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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
Airline industry

Don’t book summer travel just yet, Boris Johnson warns

By
Siddharth Vikram Philip
Siddharth Vikram Philip
,
Tim Ross
Tim Ross
,
Christopher Jasper
Christopher Jasper
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Siddharth Vikram Philip
Siddharth Vikram Philip
,
Tim Ross
Tim Ross
,
Christopher Jasper
Christopher Jasper
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
April 6, 2021, 5:31 AM ET

The government told Britons to hold off on planning foreign holidays this summer, deflating the hopes of an airline industry desperate to get flying again before another high season slips by.

While confirming that restaurants, pubs and shops in England will reopen next week, Prime Minister Boris Johnson said it’s not yet clear that non-essential international travel can resume safely as planned on May 17.

The move extends the uncertainty facing an airline industry reeling from over a year of Covid-19 restrictions that have shaken balance sheets and forced carriers to raise cash to stay afloat.

Speaking at a press conference on Monday, Johnson said he was hopeful that foreign travel could resume by the target date, if virus surges in other countries can be contained.

“But I do not wish to give hostages to fortune or to underestimate the difficulties we’re seeing in some of the destination countries people might want to go to,” Johnson said. “We don’t want to see the virus being re-imported into this country from abroad.”

Traffic Lights

When the U.K. does reopen, a “traffic-light” system will be used to classify countries into green, amber and red based on factors such as virus infection rates and vaccination levels. More details will be set forth when Johnson’s task force on global travel publishes its report later this week.

Category decisions for specific destinations will be made based on data and evidence “closer to the time,” the government said.

Travelers from green countries will still have to take virus tests before departing and after arriving, Johnson’s office said. Quarantine and self-isolation rules will apply to passengers entering the country from places on the red and amber lists.

About the Authors
By Siddharth Vikram Philip
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