Oil was poised for a third weekly gain as demand remained resilient while supplies are frayed across the Opec+ coalition and beyond. Futures increased again on Friday to trade near $80 a barrel in New York, bringing this week’s increase to almost 7%. Kazakhstan’s biggest oil producer has altered output at the giant Tengiz field following protests in …

  Bloomberg Taiwan exports extended their double-digit growth for a tenth month, with shipments from the island in 2021 smashing all records due to soaring demand for technology products and components. Overseas shipments in December grew 23.4% from a year earlier to $40.7 billion, according to a statement from Taiwan’s Ministry of Finance Friday. Exports in 2021 were a record …

  Bloomberg Royal Dutch Shell Plc said its natural gas trading business overcame supply disruptions to post “significantly higher” earnings for the fourth quarter, but the unit that buys and sells oil fared much worse. It’s the latest in a series of mixed performances from an energy giant that’s under pressure on all sides from activist investors, to pension funds …

  Bloomberg Greece is extending measures designed to help households and businesses pay their power and gas bills in January as the surge in energy prices shows no sign of let up. “The government will support households, farmers and also businesses against the global turmoil in energy prices for another month,” Prime Minister Kyriakos Mitsotakis said on Friday. While the …

  Bloomberg Airbus SE is facing a 300 million euro ($340 million) lawsuit from a group of investors over allegations it failed to properly disclose a sprawling corruption scandal and subsequent settlement. The lawsuit, filed in the Netherlands, was served against the French aircraft maker, its auditors as well as current and former executives, according to an emailed statement sent …

  Bloomberg Renewed retail investor demand and quarterly results from Bed Bath & Beyond Inc. weren’t enough to lift beaten down meme stocks as the group resumed declines after a volatile session. A basket of so-called meme stocks tracked by Bloomberg extended a three-day losing streak even as Bed Bath & Beyond jumped 8% after its adjusted gross margin in …

  Bloomberg Walmart Inc. is cutting paid leave in half for workers who test positive for Covid-19 or have to quarantine after exposure to the virus, offering only one week through March 31 rather than two. Employees who catch Covid and are unable to return to work after a week may be eligible for pay replacement for as long as …

  Bloomberg Alaska Airlines cut 10% of its remaining January flight schedule as an “unprecedented” level of employees unable to work because of the Omicron coronavirus variant undercut its ability to operate reliably. “Right now, we need to build more reliability back into our operation as we deal with the impacts of Omicron and during a time when guests generally …

  Bloomberg The highly contagious Omicron virus variant is disrupting already stressed food supply chains, sickening so many workers that more shortages at grocery stores are all but certain. Supermarkets have been struggling to keep food fully stocked throughout the pandemic as a result of labor shortfalls in every part of the food system, from farms to manufacturers to distributors. …

  Bloomberg Toronto, a city of more than 6.5 million people, has just 3,200 homes left for sale to start the year after a real-estate frenzy fuelled by low interest rates drove the market to record levels. More than 121,000 homes were sold in Canada’s biggest city in 2021, up 28% from the previous year and smashing the previous high …