The private jet use that surged in the coronavirus pandemic is showing no signs of abating, even as passengers return by the millions to commercial airlines and inflation raises the cost of a charter. Global flights on business aircraft rose by 10 per cent in…

This year has started remarkably well in Europe — from an energy perspective at least.After cold, still December days caused fears of blackouts, this year’s mild, gusty arrival has helped wind generation set new records and prompted roughly a halving in the gas price over…

Pfizer could begin manufacturing Paxlovid in China through a local partner within three to four months following moves by Beijing to provide the clearances required to produce and supply the Covid-19 drug in the country.Albert Bourla, Pfizer chief executive, said on Monday that a local…

Britain’s historic attempt to launch the first commercial satellites from western Europe failed late on Monday night when Virgin Orbit’s LauncherOne rocket suffered an “anomaly” that prevented the spacecraft from reaching orbit.The failed mission is a severe blow not just for the UK, which had…

Chinese patients suffering from Covid-19 are struggling under mounting medical bills after state-backed health insurance schemes reduced or dropped coverage in response to an unprecedented wave of infections sweeping across the country.At least 14 Chinese cities and provinces have stopped providing free treatment for coronavirus…

A senior executive at a Toyota leasing subsidiary has warned that the world’s largest carmaker is confronting an “unprecedented” challenge to revive its electric vehicle sales, as it risks missing its already low target in Japan for the second consecutive year.The bleak outlook for the…