BLOOMBERG Citigroup Inc’s clients are shifting supply chains away from China in a trend that is likely to last for years, according to David Livingstone, the lender’s chief executive officer for Europe, the Middle East and Africa. The Wall Street giant remains positive on China but a recalibration of global supply chains that’s been underway since the Covid pandemic has ...

BLOOMBERG The yen has room to weaken further as Japan’s deteriorating international trade position adds to pressure to maintain a softer currency, potentially hindering the Bank of Japan’s (BOJ) scope to battle inflation with tighter monetary policy. The Japanese currency has already slumped more than 7% since mid-January, reversing the bulk of the gains it made after the BOJ officials ...

BLOOMBERG Airbus SE is advising customers they’ll face longer waits for its newest jetliner, the long-range A321XLR, according to people familiar with the matter, adding to pressure on carriers trying to source planes to meet surging demand for travel as Covid fades. The delays vary by airline, with deliveries typically sliding by a matter of months, the people said, asking ...