Bloomberg The new wave of lockdowns around the world is sending US jet fuel prices slumping and exports slowing to a trickle all over again. It’s not as bad as the crash last April, but the headwinds the aviation market still faces before vaccines bring life to normal are increasingly showing. Benchmark jet fuel prices in New York and Houston ...

Bloomberg Fast Retailing Co’s lineup of functional and casual attire continued to lure value-conscious shoppers whose preferences are changing in the midst of the Covid-19 pandemic, helping to push the Uniqlo operator’s first-quarter earnings close to an all-time high. Operating profit rose 23% to 113.1 billion yen ($1.1 billion) in the three months ended on November 30, according to a ...

Bloomberg With fermented foods reaching near-cult status for the health-obsessed, consumers have started hunting for the perfect bacteria. As a result, brand awareness — and the marketing that comes with it — has now made its way into the world of food cultures, according to Mauricio Graber, the chief executive of Denmark’s Chr Hansen Holding A/S, the world’s biggest maker ...

Bloomberg Taco Bell said it will begin testing a Beyond Meat menu item in the US, sending the faux-meat maker’s shares higher. The fast-food chain, a division of Yum! Brands Inc, said the companies are working together to create “an innovative new plant-based protein” that will be tested in the next year. Taco Bell cited Beyond’s “record of attracting younger ...

Bloomberg Joe Biden will take the oath of office as president in a ceremony dramatically reshaped by the coronavirus pandemic and still-simmering threats of violence in Washington, casting a pall over the quadrennial celebration of American democracy. His swearing-in at the US Capitol on Wednesday will come amid an unprecedented cordon of security, with strict physical distancing measures in place ...

Bloomberg Russian police detained opposition leader Alexey Navalny, an outspoken critic of President Vladimir Putin, as he arrived in Moscow after being treated in Germany for poisoning, drawing immediate criticism from the US and Europe. Navalny, 44, was met by officers at passport control as he landed in Moscow on a plane from Berlin, according to a live video feed ...

Bloomberg South Korea’s Moon Jae-in said he would push for an early summit with US President-elect Joe Biden to revive nuclear talks stalled for much of the past two years. The South Korean president told his annual new year’s news conference Monday that he wanted to work with the incoming US administration to “reaffirm our consensus on the peace process ...

Bloomberg Tunisian police arrested hundreds of people during several nights of unrest over growing economic hardships and political paralysis a decade after the protests that ignited the Arab Spring uprisings. The army has deployed troops in several cities, including the capital, to halt the looting of shops and banks and attacks on public buildings. Defying a curfew imposed to contain ...

Bloomberg Italian Prime Minister Giuseppe Conte risks emerging weakened from a parliamentary showdown this week even if he can muster enough votes to hold on to power. Conte faces a confidence vote in the lower house of parliament, which he’s likely to win, but he could face a similar vote in the Senate on Tuesday, where he has less room ...

Bloomberg Philippine banks will recover faster from the impact of the coronavirus pandemic than they did from the Asian financial crisis due to record-low interest rates, higher capital and a stable economy, the head of the nation’s bankers group said. Lenders in the Southeast Asian nation may bounce back in three to four years — about half the time it ...