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You might think that the IPO of electric-truck wunderkind Rivian Automotive Inc — with its valuation soaring past $100 billion on zero revenue — perfectly captured the madness in autos in 2021. It was actually Rivian’s first quarterly results, when the company said it would miss its production target by “a few hundred” vehicles. Ever alert to any ripples in ...

  The Biden administration desperately needs a win on inflation, and cutting the price Americans pay for beef would have an immediate impact on most families. Yet the prescription unveiled by the White House this week to boost competition in the highly concentrated meat sector, while prudent, won’t make much of a dent on meat prices, at least not for ...

  Bloomberg Airbus SE cemented the title of world’s largest planemaker for the third straight year with 611 jetliner deliveries, though it’s on track to lose the contest with Boeing Co. over orders. The European manufacturer beat its own handover target by 11 planes, leaving its US competitor in the dust. Jefferies estimates that Boeing, which is due to report ...

  Bloomberg Indonesia’s government has filed corruption allegations against its flag carrier, adding to PT Garuda Indonesia’s woes as the airline undergoes a debt restructuring process. The Attorney General will investigate the file submitted by State-Owned Enterprises Minister Erick Thohir on Tuesday. The case is linked to Garuda’s procurement ATR 72-600 aircraft, although Thohir said there are indications of corruption ...

  Bloomberg Ikea imposed a financial penalty on unvaccinated UK employees who miss work if they are ordered to self-isolate after coming into contact with someone with Covid-19. If these workers become ill with the virus themselves, however, they will still receive sick pay as normal, Ikea said in a statement to Bloomberg. The changes, which came into effect in ...

  Bloomberg British Airways, Virgin Atlantic Airways Ltd and TUI AG reported surging interest in long-haul travel after Britain last week scaled back coronavirus testing requirements that had acted as a barrier to sales. Package-holiday giant TUI said bookings soared almost immediately on the policy change. British Airways Holidays, meanwhile, saw searches jump nearly 40% compared with the final week ...

Bloomberg Delta Air Lines Inc. has hired a JetBlue Airways Corp. executive who played a key role in the development of an alliance with American Airlines Group Inc. that has taken aim at rivals in the northeastern US Scott Laurence will join Delta as vice president of network planning on January 18, the Atlanta-based carrier said in a statement Monday. ...

  Bloomberg President Kassym-Jomart Tokayev said Russian-led troops that helped him crush an uprising would begin to leave in two days as he denounced “oligarchic groups” that dominate Kazakhstan’s economy. The country is now “stable” after last week’s violence, allowing for the phased withdrawal over 10 days of forces from Russia and other ex-Soviet states that he’d summoned to Kazakhstan, ...

  Bloomberg Hungarian Prime Minister Viktor Orban’s government sided with authorities in Kazakhstan in their crackdown against protesters, dismissing human rights concerns after Russian-led troops helped crush an uprising over the last week. Hungarian Foreign Minister Peter Szijjarto said violent protesters need to be held accountable and concerns over human rights have “no place” when it comes to restoring order, ...

  Bloomberg Myanmar’s military government accused two US nationals and embassy staff of breaking health protocols for Covid-19-detected patients, according to a statement by the Ministry of Foreign Affairs. The junta stated that a US diplomatic passport holder and another US employee of the embassy who were tested positive for Covid-19 were transferred to the properties of the US embassy ...