Bloomberg Hong Kong’s new leader, John Lee, declared the city must balance reducing travel inconvenience with limiting the spread of Covid-19, signaling a cautious virus approach. Lee said Tuesday that he’d asked Health Secretary Lo Chung-mau to assess the “evidence and statistics to see how we can, while on the one hand, contain the spread of the pandemic and, ...

  Bloomberg The European Central Bank (ECB) is exploring ways to prevent banks from earning windfall profits from the subsidised lending program it launched during the pandemic, once it raises interest rates later this month, according to a report by the Financial Times. The ECB provided €2.2 trillion of subsidized loans to banks during the Covid-19 crisis to avoid a ...

Bloomberg UniCredit SpA is considering selling its Russian unit through a structure that would allow the bank to repurchase the subsidiary if the geopolitical situation stabilizes, according to people familiar with the matter. Italy’s second-largest lender is looking at several possible deal arrangements, including one that would give it the option of buying back the unit depending on market and ...