Bloomberg Oil rises as traders assessed the outlook for demand amid the rapid spread of omicron. Futures in London climbed above $72 a barrel in a volatile trading session on Tuesday, having fallen about 5% over the past two days. The new virus variant accounted for 73% of all Covid-19 infections in the US last week, but city traffic …

  Bloomberg Electricity prices surged to a fresh record as France scrambled to keep its lights on, sucking up supplies from the rest of Europe. France, usually an exporter of power, is boosting electricity imports and even burning fuel oil. The crunch comes after Electricite de France SA said it would halt four reactors accounting for 10% of the nation’s …

  Bloomberg Chinese solar companies are gradually shifting the country’s solar supply chain away from Xinjiang as the US increases its scrutiny of the region. Daqo New Energy Corp, which operates a massive polysilicon factory in the western China region, announced it would build a second, larger facility in Inner Mongolia. That’s part of a broader movement. Just 15% of …

  Bloomberg Snapdeal Ltd, the Indian e-commerce startup backed by SoftBank Group Corp, filed preliminary documents for an initial public offering, adding to the rush of tech companies looking to debut on the country’s exchanges amid a record-breaking stock market rally. The New Delhi-headquartered company plans to raise 12.5 billion rupees ($165 million) through the sale of new shares, according …

  Bloomberg Airlines ordering single-aisle jets from Airbus SE may have to wait as long as 2025 for deliveries due to supply constraints, the FT reported. Current delivery slots for larger orders are “by and large” around 2024 to 2025, Christian Scherer, the company’s chief commercial officer, said. “There is a supply constraint for the most desirable assets out there,” …

  Bloomberg Europe’s travel and leisure stocks took a fresh beating amid concern about a tightening of pandemic restrictions over the key Christmas period to stem the spread of the omicron Covid-19 variant. The Stoxx Travel and Leisure index fell as much as 3.4% in early trading, the most since worries about the new strain emerged last month, with airlines …

  Bloomberg Target is an early winner of the US holiday shopping season. The big-box chain increased sales approximately 10% in November, according to Bloomberg Second Measure, which analyses anonymised US consumer transactions to measure revenue. The retailer’s gains doubled the rate of top rivals Walmart and Amazon. Of course, December could be a different story with the arrival of …

  Bloomberg McDonald’s Holdings Co Japan will only offer french fries in small sizes after flooding at a Vancouver port and the coronavirus pandemic have cut off supplies of one of its key offerings. While the fast-food chain is trying to address the problem with alternative flights and is cooperating with suppliers and importers, it will only offer small-size french …

  Bloomberg Airline startup Norse Atlantic ASA took delivery of the first of a fleet of Boeing Co 787 Dreamliner jets ahead of a planned beginning of transatlantic flights in spring 2022. The carrier, led by shipping entrepreneur Bjorn Tore Larsen, will continue to receive as many as 15 of the planes through April and they will be based in …

  Bloomberg Bank of Montreal (BMO) agreed to buy BNP Paribas SA’s Bank of the West unit for $16.3 billion, extending its presence in key US growth markets and giving the French lender a windfall before its new strategic plan. BMO will fund the transaction, which should add 1.8 million customers upon closing next year, in cash and mainly with …