A further spike in US inflation — prices were 7.5% higher than a year ago, the fastest increase for 40 years — was the last the thing the Federal Reserve wanted to see as it weighed its next moves in monetary policy. It had led investors to expect a very gradual increase in interest rates starting next month. Already ...

  Bloomberg Hong Kong reported another record number of coronavirus cases, as well as two more deaths, with the worsening outbreak straining health-care resources and ramping up pressure on the government’s steadfast push for Covid Zero. Authorities announced 1,325 infections on Friday, alongside more than 1,500 preliminary positive cases. That’s up from just 614 on Monday. The city said it ...

  Bloomberg London’s Gatwick Airport will reopen its second terminal as easing Covid-19 restrictions give airlines confidence to add flights amid a budding travel rebound. The south terminal, mothballed nearly two years ago to cut costs, will help meet expected strong demand this summer, Gatwick said in an emailed statement. It will open on March 27, three weeks before Easter, ...