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Good morning. Transatlantic travel opens up, Evergrande is seen on the brink of default and Britain’s power sector braces for a rough winter. Here’s what’s moving markets.

The U.K. won’t bail out failed energy companies, and the government expects to see some businesses go bankrupt in the coming weeks, Business Secretary Kwasi Kwarteng warned, as gas prices marked new records. The official said the country faces a “long, difficult” winter with high energy prices tipping power suppliers into bankruptcy, after three days of inconclusive talks over how to navigate the potential chaos. Across Europe, governments are taking steps to curb the impact of high prices on households. Italy is set to spend around 3.5 billion euros protecting consumers, while Spain, France and Greece are acting to stem the hit to their economies.