Bloomberg London Heathrow airport’s losses from two years of Covid disruption swelled to 3.8 billion pounds ($5.2 billion), leaving its finances hanging on a summer travel rebound and the go-ahead from regulators to raise prices. The UK hub had a loss of 1.8 billion pounds last year after passenger numbers slumped to 19.4 million, the lowest since 1972, Heathrow ...

Bloomberg US President Joe Biden unveiled sanctions targeting Russia’s sale of sovereign debt abroad and the country’s elites, responding to what he described as the start of Vladimir Putin’s invasion of neighboring Ukraine. “He’s setting up a rationale to take more territory by force,” Biden said at the White House. “This is the beginning of a Russian invasion of Ukraine.” ...

Bloomberg Ukrainian authorities moved towards declaring a nationwide state of emergency after Russian President Vladimir Putin recognized two breakaway territories, ratcheting up tensions with Kyiv and sparking concerns about a potential broader conflict. The measure, announced by Security and Defense Council Secretary Oleksiy Danilov in Kyiv on Wednesday, would empower communities across the country of 41 million to impose restrictions. ...