Marc Rich, the infamous godfather of the modern commodity trading industry, thought he could squeeze the global metals market at will. It was a time of swashbuckling trading in the City of London — regulation was lax and traders did as they saw fit. In 1992, he targeted the zinc market, amassing a huge position on the London Metal Exchange. ...

  In private Telegram groups and on Russian Twitter, Russian-speakers around London share outrage over Vladimir Putin’s war on a neighbouring country and brother nation and the wanton destruction it has brought. Sardonically, they refer to the botched battle plan and military snafus in English as a BlitzCringe. They’re done with Russia and yet they can’t be free of it. ...

Bloomberg Cathay Pacific Airways Ltd is once more burning through cash as Hong Kong’s spiraling Covid-19 outbreak reduces the airline’s flying to a trickle. The carrier will go through between HK$1 billion ($128 million) and HK$1.5 billion every month “until conditions improve,” CEO Augustus Tang said. It’s a swift and bleak reversal for the city’s marquee airline. Tang said in his ...