China is turning back to low-cost coal to boost its ailing economy. It’s an understandable reaction to the toll caused by Covid lockdowns. But it will come with a steep price for the environment and the health of its citizens. It’s also likely to worsen food insecurity in China just as the world is trying to fend off a ...

  In every down market cycle, subprime rears its head. It may not take center stage, like it did in the 2007-08 financial crisis, but it always surfaces. When times are good, finance companies are happy to ignore the pitfalls of lending to the riskiest borrowers. When times turn bad, the problems emerge. Carrying the mantle this time around is ...

  Bloomberg Airbus SE is leading a race against Boeing Co over the potential sale of about 30 wide-body aircraft to Malaysia Airlines as the Southeast Asian carrier, seeking more fuel-efficient jets amid a travel rebound, focuses on cost. Airbus is offering its A330neo range of aircraft while Boeing is pushing its 787 Dreamliners, according to people familiar with the ...

  Bloomberg The US Transportation Department awarded 16 coveted flight slots at Newark Liberty International Airport to Spirit Airlines Inc, denying requests by rivals JetBlue Airways Corp and Alaska Air Group Inc. The government said Spirit is “most likely to provide the lowest fares to the most consumers,” according to a statement. The decision gives Spirit access to times for ...

Bloomberg KLM was sued by Dutch environmental pressure groups which alleges its “Fly Responsibly” ad campaign amounts to greenwashing, in one of the first such lawsuits to hit a major airline. KLM, the Dutch arm of Air France-KLM, has run ads that give customers “the false impression that its flights won’t worsen the climate emergency,” breaching European Union rules, the ...

  Bloomberg Just Eat Takeaway.com NV’s shares jumped the most in almost four years after Amazon.com Inc agreed to take a stake in its Grubhub business. The stake is part of a partnership where Amazon will offer US Prime users a one-year membership to the food delivery service, the Dutch company said in a statement. The deal is a vital ...

  Bloomberg The Italian government has received offers from foreign bidders for its new national airline Italia Trasporto Aereo, or ITA, the successor to long-troubled carrier Alitalia, according to people familiar with the matter. The offers are about 200 million euros ($205 million) lower than the initial ones, said one of the people who declined to be named because the ...

  Bloomberg Supermarket shoppers in Britain are increasingly opting for own-brand labels in a bid to save pennies on groceries. J Sainsbury Plc is seeing some customers switch into economy own-label goods and rival Tesco Plc said last month that clients are moving to store-brand versions of bread, pasta and beans. Households could save $649 a year by switching from ...

Bloomberg Boris Johnson could face a leadership challenge as soon as next week as rank-and-file Conservative MPs meet Wednesday to discuss whether to allow a fresh confidence vote. Members of the Tory 1922 Committee will meet at 5 p.m. to discuss Johnson, a person familiar with the matter said. If there is a majority in favor of another confidence vote, ...

Bloomberg Russian authorities are pushing through a raft of new repressive measures against domestic opponents, expanding crackdowns on critics as the Kremlin’s war in Ukraine is in its fifth month. Legislators have approved new proposals to dramatically broaden treason statutes, as well as restrictions on “foreign agents,” a legal category that’s been used widely against critics and independent journalists. Another ...