Bloomberg President Joe Biden will unveil new regulations designed to tackle persistent inflation by requiring airline companies and Internet-service providers to be more transparent about hidden fees, as the White House battles rising costs threatening Democrats’ prospects in November elections. A proposed rule requiring airlines to disclose more information about the fees they charge — such as those levied on …

  Bloomberg Prime Minister Justin Trudeau’s government will let its mandatory vaccination, testing and quarantine requirements for international travellers expire at the end the month. The removal of border restrictions puts Canada alongside dozens of countries in entering a new phase of the Covid-19 pandemic by ending measures meant to slow the spread of the virus. From October 1, travellers …

  Bloomberg Amazon.com Inc. will hold a second Prime Day sale on October 11 and October 12 to boost sales among cost-conscious consumers who are expected to start their holiday shopping even earlier this year. This marks the first time the e-commerce giant has hosted the event twice in the same year. Retailers are bracing for a lackluster holiday that …

  Bloomberg Walmart Inc. is making its first move into the metaverse. The retailer will unveil two immersive experiences on Roblox Corp.’s virtual platform. Walmart Land will feature fashion, beauty and entertainment items, while Walmart’s Universe of Play will showcase toys, the company announced. Walmart follows companies from Nike Inc. to VF Corp. in a bid to get consumers’ attention …

  Bloomberg Britain’s Doncaster Sheffield Airport will close due to a lack of “tangible proposals” for its future ownership and financial viability. Owner Peel Group Ltd. conducted a strategic review of the airport and will wind down services from Oct. 31, it said Monday. Peel pointed to high fixed costs and uncertainty over future income in saying it couldn’t responsibly …

  Bloomberg Cape Town flights are arriving and departing as scheduled, despite a fuel shortage at South Africa’s second-largest airport. After asking airlines to limit their fuel intake in Cape Town, Airports Company South Africa said on Twitter on Tuesday that it has a contingency plan to tackle the issue. The airport only has a few days of jet fuel …

  Bloomberg The UK’s stock and bond markets have lost at least $500 billion in combined value since Liz Truss took over as Prime Minister, with investor confidence shattered by a shock tax-cutting budget. Taking the helm at a time when the UK economy was already grappling with the specter of recession, the Truss government’s new fiscal policies fuelled concerns …

  Bloomberg Global markets remained on edge on Tuesday as investors braced for a heightened risk of global recession, even as dip buyers emerged. Most stocks rise as Goldman Sachs Group Inc. and BlackRock Inc. soured on equities for the short term and Citigroup Inc. said bearish positioning continues to rise. Tech giants including Apple, Amazon.com and Alphabet advanced more …

  Bloomberg Oil reversed course as the dollar shed some of its strength and risk-on sentiment lifted equity markets. The global oil benchmark rose 1% to trade near $87 a barrel on Monday. Earlier, Brent slipped below $85 a barrel and West Texas Intermediate falls below $80 as the dollar hit an all-time high, which makes commodities priced in the …

  Bloomberg The European Union’s executive arm plans to discuss the feasibility of imposing a price cap on natural gas in a document to be presented to member states Wednesday, postponing the publication of a broader action plan on how to deal with soaring costs of the fuel. The European Commission is under pressure from the bloc’s 27 governments to …