European natural gas declines with flows from Russia stable
Benchmark European natural gas prices declined for a seventh consecutive session, with Russian flows to the continent continuing while the war in Ukraine grinds on.
China’s Covid outbreak worsens as Shanghai cases top 26,000
China’s largest Covid-19 outbreak in two years continues to spread despite an extended lockdown of Shanghai’s 25 million people, with the restrictions weighing on a…
U.K. economy slows as supply chain delays hold up car makers
The U.K. economy slowed more sharply than expected in February after storms hit construction work and supply chain delays held up output from carmakers.
Heathrow hiring as traffic hits highest since start of Covid
London’s Heathrow airport will ramp up hiring “as fast as possible” after passenger numbers surged last month to the highest since the Covid-19 pandemic began.
China port congestion leaves everything from grains to metals stranded
Dotting the sea off Chinese ports are 477 bulk cargo ships waiting to deliver resources from metal ore to grain into the country.
Tesla China exports slump to just 60 cars on strong local demand
Tesla Inc. exported just 60 cars produced at its Shanghai factory in March, a record low as strong domestic demand sucked up most of the…
Amazon’s drone delivery program is hit by crashes and safety concerns
Billions of dollars and a decade later, and Amazon’s delivery by drone program still isn’t off the ground.
Draghi heads to Algeria as Italy seeks to cut Russia gas imports
Mario Draghi will visit Algeria on Monday as part of a plan to wean Italy off Russian natural gas.
Lufthansa debt climbed by $11 billion due to pandemic
Deutsche Lufthansa AG has about 10 billion euros ($11 billion) more debt because of the coronavirus pandemic, according to Chief Executive Officer Carsten Spohr.
Airbus ships 63 jets as oil-price jump fails to quell demand
Airbus SE delivered 63 planes last month, boosting the firm’s plans to ramp up output despite concern that surging oil prices and the conflict in…
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