Bloomberg Stocks in Europe edged higher on Wednesday along with US equity-index futures as investors assessed the economic implications of the omicron coronavirus outbreak. Treasuries and the dollar were steady. The Stoxx Europe 600 index nudged to within a whisker of another record, with retailers outperforming. Technology shares declined, following the sector’s retreat in Asia and the US. Contracts …

  Bloomberg Global remittances will likely grow by $34 billion this year and about $31 billion in 2022, reversing last year’s decline, as economies recover from the impact of the coronavirus pandemic, according to the Asian Development Bank (ADB). Estimated remittance growth of 4.8% globally this year reflects a comparison to last year’s low base, as well as migrant workers’ …

  Bloomberg Flight cancellations that disrupted US travel over the Christmas weekend stretched further, with winter storms further pressuring carriers that were already short-staffed because of spreading Covid-19 cases. About 1,160 US flights were cancelled on December 27 after more than 2,800 were dropped over the weekend, according to data from FlightAware.com. One of the hardest-hit carriers was Alaska Air …