The bond-market beatings will continue until morale improves. It’s not been much fun investing in fixed income in recent months. The three-year US Treasury yield, for example, has risen fivefold since the start of October; the ascent shows little sign of abating. If bond traders are correct in their prognosis that inflation has raced to become endemic rather than ...

  Bloomberg Kenya Airways Plc and South African Airways are planning a series of investor roadshows to help find a financial backer for a combined airline group they aim to create next year. The campaign to attract a majority investor for a holding company to be modeled on British Airways and Iberia owner IAG SA is likely to start before ...

Bloomberg A Boeing Co 757 cargo jet operated by DHL broke in two after skidding off the runway at Juan Santamaria International airport in Costa Rica. The crew reported hydraulic problems with the 22-year-old aircraft after takeoff and made an emergency landing, according to a statement from DHL. The two pilots escaped without serious injury and the company has launched ...