The global trade in the cheapest foods is grinding to a halt. In April, Indonesia temporarily banned exports of palm oil, cutting off India from one of its biggest sources of imported nutrition. India, in its turn last month, set a ceiling on exports of sugar, helping to keep more calories in the domestic market. Sugar is now hovering ...

  The most significant event in China was the gaokao — the annual two-day national exam to qualify for college. Anxious parents wait while their children go through the nine-hour ordeal. Those with younger kids sift through the test questions — published once the exams are over — preparing their offspring for the inevitable. As for couples considering starting a ...

  Bloomberg Finnair Oyj, the hardest-hit among European airlines from the closing of Russian airspace, is planning an overhaul of its strategy that would see a smaller operation pivoting westward. “As a first step, the first response when we are reviewing our strategy on the back of the Russian airspace closure, we have pivoted our network to the west, and ...

Bloomberg Deutsche Lufthansa AG cancelled hundreds of summer flights due to staff shortages, underscoring the challenges facing European aviation as the industry fights to recover from the coronavirus crisis. Germany’s flagship airline scrapped about 900 domestic and European short haul trips for July, including those at its namesake and Eurowings budget brands, a spokesman said. The canceled flights, which were ...

  Bloomberg PT Garuda Indonesia plans to issue $800 million of new debt as part of a plan to address its liabilities, as the embattled carrier seeks to reverse its fortunes after the pandemic. The airline would also raise $330 million by issuing new equity, according to a restructuring proposal made in a Jakarta court. The carrier also suggested modifying ...

Bloomberg We’re probably going to have to fly less. And when we do board a plane, it’s going to cost more — a lot more, one way or another. Those are the conclusions of a new report by the nonprofit International Council on Clean Transportation, which analysed how the airline industry could cut emissions in line with global climate goals. ...

  Bloomberg Comair, the South African partner of British Airways and owner of low-cost carrier Kulula, is on the brink of collapse after administrators were unable to raise the funds needed to resume flying. The operator of about 40% of domestic air trips in South Africa has been battling with high fuel prices, the aftermath of coronavirus travel bans and ...

  Bloomberg A quarter of flights were cancelled and two runways shut by a strike at Paris-Charles de Gaulle airport, the latest upheaval to hit the European transport industry struggling to meet higher demand for travel. The walkout by a broad range of employees at the French capital’s international hub is also expected to cause delays for passengers whose flights ...

  Bloomberg US and Chinese defense officials said they planned further talks after Defense Secretary Lloyd Austin and his counterpart sparred over Taiwan and other regional security issues for almost an hour. Both sides emerged from the first in-person encounter between Austin and Chinese Defense Minister Wei Fenghe in Singapore citing plans for additional discussions. A Chinese military spokesman described ...

  Bloomberg Ivanka Trump, the daughter of Donald Trump and a former White House adviser, said she accepted that there was no evidence of fraud and that her father had lost the 2020 election. A clip of her testimony was played during the House hearing on the January 6 attack on the Capitol. She was asked in a deposition what ...