Bloomberg The operational chaos that engulfed Southwest Airlines Co. over the busy holiday period was a crisis decades in the making. In the aftermath of a meltdown that led to 16,700 flight cancellations and may cost the airline more than $800 million, blame has fallen on an outmoded crew scheduling system and an unusual point-to-point route network. Southwest was overwhelmed …

Bloomberg Lidl had its busiest ever day in the UK in 28 years on December 23, 2022 as cash-strapped British consumers turned to the German discounter for cheaper groceries. The bumper sales day helped swell Lidl’s sales by 25% in the four weeks to Christmas with more than 1.3 million extra customers shopping at the supermarket chain. The discounter gained …

  Abu Dhabi / Gulf Time Wizz Air, Europe’s fastest growing and most environmentally sustainable airline globally, reports that its average carbon emissions for 2022 amounted to 55.2 grams per passenger/km, 15.4% lower compared to the year of 2021, and the lowest ever recorded by the airline in one calendar year. Wizz Air operates the lowest carbon emissions per passenger/km …

  Bloomberg The small group of nations to have sent rockets into the sky from their own soil is about to gain a new member as Britain makes its first ever launch from a seaside town better known for surfing and sandy beaches than space adventures. The mission will take off from Spaceport Cornwall in Newquay, southwest England, the first …

Bloomberg Chinese people are traveling in larger numbers domestically as the nation’s key holiday season kicks off, a sign that the end of Covid Zero is giving way to a rebound in economic activity. Some 34.7 million trips within the country were made by air, road, rail or water, according to the Ministry of Transport. An additional 35.4 million trips …

  Bloomberg A Jetstar Airways Pty plane carrying 136 passengers made an emergency landing in central Japan after receiving a bomb threat, public broadcaster NHK reported, citing police and airport personnel. Jetstar received a phone call at around 6:20 am Tokyo time from what appeared to be a man in Germany who said he had put a plastic bomb on …

Bloomberg Norway will be able to sustain gas production at last year’s elevated level until at least 2026 thanks to 300 billion Norwegian kroner ($30 billion) of investment in new offshore fields. “Only rarely have we seen so much oil and gas produced on the Norwegian shelf as was the case last year – and only rarely have we seen …

  Bloomberg The page has finally turned for Chinese tech stocks, as the end of a years-long regulatory crackdown revives demand for an industry once dubbed “uninvestable.” The Hang Seng Tech Index jumped 3.2% Monday, led by Alibaba Group Holding Ltd., after a top central bank official said the clampdown on the Internet sector was drawing to a close. The …

  Bloomberg Taiwanese lawmakers have passed new rules that let local chip firms turn 25% of their annual research and development expenses into tax credits, part of efforts to keep cutting-edge semiconductor technologies at home and maintain the island’s technology leadership. Officials there have repeatedly said they will ensure the latest chip technologies remain in Taiwan, a point that has …

  Bloomberg India, the world’s biggest rice exporter, is likely to lift restrictions on grain shipments in a move that would mark a further easing of a global wave of food protectionism after Russia’s invasion of Ukraine. Authorities are actively considering removing curbs on some rice exports as domestic prices are stable, according to a person familiar with the matter. …