Bloomberg The pound slid and gilts rallied after inflation data backed up Bank of England (BOE) policy maker Michael Saunders’ call for urgent stimulus to boost the UK economy. Sterling dipped below $1.30 and 10-year government bond yields dropped to the lowest in seven weeks the data fuelled bets that the central bank will lower interest rates this year. Money …

Bloomberg A handful of Bitcoin exchanges are key to setting prices, allowing traders to largely ignore the myriad of other bourses without the risk of missing major moves, according to a new study. Only 10 markets — among them Binance, Liquid, Huobi, Coinbase and HitBTC — are where most price discovery takes place, and moves that originate there later migrate …

Bloomberg Internal emails from Boeing Co employees could strengthen the legal case for families claiming the company’s push to minimise the training needed for new 737 Max aircraft contributed to two crashes that killed 346 people. Employees bragged about fooling the Federal Aviation Administration (FAA) into thinking pilots who’d flown older 737 models would need only computer training to fly …

Bloomberg Beyond Meat Inc rose after a report that the faux-meat maker hopes to expand into the Chinese mainland market this year added to the stock’s recent momentum. The company’s Executive Chairman Seth Goldman said “we haven’t announced anything, but we are expected to do something this year,” according to China’s Xinhua News Agency. His comment came on the sidelines …

Bloomberg UK carrier Flybe’s struggle for survival has highlighted a key issue facing countries as they move towards more sustainable forms of transport: very often the alternatives to aviation just aren’t there. The collapse of Britain’s biggest domestic carrier would have cut carbon emissions at a stroke. But faced with a lack of viable rail links to the often far-flung …

Bloomberg A Delta Air Lines Inc jet dumped fuel over schools in Los Angeles, causing skin irritations and breathing problems for 67 children and adults, after an engine problem forced the plane to turn around shortly after takeoff. The injuries were minor and nobody was taken to hospitals, the Los Angeles County Fire Department (LACoFD) said in a statement. The …

Bloomberg Woolworths Holdings Ltd appointed Roy Bagattini from Levi Strauss & Co as chief executive officer to replace Ian Moir, who will step down after nine years at the helm of the South African retailer. Bagattini, 56, will start next month, the Cape Town-based company said in a statement. He is the head of the Americas region of the US …

Bloomberg Target Corp tumbled after posting holiday sales that were below its own expectations and slashing its fourth-quarter sales outlook, delivering a warning sign for the entire retail sector that tougher times lie ahead. Comparable sales — a key barometre of retail performance — rose 1.4% in the November-December period, far less than last year’s 5.7% growth. Target plans to …

ABU DHABI / WAM According to statistics from the Ministry of Economy, the total value of non-oil trade between the UAE and Japan reached AED481.34 billion or $130.8 billion over the past ten years from 2009 to 2019. These statistics highlight the growing trade and economic relations between the two countries, with the value of their overall trade in the …

DUBAI / WAM DP World has won a further legal hearing against the Government of Djibouti over the Doraleh Container Terminal. A Tribunal of the London Court of International Arbitration ordered Djibouti to restore the rights and benefits under the 2006 Concession Agreement to DP World and Doraleh Container Terminal SA within two months, or pay damages. An independent expert …