The 10-year German bund yield has turned positive after almost three years below zero. It’s a sign of the times as government borrowing costs are on the rise globally. With the euro zone’s nascent economic recovery more fragile than that of the US, however, the European Central Bank needs to remain vigilant that increased market interest rates don’t choke ...

When he took office one year ago, President Joe Biden faced extraordinary challenges. He had to contend with a global pandemic that had crushed the economy and confounded the experts. He had to repair shattered alliances and restore American credibility after four years of President Donald Trump. More pointedly, he was taking charge of a country left bitterly divided — ...

  Bloomberg The US government suspended 44 scheduled Chinese airline flights from the US to China in response to restrictions placed on American carriers over Covid-19 testing protocols. The US Department of Transportation issued restrictions against four Chinese airlines in a dispute that has been percolating since the pandemic erupted in 2020. China in recent months had suspended flights on ...

  Bloomberg UK retailers embraced the government’s move to ease restrictions after Omicron hijacked footfall over the holiday season, saying they hope customers will swiftly return to their stores. The government will no longer ask people to work from home or wear face masks in shops or public transport from Jan. 27, Prime Minister Boris Johnson said. Covid passes proving ...

  Bloomberg Unilever Plc’s Indian unit reported quarterly profit that met analyst expectations as price hikes helped Asia’s largest consumer goods maker by market value manage persistent inflation that has hit the pockets of consumers in the country’s vast and largely impoverished hinterland. The Mumbai-listed Hindustan Unilever Ltd. posted a 17% rise in net income to 22.4 billion rupees ($300.6 ...

  Bloomberg Deutsche Lufthansa AG may seek a 40% stake in Alitalia’s successor ITA Airways, Italian newspaper Il Foglio reported, citing unnamed sources. The plan, which could be announced in coming days, would be subject to European Union approval, the paper said. The two sides are close to agreement on issues including financial consolidation and turning Rome’s Fiumicino airport into ...

  Bloomberg Australia will allow international air travelers to enter the country if they provide results from a rapid antigen test taken within 24 hours of departure. A RAT must be undertaken by or under the supervision of a medical practitioner that includes pharmacists or trained personnel at an authorized airport testing station, the Ministry of Health said on its ...

  Bloomberg Amazon.com Inc. said it plans to open a clothing store called Amazon Style this year in the Los Angeles area, the company’s latest foray into physical retail. The boutique will use artificial intelligence to recommend purchases as customers shop and carry a selection of women’s and men’s apparel, shoes and accessories, the company said. Using an app, shoppers ...

  Bloomberg Russia hit back on Sunday after the UK alleged that Moscow is plotting to install a pro-Russian leader in Kyiv, with the West continuing to warn that Moscow could yet invade Ukraine. The assertions, offered without a timeline on the intelligence, were contained in a UK Foreign Office statement. The UK claim is “evidence” that Nato countries, not ...

  Bloomberg Germany’s top naval officer resigned after comments he made about Russia, including a call to show respect toward President Vladimir Putin, caused a diplomatic incident. Ukraine summoned the German ambassador in Kyiv earlier Saturday to protest the remarks by Navy Inspector Kay-Achim Schoenbach, who also said Crimea would never return to Ukraine after its annexation by Russia in ...