Bloomberg The burgeoning market for sustainable jet fuel will soon reach a milestone, with a plant capable of turning out for the first time a lower-emission fuel at the same price as fossil fuel-based options. But this price parity will only come as result of a $50 million grant from Bill Gates-led Breakthrough Energy, alongside support from discounted loans and ...

  Bloomberg Boeing Co. is offering 737 Max jets once slated for Chinese customers to Air India Ltd. as the plane-maker tries to offload some of the roughly 140 aircraft it’s currently not allowed to deliver. The Indian carrier, which is overhauling its fleet under new owner Tata group, is one of a number of potential customers for Boeing, which ...

Bloomberg Nestle SA Chief Executive Officer (CEO) Mark Schneider said inflation will remain an issue in 2023 even after the world’s largest food maker pushes through the biggest price increases in decades this year. “This is a situation no one wished for,” CEO Mark Schneider said in an interview with Bloomberg Television. “We are seeing huge upward pressure on energy, ...

  Bloomberg Brazilian cosmetics maker Natura &Co is assessing options to unlock value at its high-end brand Aesop as the company seeks to restore investor confidence following a 76% stock plunge over the past 15 months. The shares rebounded as much as 18%. The Sao Paulo-based company will start studies for a possible initial public offering of Aesop, or a ...

Bloomberg President Vladimir Putin ordered dramatically heightened security, including restrictions on movement, in regions along the border with Ukraine as attacks have spread into Russian territory. Citing strikes in recent weeks in border zones and a bombing on his showcase bridge to Crimea, Putin told a televised meeting of his Security Council that he’s ordering stepped-up measures across much of ...

  Bloomberg The UK said it is moving to stop ex-military pilots from offering training to China, warning they could be prosecuted under an espionage law. “When former UK military pilots provide training to the People’s Liberation Army of China it clearly erodes the UK’s defense advantage,” Britain’s Ministry of Defense said Wednesday on Twitter. “We are taking immediate steps ...

  Bloomberg HSBC Holdings Plc has been reprimanded by a UK watchdog for violating environmental advertising rules, after it sought to depict itself as a green bank in a set of posters. In the latest sign that regulators are growing increasingly intolerant of all manifestations of greenwashing, the Advertising Standards Authority (ASA) said it has ordered HSBC to ensure the ...

  Bloomberg The Bank of England (BOE) will start its delayed bond sales early next month, refocusing on the fight against record inflation after averting the threat of a market meltdown. The announcement of so-called quantitative tightening is a statement of intent from the central bank, which had been on the defensive for weeks after fallout from a government plan ...

  Bloomberg Bank of Nova Scotia, the Canadian bank with the largest exposure to Latin America, sold $750 million of loss-absorbing hybrid securities amid mounting concerns about the spillover effects of US Federal Reserve rate hikes on emerging-market economies. Scotiabank priced 60-year so-called limited recourse capital notes at a yield of 8.625%, down from around 8.75% initially discussed. That’s an ...

  Bloomberg Ireland will make it easier for would-be borrowers to qualify for mortgages next year as it relaxes its income-to-loan requirements in an effort to widen accessibility in the face of a shortage of supply and record prices. Prospective first-time homeowners will be able to borrow as much as four times their gross income, up from a limit of ...