In less than a month, two unusual things happened at the People’s Bank of China (PBOC). First, it no longer required banks to set aside cash if clients wanted to short the yuan. This makes betting against the currency cheaper, and allows room for the yuan to weaken. Second, the PBOC removed the so-called counter-cyclical factor, one of the three ...

Bloomberg Overseas travel from England that’s not related to work will be prohibited to help curb a resurgence of the coronavirus, throwing airlines into a fresh crisis. The new rules, part of a wider partial lockdown by Prime Minister Boris Johnson, will apply from Thursday until December 2 and come as the industry struggles to survive a collapse in demand. ...

Bloomberg Two of the top beauty products subscription services are merging. Ipsy has agreed to buy Miami-based rival BoxyCharm Inc, a pairing that will create a combined business with more than 4.3 million subscribers and $1 billion in revenue this year, according to the company. Ipsy and BoxyCharm will operate as separate brands in a merged company called BFA Industries, ...