When the European energy crisis started in mid-2021, Brussels bet the upheaval would be largely gone by spring. As it became obvious that wasn’t going to happen, it speculated the problems wouldn’t last beyond 2022. That wager looks to be off, too. Away from the daily gyrations of European spot natural gas prices — swinging between worries about a ...

Bloomberg Boeing Co dropped as the planemaker recorded $5.5 billion in total costs for the 787 Dreamliner, wiping away any near-term profit for the marquee wide-body jet. The charges also overshadowed some rare good news. The aviation titan surprised Wall Street by generating cash for the first time since early 2019: $494 million in free cash flow in the fourth ...

  Bloomberg Joules Group Plc shares plummeted after the British retailer joined a growing list of companies to warn that supply chain issues and Covid infections are hurting earnings. The stock dropped 41% in early trading in London Tuesday, the most on record. The company has faced stock delays, rising freight costs and fewer customers visits to stores due to ...

  Bloomberg The US issued fresh sanctions against people and entities linked to Myanmar’s military that seized control of the government a year ago, with President Joe Biden warning “further costs” will be imposed as long the junta doesn’t hold elections. Seven people including Myanmar government officials and businessmen as well as a private logistics company and an army-run procurement ...

  Bloomberg Nato’s unity in confronting the potential threat against Ukraine has been a negative surprise for Russia, and Europe must be strategic with sanctions in case of an attack, Estonia’s prime minister said. Premier Kaja Kallas said that Russian President Vladimir Putin’s intentions in Ukraine still aren’t clear as his government masses forces across the border from its former ...

  Bloomberg With international tensions high over the Kremlin’s massing of troops towards its border with Ukraine, there’s an important difference from the way Russian media treated a similar build-up last year: Moscow’s main focus now is Nato, rather than Kyiv. The conclusion comes from a new data analysis of articles in “.ru” Internet domain names by Semantic Visions, a ...

  Bloomberg UK Prime Minister Boris Johnson faced fresh fury from his Conservative lawmakers after a report into partying in Downing Street during lockdown slammed “failures of leadership and judgment” at the top of his government and criticized “excessive” drinking. London’s Metropolitan Police is now investigating 12 lockdown gatherings in government buildings, including in Johnson’s own apartment, and said Monday ...

  Bloomberg Severe drought has led to millions of people needing humanitarian assistance across four regions in Ethiopia, according to the United Nations. Three failed rainy seasons have devastated livestock and crops in provinces including Afar and Oromia in the Horn of Africa nation, and about 6.8 million people will need emergency aid by the middle of the year, Unicef ...

  Bloomberg The Bank of England (BOE), one of the first movers in what looks set to be a rapid global tightening of monetary policy, this week will give a big clue about how far and fast it will move in combating inflation. Policy makers led by Governor Andrew Bailey are expected to hike interest rates to 0.5% on Thursday, ...

  Bloomberg Overseas-Chinese Banking Corp (OCBC) said it made $10.1 million in goodwill payouts to 790 customers who fell prey to an text message phishing scam impersonating the lender. About 80% of the amount lost occurred during December 23-30 festive period, at which time calls to the bank’s contact center surged by over 40%, OCBC said. A previous figure that ...