Bloomberg Revenge spending is trumping inflation as Indonesians snap up batik clothes, footwear, and cosmetics post-pandemic, according to one of the nation’s biggest department store operators. Office and party wear — including the nation’s traditional batik attire typically used for formal occasions — are flying off the shelves as more Indonesians go out again, said PT Matahari Department Store …

  Bloomberg Britain will set a June 2024 deadline for airports to upgrade security scanners so that liquids can be packed with hand luggage, ending the requirement for items such as sunscreen and shampoo to be presented at security gates in a separate plastic bag. The introduction of cutting-edge systems will both speed up checks and improve security by providing …

  Bloomberg China’s central bank pumped more cash than forecast into the banking system in December, in a move that’s expected to bolster bonds roiled by the nation’s abrupt Covid policy shift. The People’s Bank of China (PBOC) injected 650 billion yuan ($94 billion) via its one-year medium-term lending facility, more than the 500 billion yuan due this month. Five …

  Bloomberg HSBC Holdings Plc and Standard Chartered Plc are raising their main lending rates in Hong Kong for the third time this year, a move that signals higher borrowing costs for property owners amid a real estate and economic downturn. HSBC, the city’s biggest lender, is boosting its prime rate by 25 basis points to 5.625%. The move came …

  Bloomberg Elon Musk sold another $3.58 billion worth of Tesla Inc. shares, bringing the total amount he’s offloaded since late last year to almost $40 billion. The latest disposal of about 22 million shares this week coincided with Musk falling from the top spot on the Bloomberg Billionaires Index, a position he’d occupied since September of last year. Tesla’s …

  Bloomberg US equity-index futures and European stocks declined after the Federal Reserve rebuffed expectations for a dovish tilt and said interest rates will go higher for longer. Contracts on the S&P 500 and Nasdaq 100 gauges fell at least 1.1% each. Demand for haven assets sent the dollar and Swiss franc higher amid a wave of rate hikes from …

Bloomberg United Airlines Holdings Inc agreed to buy 100 Boeing Co 787 Dreamliners as part of a multibillion-dollar order for as many as 300 new aircraft, revamping the carrier’s fleet with one of the largest plane deals in recent years. The pact includes 100 firm orders for the widebody model along with options to add another 100, the companies said …

  Bloomberg Hong Kong’s High Court approved Hong Kong Airlines Ltd’s HK$49 billion ($6.3 billion) debt restructuring plan, boosting the carrier’s chance of survival after years of financial turmoil. At a hearing, Justice Jonathan Harris said the court was sanctioning a so-called scheme of arrangements for Hong Kong Airlines. Counsel for the carrier, which is backed by bankrupt Chinese conglomerate …

  Bloomberg TUI AG agreed on a plan to repay a chunk of its bailout package from the German government, the latest sign of the travel sector’s recovery from the coronavirus pandemic. The pickup in travel means the company can repay most of the remaining aid by the end of 2023, TUI said in a statement. The repayments will be …

  Bloomberg A fresh wave of train strikes has hit Britain’s retailers even harder than the omicron variant of Covid-19 that threatened to ruin Christmas last year, according to fresh data showing a steep drop in the number of shoppers. Almost 10% fewer people visited high-street stores— the first day of a string of strikes across the rail network — …