Bloomberg Former White House trade adviser Peter Navarro was warned he’ll be considered in “willful noncompliance” with a Congressional subpoena if he fails to testify to a House panel investigating the Trump administration’s response to the Covid-19 pandemic. Representative James Clyburn, the committee’s chairman, didn’t specify possible consequences in a letter to Navarro. Navarro told the panel in a ...

    Bloomberg UK business groups called for government support after Prime Minister Boris Johnson announced restrictions to curb the spread of the omicron variant, which Bloomberg Economics estimates could cost the economy as much as 2 billion pounds ($2.6 billion) a month. In remarks following Johnson’s televised address to the nation, business groups said the measures, which include advice ...

  Bloomberg Spanish inflation accelerated to the fastest in nearly three decades in November on rising food prices, underscoring the lingering consequences of supply-chain bottlenecks across Europe. Consumer prices jumped 5.6%, national data showed — the highest since September 1992. The European Union-harmonised measure also came in at that level, matching the median forecast in a Bloomberg survey. A national ...