Driving into Washington over the Theodore Roosevelt Bridge the other night, I looked over at the Kennedy Center, all lit up in the blue and yellow of the Ukrainian flag. For a moment I was proud: Yes, America stands with Ukraine. Then I remembered: At that moment, Russia was shelling residential areas, mothers and their children were cowering in basements, ...

Soaring inflation doesn’t only affect what consumers buy; it also dictates where they shop. As gas prices spike, some habits learned during the pandemic, including limited trips to the grocery store, are set to make a comeback. This time it won’t be to protect health but to save money. The national average gas price hit $4.32 last week, the highest ...

  With April 5, the end of the UK tax year, fast approaching, and many investors nursing significant losses in volatile markets, now is a good time to consider what can be done to mitigate any capital gains tax (CGT) liabilities you might have. Gains in the stock market are especially amenable to careful tax planning. Unlike assets such as ...

  Let’s get ready for an opportunity to think less about bloodshed and suffering in Ukraine, and instead focus on the familiar confines of Wednesday’s decision on monetary policy from the Federal Open Markets Committee. For finance, it probably matters more. Anything other than a hike of 25 basis points in the fed funds rate would count as a major ...

  Bloomberg Amazon.com Inc told India’s top court that truce talks to bury the dispute with cash-strapped Future Retail Ltd had failed, hours after it published newspapers notices warning the local retailer and its founders that any transfer of assets to Reliance Industries Ltd would trigger civil and criminal legal action. “We made efforts but nothing is possible,” Amazon’s lawyer ...

  Bloomberg Mumbai International Airport Ltd has delayed a proposed dollar bond offering, according to people familiar with the matter, as market volatility prompts borrowers around the world to adjust their funding plans. The operator of India’s second-largest airport had said in an exchange filing in late February that it would be meeting with investors for the proposed issuance. But ...

  Bloomberg Russia’s commercial aircraft fleet could falter within months and risks being largely grounded in a few years as sanctions block essential spare parts from Boeing Co and Airbus SE, according to Jefferies Group LLC. “They’ll be able to fly for the next six months to a year fairly well, then parts start breaking and you’ll need replacements,” Jefferies ...

  Bloomberg More than 100 international flights will be diverted away from Shanghai to other cities to ease pressure on quarantine hotels and isolation facilities in the financial hub as China battles growing pockets of Covid-19. A total of 106 flights on 22 routes will be diverted between March 21 and May 1, state broadcaster CCTV reported, citing a statement ...

  Bloomberg London’s Heathrow Airport, British Airways (BA) and Virgin Atlantic Airways Ltd are dropping mask requirements as the country scraps remaining Covid-19 travel curbs despite a new flareup in cases. Masks will no longer be needed in Heathrow terminals, rail stations or office buildings from Wednesday, the airport said in a statement. IAG SA-owned British Airways and Virgin will ...

  Bloomberg Hennes & Mauritz (H&M) AB said sales growth accelerated as the Swedish retailer reduced the level of markdowns on its garments. Revenue rose 23% excluding currency shifts in the three months through February. Sales amounted to 49.2 billion kronor ($5.1 billion). Analysts expected 49.1 billion. Like other retailers, H&M decided to temporarily pause sales in Russia, its sixth-biggest ...