Bloomberg The cluster of oil tankers off China’s coast is growing and the vessels are waiting longer to offload their cargoes amid a lack of onshore storage space after a buying spree earlier this year. The number of oil-laden tankers parked in Chinese waters has swelled since the start of the month with almost 200 ships expected over the course ...

Bloomberg Italy’s Eni SpA is weighing a sale of its energy exploration and production assets in Pakistan after operating in the country for about 20 years, people with knowledge of the matter said. Eni is working with a financial adviser to gauge interest in the portfolio, said the people who asked not to be identified as the information isn’t public. ...

Last week, cars and pedestrians lined up for free Covid-19 tests in south Minneapolis, six blocks from where George Floyd was killed last month. As protests flared after his death, Minnesota’s Department of Health had set up the testing site and encouraged demonstrators to visit in hopes of stemming a potential new outbreak. Long lines at this center and three ...

A rare meeting of minds between India’s Left and Right on a point of economics should alarm those who belong to neither. The two sides are tossing out similar — and similarly absurd — ideas. Before they make PM  Narendra Modi’s government do something silly and harmful (such as the overnight ban on 86% of currency notes in 2016), both ...

What do you call a country whose government openly embraces illiberalism and exults in the crisis of democracy, cheers the perceived decline of the US and the rise of its authoritarian challengers, makes irredentist claims against its neighbors, and spreads decay within key institutions of the American-led international order? If you answered “NATO ally,” you are, unfortunately, correct. Under PM ...

Boris Johnson clearly wants to draw a line under the fiascoes of Britain’s handling of the pandemic and return to the “boosterism” for which he is best known. And as is often the case, his instinct is right. Doing so will be crucial to putting the economy firmly on a path to recovery. The UK downgraded its coronavirus alert level, ...

Bloomberg Grupo Aeromexico SAB is considering a Chapter 11 bankruptcy filing in the US as the coronavirus pandemic ravages the airline industry, said people familiar with the matter. The Mexican carrier is weighing its options and no final decision has been made, the people said, asking not to be named because the discussions are private. The company is working to ...

Bloomberg Spirit Airlines Inc misclassified as “volunteers” more than 1,000 people who were denied boarding against their will on oversold flights, the US Transportation Department said in announcing a fine against the carrier. The department said consumer complaints filed with its Office of Aviation Consumer Protection showed the budget carrier required that passengers bumped from flights sign waivers or documents ...

Bloomberg Deutsche Lufthansa AG’s fleet of Airbus SE A380 jets will be mothballed for at least two years and may never return to service as demand for long-haul travel remains subdued in the wake of the coronavirus outbreak. With Lufthansa already retiring about half of its 14 superjumbos, remaining jets will be relegated to its secondary hub in Munich. Flights ...

Bloomberg The parent of New York & Co is preparing for a bankruptcy filing that would include plans to shut all of the discount apparel chain’s stores, according to people with knowledge of the matter. RTW Retailwinds Inc, which also owns Fashion to Figure and Happy x Nature, warned earlier this month that a bankruptcy filing was probable, citing a ...