Peter Mandelson, spirit guide to former British Prime Minister Tony Blair, blamed the two “C”s for the Labour Party’s shattering defeat in a parliamentary by-election last week: “Covid and Corbyn.” The opposition party put up a poor showing in important local contests across the country, but the loss of Hartlepool to Boris Johnson’s Tories cut deep. On the doorsteps of ...

In the run-up to the US employment report, the forecasts of both economists and Wall Street analysts had migrated higher and pointed to an incredibly strong job creation number for April. What materialised, however, was a huge disappointment that constituted the biggest data miss on record. While firm conclusions about the reason will have to wait for more data over ...

Bloomberg Flush with bailout funds, Air Canada called on the government of its home country to lay out a plan for reopening borders as vaccination progresses. Canada’s biggest air carrier is in a position to ramp up operations after reaching a deal for nearly C$5.9 billion ($4.8 billion) in debt and equity with the federal government last month. Chief Executive ...