Last week’s surprisingly bad news on inflation — prices rose 8.6% in the year to May, the highest for 40 years — and the financial markets’ anxious reaction have seriously complicated the Federal Reserve’s job. With policy makers set to announce their latest interest rate decision along with projections for the rest of this year, the Fed’s prospects for ...

  Bloomberg Cathay Pacific Airways Ltd continues to experience a very high rate of pilot resignations, and may improve allowances and benefits to appease crew who took deep pay cuts to help Hong Kong’s flag carrier navigate its way through the city’s Covid-19 crisis. “We still have resignation rates at much higher levels than we’ve historically had,” Chief Operations and ...

  Bloomberg Boohoo Group Plc is considering charging customers to send back garments as an increasing rate of returns crimps sales at the fast-fashion retailer. The British firm, whose business is purely online, is looking at returns across all markets, Chief Executive Officer John Lyttle said, at a time when many retailers are trying to manage logistics costs. While Boohoo ...