Bloomberg Two years into the pandemic and the airline industry remains on standby for the return of business travelers. Expectations that expense account-wielding road warriors would follow on the heels of leisure travelers have yet to materialize, and the outlook remains hazy with the spread of the latest coronavirus variant. That’s kept carriers’ profits in check and raised questions ...

  Bloomberg North Korea appeared to have fired one of its biggest ballistic missiles in almost five years, adding to its largest series of tests since Kim Jong-un took power as he forces his nuclear arsenal back onto the Biden administration’s agenda. North Korea launched a suspected intermediate range missile for the first time since 2017, according to initial assessments ...

  Bloomberg Russia wants an explanation of European security obligations from western nations before making its next proposals on the Ukraine crisis, Foreign Minister Sergei Lavrov said. Moscow is asking Nato members and countries in the Organization for Security and Co-operation in Europe to clarify how they intend to fulfill OSCE obligations not to strengthen security at the expense of ...

  Bloomberg UK Prime Minister Boris Johnson’s embattled position was reinforced by Foreign Secretary Liz Truss amid a scandal over alleged pandemic-rule-breaking parties, as she batted away speculation that she could run for the leadership. “The future of the PM is assured,” Truss said on the BBC’s Sunday Morning show. “He’s doing an excellent job on the things that matter ...

  Bloomberg Taiwanese Vice President William Lai held a video call with House Speaker Nancy Pelosi — his second meeting with a senior US politician in two days— on topics including human rights in China. Pelosi, who has called for a diplomatic boycott of next month’s Beijing Winter Olympics, reiterated her concern about Chinese human rights abuses, according to a ...

  Bloomberg The French far-right leader Marine Le Pen finally secured a bank loan for her financially struggling campaign to challenge President Emmanuel Macron. The candidate in the April presidential election obtained a 10.6 million euro loan from a European bank, Jordan Bardella, president of her National Rally party, told Agence France-Presse. A spokeswoman for Le Pen didn’t immediately respond ...

  Bloomberg Mario Draghi’s failed bid to become Italian president has tarnished the aura that helped him keep a fractious coalition in line. But the damage suffered by the country’s main political parties means that the prime minister may still have the leverage to push through his agenda in the final year of his mandate. After six days of chaotic ...

  Bloomberg In the eyes of Visa Inc and Mastercard Inc., consumers are learning to live with the coronavirus pandemic. Both networks said that spending on their cards surged to a record in the final three months of last year, even as the highly contagious Omicron variant disrupted travel and sparked fresh rounds of lockdowns. Spending on Visa’s network soared ...

  Bloomberg The Bank of Japan (BOJ) should keep its inflation-targeting stimulus rolling and consider shortening the maturity of its yield target to make its easing framework more sustainable, the International Monetary Fund (IMF) said, in comments that contrast with global moves to tighten policy. Given that Japan’s underlying inflation momentum remains weak at around 0.5% and is not currently ...

  Bloomberg UniCredit SpA withdrew from a possible deal to take over Russian lender Otkritie Bank FC, with Chief Executive Officer Andrea Orcel signalling that the military build-up in the region was a factor in the decision. “Given the geopolitical environment we decided to withdraw from the data room,” Orcel said in a media call. “The combined bank would have ...