It’s been five years since UK citizens voted to exit the European Union and almost 200 days since they belatedly departed. The decision looks to be working in the UK’s favour — at least on the surface. The economy will grow 6.4% in 2021, second-best among the Group of Eight developed countries, followed by a G-8 leading 5.4% gain in ...

The recent weekend chaos at US airports has left some wondering what the point was of bailing out the airline industry during the pandemic. But the hundreds of cancelled flights at American Airlines Group show why that aid was needed in the first place. American scrapped about 775 flights over the weekend and into June 21 as bad weather exacerbated ...

Forget the $9 billion of fines that came before. They barely scratched the surface. For Google, this is the big one. The European Commission announced a formal probe into the search giant’s practices in online advertising. After years of antitrust investigations, this is by a country mile the most important, because it focuses on how Google actually makes most of ...

With global inflation set to accelerate, investors accustomed to stimulus-buoyed asset prices are assessing which major central bank will be first to turn off the taps. Although attention has focused on the Federal Reserve, the Bank of England (BOE) could well initiate stepping off the monetary accelerator. The UK economy is already poised to grow by more than 7% this ...

Bloomberg New York-traded electric vehicle maker Xpeng Inc has received the green light from the Hong Kong stock exchange to list in the city, the latest homecoming share sale by a Chinese company. The company submitted an updated listing document on Wednesday, indicating it has won the bourse’s approval. The filing, which confirmed an earlier Bloomberg News report, didn’t specify ...

Bloomberg The recovery in gasoline demand across Asia from virus-driven slumps remains patchy, offering a complex picture as improvements in nations such as India are partially offset by deteriorations elsewhere. While consumption has shown signs of picking up in the region’s third-largest economy, as well as in Thailand, it’s offset by slowing demand in Taiwan, Vietnam and Malaysia, Apple Mobility ...

Bloomberg Singapore’s count of millionaires could increase by more than 60% over the five years from 2020 to 2025, according to Credit Suisse Group AG, part of a surge in millionaires expected in Asia as financial capitals emerge from the Covid-19 pandemic. The city-state may have 437,000 millionaires by 2025 compared with 270,000 in 2020, according to the bank’s 2021 ...

Bloomberg Hong Kong’s on-demand logistics and delivery firm Lalamove has filed confidentially for a US initial public offering, according to people with knowledge of the matter. The company, also known as Huolala in China, is looking to raise at least $1 billion in the share sale, the people said. Details of the offering including the fundraising amount are still subject ...

Bloomberg Russia said it used bombs and gunfire in “warning shots” to force a British Navy destroyer to leave waters it claims in the Black Sea, but the UK rejected that, saying it was likely a “gunnery exercise” that didn’t affect the ship’s planned voyage. The episode, which the Russian Defense Ministry said took place off Cape Fiolent, south of ...

Bloomberg China has profoundly changed how it deals with the outside world under President Xi Jinping, a top Australian diplomat says, describing the Asian nation as “dogged by insecurity.” “The clock has been wound back in terms of the priority accorded to ideology, quashing voices of civil society, and erecting new barriers to external connections and the free flow of ...