The European Central Bank reckons that financial market uncertainty, as measured by how far stocks, bonds and the euro are from historical norms, is currently close to zero, in contrast with elevated uncertainty during the recessions of 2009 and 2013. The sheer range of known unknowns for 2017 — the outlook for China’s economy, the effect of populism on …

  Bloomberg Air travellers globally are bracing for higher fares after Opec decided last month to cut output. Not in India, the world’s fastest-growing major aviation market. Carriers cut fares in November, selling tickets about 12% cheaper on average for Mumbai-New Delhi flights from a year ago, according to Yatra.com, India’s No. 2 online travel agency. The steepest discounts were …

  Bloomberg Boeing Co. is making deeper job cuts in its commercial airplane business and planning further reductions for 2017, citing “fewer sales opportunities and tough competition.” The US planemaker will trim the workforce in its largest division by 8 percent by the end of this year compared with the January level, Boeing Vice Chairman Ray Conner and Kevin McAllister, …