The central bank needs some new tools to navigate the unique challenges that are likely to confront the euro-zone economy. The war in Ukraine has left Europe facing both greater supply chain disruptions and higher prices for raw material, problems exacerbated by the region’s dependency on Russia energy. Against this backdrop, the European Central Bank (ECB) must find a ...

Bloomberg Travel disruption continued to hit UK holidaymakers as officials warned of expected queues at airports later in the week and motorists faced fuel shortages. Both EasyJet Plc and British Airways had more cancellations, though the airlines said those flights had been called off in advance. According to FlightAware data, British Airways canceled 7% of flights today and delayed 19%. ...

  Bloomberg Sichuan Airlines Corp suspended one of its employees after contentious comments he posted online were unearthed, highlighting growing jitters in China after a deadly air crash last month. An internet user took to Weibo to ask the carrier to prevent the staff member in question — identifiable as an ethnic Mongolian Chinese national called Ayingga — from flying ...