Bloomberg Some of the world’s biggest funds are switching toward emerging-market equities in a bet their central banks have less need to raise interest rates after tightening before their developed-nation peers last year. Goldman Sachs Asset Management and BNP Paribas Asset Management are among those buying the shares on expectations the most attractive valuations in more than a decade …

  Bloomberg The surging Omicron variant is complicating the recovery for a world economy that continues to be wracked by supply chain chaos, worker absenteeism and faltering assembly lines. Supermarkets are struggling to stock shelves amid chronic staff shortages. Airlines are grounding flights. Manufacturers are facing disruption and shipping lines remain backed up. At the same time, surging energy prices …

  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 …