Bloomberg India is expecting local air passenger traffic will surpass the pre-pandemic level within a year as fliers return, emboldened by a steep fall in new Covid-19 infections. “I am very confident in the days to come, in the months to come, within the next year, we will surpass the pre-Covid level” of 415,000 daily passengers, India Civil Aviation ...

Bloomberg Nestle SA, the world’s largest food maker, said it’s suspending the vast majority of its manufacturing in Russia amid growing pressure on multinationals to fully exit the country following its invasion of Ukraine. The Swiss company is stopping the sale of brands like KitKat and Nesquik and will focus on essential foods including baby food and medical nutrition, it ...

  Bloomberg Honest Co, the personal-care company founded by actress Jessica Alba, posted quarterly results that missed analysts’ estimates and projected a tough 2022, a disappointment for investors whose shares have fallen more than 60% from the initial public offering last May. The loss for the fourth quarter was 10 cents a share, Honest Co said, wider than the 6.1-cent ...

  Bloomberg Hong Kong airport will allow transit passengers for the first time in three months, building on the wider relaxation of strict Covid-19 border controls in the Asian financial hub. Airlines were informed that transit passengers from so-called group A “high-risk” countries will be allowed to transfer through Hong Kong airport from next month, according to a letter seen ...

  Bloomberg UK retail sales unexpectedly fell in February as an end to coronavirus restrictions saw Britons change their spending patterns as they socialised more and returned to the office. The volume of goods sold in stores and online dropped 0.3%, after rising 1.9% in January, the Office for National Statistics (ONS) said. Economists had expected growth of 0.7%. Spending ...

Bloomberg Chinese President Xi Jinping has an opportunity to make history in pushing for a resolution to the war in Ukraine, the United Nations’ most senior official in China said, encouraging Beijing to take a more active part in ending the bloodshed. “I see China as a country which can play an important role in mediating the crisis,” Siddharth Chatterjee, ...

Bloomberg After a month of fighting that’s yielded limited territorial gains, the Russian military said it’s focusing efforts on taking full control of Ukraine’s Donbas region, potentially a sign it’s backing away from hopes of taking larger swathes of the country. “Our forces will focus on the main thing – the complete liberation of Donbas,” Sergei Rudskoi, first deputy chief ...

Bloomberg Kim Jong-un oversaw the successful launch of a new, larger intercontinental ballistic missile (ICBM), in an explosive confirmation of his continued nuclear weapons development over the past four years despite international sanctions and failed talks with the US. The missile fired from a mobile launcher at Pyongyang Sunan International Airport was a Hwasong-17, according to dispatches and photographs published ...

Bloomberg India and China discussed Russia’s war in Ukraine and their own border standoff during an unannounced visit by Chinese Foreign Minister Wang Yi, the first since tensions erupted between the neighbors two years ago. Ties between New Delhi and Beijing haven’t returned to normal yet and will continue to be disturbed as long as troops remain deployed along their ...

  Bloomberg The warring sides in Ethiopia agreed to a conditional truce in the northern Tigray region, where a civil war that’s raged since November 2020 has displaced millions of people and brought hundreds of thousands of others to the brink of starvation. The dissident Tigray People’s Liberation Front said it will implement a “cessation of hostilities effective immediately” once ...