Bloomberg Thailand will slash the excise tax on diesel for three months to lessen the impact of soaring global crude prices as inflation emerges as the latest threat to the economic recovery. The cabinet agreed to cut the levy by 3 baht ($0.09) per liter until May 20, Thanakorn Wangboonkongchana, a government spokesman, said in a statement. The lower ...

  Walmart Inc is defying fears that rising prices will derail the consumer recovery. The world’s biggest retailer announced better-than-expected quarterly profit and delivered an upbeat outlook for US same-store sales this fiscal year. The shares rose as much as 3% in pre-market trading. It’s good news, but it really shouldn’t be a surprise. Although other retailers may be fretting, ...

Even as omicron infection rates plummet, preparations must be made for whatever Covid-19 throws at us next. The best-case scenario is that we live with an endemic virus that causes only mild infections in most people who are vaccinated. But the possibility remains that new variants will arise. A good way to prepare for any eventuality is to develop new ...

  US Securities and Exchange Commission (SEC) Chairman Gary Gensler has repeatedly said the crypto markets are like the “Wild West,” with insufficient protections for investors. A presidential working group has cautioned that some crypto platforms were allowing investors to make risky high-leverage bets. And the Treasury Department has called for legislation requiring some crypto issuers to be insured just ...

  The Electoral Count Act of 1887 is badly written, and its flaws present dangers to the country. The current bipartisan interest in revising the law, which sets forth how Congress handles challenges to electoral votes after a presidential election, is therefore welcome. But there are many ways a reform could go wrong, and legislators will have to be careful ...

  Bloomberg As flying electric taxis and hydrogen fuel take center stage at the Singapore Airshow, Boeing Co’s plan to clean up aviation is far less revolutionary. Rather than banking on new technology and different propulsion systems, the Chicago-based company is pushing a solution that will limit disruption to its mainstay plane-making business: Run the aircraft on sustainable aviation fuel. ...

  Bloomberg Online grocery services provider Ocado Group Plc and Casino Guichard-Perrachon SA in France have created a logistics joint venture to help other retailers in France sell their goods online. In a significant expansion of their existing partnership, the two companies signed a preliminary agreement where the duo will provide logistics services, including project management and operations support in ...

  Bloomberg UK retail sales bounced back in January as the impact of the Omicron variant on consumers ebbed. The volume of goods sold in stores and online added 1.9%, reclaiming some of the 4% plunge in December, the Office for National Statistics (ONS) said. It was the biggest monthly increase since April when non-essential stores reopened. Economists had expected ...

  Bloomberg Hermes International shares fell the most in five years after the French luxury-goods maker reported lower revenue from its key leather-goods division as it failed to keep up with demand for products like $9,000 Birkin bags. The stock dropped as much as 8.4%, having lost more than a quarter of its value since setting a record late last ...

  Bloomberg IndiGo co-founder Rakesh Gangwal resigned from the company’s board and plans to pare his stake over five years, according to a statement by the airline. Earlier this month, Rahul Bhatia, the billionaire co-founder of IndiGo, took on a newly-created executive position of managing director at the company. Gangwal had accused Bhatia of corporate governance lapses. The founders were ...