War is coming — a not-so-great northern war. Don’t be fooled by last week’s conversation between Russian President Vladimir Putin and his American counterpart Joe Biden, with its promise of further negotiations in January. When one party is bent on war, this kind of diplomatic activity often continues until just hours before hostilities begin. We should not be deluded: ...

The year will be a money milestone. January 1 marks two decades since the first euro banknotes and coins got into people’s pockets. Even anarchic Bitcoiners should care: The euro was the first new currency of the 21st century (though clearly a product of the 20th). It was viewed with skepticism by economists (there was no country called ‘Euroland’, after ...

  In talking with a number of market players the last few weeks, there seems to be a broad consensus that 2022 is going to be more challenging than 2021, which almost makes me wonder if stocks won’t be up another 20% next year, defying bearish expectations yet again. But things are a little different than this time a year ...

  Rarely has an arcane interagency dispute proved so needlessly disruptive. On December 5, 2021, wireless carriers had expected to begin rolling out 5G, the next standard for cellular networks, on a critical new frequency known as the C-band. The deployment promised increased bandwidth, faster transmissions, wider range, and many new possibilities for wireless devices and apps, potentially turning a ...

  Bloomberg Thousands of US flight cancellations cascaded into the first workday of the new year as ongoing Covid-19 issues among airline workers were compounded by winter storms hitting the northeast. More than 2,830 flights were canceled as of 2 p.m. New York time on Monday, according to data tracker FlightAware.com, the highest daily total in more than a month. ...

  Bloomberg Aviation trade groups have asked the White House to intervene in the standoff between airlines and telecommunications companies over a planned expansion of 5G service. “We respectfully call on President Biden to intervene and delay the full implementation of C-band 5G until proper risk assessments have taken place and crewmembers are fully briefed as to the extent of ...

  Bloomberg UK airline stocks surged as London traders played catch-up following Monday’s holiday while digesting data suggesting a milder impact from Omicron than prior Covid-19 variants. British Airways owner IAG SA soared as much as 11%, the most in more than three months, with short-haul peer Wizz Air Holdings Plc also gaining 11% as it reported a jump in ...

  Bloomberg Sydneysiders are facing empty shelves at some supermarkets as exploding coronavirus cases force a range of staff from truck drivers to warehouse workers into isolation. Woolworths Group Ltd., Australia’s biggest supermarket operator, said some store deliveries are being delayed, while rival Coles Group Ltd. said growing numbers of staff are isolating because of household exposure to the virus. ...

  Bloomberg Amazon.com Inc brushed off media speculation that it was suspending sales of its Kindle e-reader in China, after some of its signature product’s models went out of stock on Chinese platforms. “We remain committed to our customers in China,” a company spokesperson said in a statement. “Customers can continue to purchase Kindle e-readers from offline and third-party online ...

  Bloomberg Beijing is calling on the world’s nuclear powers to expand discussions on global security to include emerging threats, following a rare multilateral pledge to temper the risks of nuclear war. Fu Cong, director-general of the Chinese Foreign Ministry’s Arms Control Department, told reporters in Beijing on Tuesday that the so-called P5 nations — China, France, Russia, the US ...