More than a decade after Lloyd Blankfein, then-boss of Goldman Sachs Group Inc, claimed banks do “god’s work,” the finance industry still struggles to convince the public it’s a force for good. A new chapter in this debate has erupted in Europe where hedge funds and national governments can’t agree on what constitutes “good” financial speculation. Funds who bet that ...

Since the summer, it’s not been a fun time to be a central banker: What with not-so-transitory inflation playing havoc with official targets and leading to some pretty terrible attempts at forward guidance. Let’s look at Bank of England (BOE). But the Old Lady of Threadneedle Street has not been the only major institution struggling to chart a clear course ...

Bloomberg EasyJet Plc said the omicron variant of Covid-19 is impacting short-term demand but hasn’t yet derailed a recovery in air travel. The UK discount carrier has reined in capacity plans for the current quarter as some customers with reservations delay flying and others put off booking, it said in a statement. Demand for city-to-city flights has taken the biggest ...