Bloomberg Gazprom has written to its European clients seeking to reassure them that they can keep paying for gas without breaching sanctions, the latest indication that Russia may be trying to find a way to keep the gas flowing. European companies are scrambling to work out how they can keep buying Russian gas after Moscow demanded payments be made in ...

Bloomberg Among elevated metal prices, lithium stands out, as booming electric-vehicle sales send the battery component skyrocketing. Conspicuously, the world’s biggest mining company has no plans to join the rush. For BHP Group, the frenzied talk about looming lithium shortages in a clean-energy transition will fade given it’s one of the more abundant elements in nature. Ironically, given the silvery-white ...

The European Union (EU) is working toward a ban on imports of oil from Russia, as well as targeting the country’s wider trade through sanctions on shipping insurance. But it needs to realise that reducing Russia’s oil exports to zero is neither achievable nor desirable. Hungary, Slovakia and Croatia are already threatening the bloc’s unity over a proposal to phase ...

Is industrial demand still too hot for supply chains to handle, or starting to show signs of slowing down? As a volatile earnings season draws to a close, clarity is in shorter supply than semiconductors. Most manufacturers are still growing sales on a headline basis, but almost all that momentum in the first quarter came from price increases. Industrial companies ...

  California and Florida have a lot in common: Large populations, nice weather, beautiful beaches, celebrities, Disney theme parks, hundreds of thousands of acres of citrus orchards. When Covid-19 came to the US in early 2020, the two states reacted similarly, shutting down in-person schooling and indoor dining and urging residents to stay home. Through some combination of that quick ...

  First, it was the financial crisis. Then Brexit and the election of former US President Donald Trump. Next came a trade war and a pandemic. The war in Ukraine is only the latest event to trigger a wave of claims that globalisation is dead. Since the Russian invasion began, everyone from newspaper columnists to Wall Street luminaries such as ...

  Bloomberg The owners of Asda Group are considering piling debt onto the supermarket chain to raise the money to buy Boots, another fixture on UK high streets. Brothers Zuber and Mohsin Issa, alongside TDR Capital LLP, have discussed saddling the supermarket with as much as 4.5 billion pounds ($5.6 billion) of additional debt, on top of the multi-billion pound ...

Bloomberg A majority of Latam Airlines Group SA’s unsecured creditors have voted in favour of its proposed restructuring plan, easing the Chilean carrier’s path out of bankruptcy. About 65% of the low-ranking creditors voted to accept the plan, the company said in a statement, giving Latam a crucial level of support before asking its bankruptcy judge to sign off on ...

Bloomberg An airline group and a pilots’ association are ringing the alarms on Mexico City’s airspace, saying they’ve seen a worrying increase in ground proximity warning events since the space was redesigned last year. Benito Juarez International Airport recorded at least 17 such warnings since April 2021 as part of an alert system that notifies when planes are in danger ...

Bloomberg Adidas SE cut its profitability targets for this year and forecast a plunge in sales of sporting goods in China as the Covid Zero policy keeps stores shut. The company also said supply bottlenecks in Vietnam have reduced the availability of products, eroding sales. The shares fell as much as 6.8%, approaching a two-year low. A fifth of the ...