The Covid-19 pandemic has led to many unforeseen consequences, and right now we may be approaching one of the biggest: the possible neutering of the green energy movement. Prices of fossil fuels are rising sharply, and most of the world is responding by trying to get those prices back down again. Voters might end up bitterly opposed to ever seeing ...

One day in Korea in 1951, a puzzled American soldier peered at a sign above the entrance to a British base, which proclaimed “Britannia Camp.” He quizzed an officer, pointing upwards: “Whaddoes that mean?” Major Gerald Rickord said: “Haven’t you ever heard of Britannia Rules the Waves?” The American said: “That’s a bit out of date, isn’t it?” This encounter ...

Bloomberg Southwest Airlines Co asked a federal court to reject a request from its pilots to temporarily block the carrier from carrying out federally mandated coronavirus vaccinations, saying such an order would put the company’s business, employees and customers at risk. The Southwest Airlines Pilots Association (SWAPA) is seeking to stop the airline from moving ahead with the November 24 ...

Bloomberg Indian tycoon Mukesh Ambani bought a stake in a high-end fashion brand, run by a stylist to some of Bollywood’s biggest stars, as Asia’s richest person continues to expand into luxury retail. Reliance Brands Ltd bought 40% of MM Styles Ltd, which owns Manish Malhotra’s eponymous fashion house, the company said in a statement. The privately-held brand was launched ...

Bloomberg Italia Trasporto Aereo (ITA), the state-owned successor to Alitalia, is positioning itself for an investment from a major airline that could come as soon as the end of next year, according to Chairman Alfredo Altavilla. The new Italian carrier, which started operations after its predecessor shut down, is too small to survive as a standalone company, Altavilla said in ...

Bloomberg A consortium led by Hungary’s government has offered about 4 billion euros ($4.6 billion) for full control of Budapest Airport, according to people familiar with the negotiations. The latest bid, after an earlier one this year was rejected as undervaluing the hub, is being considered by the airport’s owners, according to two people who asked not to be identified ...

Bloomberg China’s Civil Aviation Administration ordered five domestic and foreign airlines to suspend some flights from Monday after multiple coronavirus cases were found on board, it said. The carriers included Air China Ltd, which had six infections detected on an inbound flight from Frankfurt to the northeastern city of Changchun, the administration said in the statement. KLM Royal Dutch Airlines, ...

Bloomberg Swedish home-furnishings giant Ikea gave a bleak outlook for the retail industry, saying it expects shortages from the supply-chain crisis to remain an issue through the middle of next year. “The biggest challenge has been getting products out of China, where there has been a very limited capacity,” Chief Executive Officer Jon Abrahamsson Ring of Inter Ikea, the worldwide ...

Bloomberg Southeast Asian countries have agreed to exclude the Myanmar’s junta leader from a big ticket summit later this month, a rare and decisive move to hold the regime accountable for worsening civil strife in the country and refusing to engage with its political opponents. Myanmar, controlled by a military junta led by Min Aung Hlaing since a February coup, ...

Bloomberg Venezuela’s government pulled out of a round of negotiations with the political opposition set to begin on Sunday in Mexico to protest the extradition of a close ally of President Nicolas Maduro to the US. “The government is suspending its participation in the negotiation and dialogue roundtable,” said Jorge Rodriguez, president of the government-controlled National Assembly and chief of ...