Bloomberg Thailand will slash the excise tax on diesel for three months to lessen the impact of soaring global crude prices as inflation emerges as the latest threat to the economic recovery. The cabinet agreed to cut the levy by 3 baht ($0.09) per liter until May 20, Thanakorn Wangboonkongchana, a government spokesman, said in a statement. The lower ...

  Walmart Inc is defying fears that rising prices will derail the consumer recovery. The world’s biggest retailer announced better-than-expected quarterly profit and delivered an upbeat outlook for US same-store sales this fiscal year. The shares rose as much as 3% in pre-market trading. It’s good news, but it really shouldn’t be a surprise. Although other retailers may be fretting, ...

Even as omicron infection rates plummet, preparations must be made for whatever Covid-19 throws at us next. The best-case scenario is that we live with an endemic virus that causes only mild infections in most people who are vaccinated. But the possibility remains that new variants will arise. A good way to prepare for any eventuality is to develop new ...