Digital finance is booming, with the value of cryptocurrencies outstanding reaching more than $2 trillion from almost nothing a decade ago — almost entirely without regulatory oversight to protect investors and the broader financial system. This is not likely to end well, unless officials intervene in a thoughtful way. So what should they do? One option is to avert disaster ...

As if there weren’t enough problems right now, the world is facing the threat of an oil embargo. No, not black gold — red gold, better known as palm oil. Prices gyrated after Indonesia, which produces about two-thirds of the global crop, promised to halt exports of the deep-orange edible fat to calm domestic food prices in the run-up to ...

  Bloomberg Hong Kong’s latest moves to ease travel into the financial hub are getting a lukewarm reception from the business community and airlines. After months of criticism, the government is loosening a policy that suspends passenger flights for bringing in Covid-19 cases. It is also allowing all non-residents to enter the city for the first time in more than ...

  Bloomberg Air India Ltd, which was taken over by Tata Sons Pvt in January, has offered to acquire the entire share capital of AirAsia India, according to a filing with the country’s anti-trust regulator. The proposed offer seeks to buy the residual stake held by AirAsia Bhd, the filing on the website of the Competition Commission of India showed. ...

Bloomberg Malaysia relaxed virus restrictions including mask mandates and testing at airports as the Southeast Asian nation adjusts to living with Covid. The country is scrapping mandatory virus tests on all incoming vaccinated travellers beginning from May 1, an exemption it had initially bestowed to Singapore alone. Wearing masks outdoors will also be optional and physical distancing is no longer ...

Bloomberg Harry’s Inc catapulted to fame by selling sleek, low-priced razors over the internet. A decade on, it’s now generating more than half of its sales from brick-and-mortar stores, its founders said. The closely held company, which made a splash taking on what founders Andy Katz-Mayfield and Jeff Raider saw as big corporations’ overpriced offerings, is seeing the sales payoff ...

  Bloomberg Ryanair Holdings Plc accused Poland of discrimination amid an ongoing dispute between the government and the country’s air traffic controllers. The airline filed a complaint with the European Union against Poland, saying that the local regulator is breaking the bloc’s rules by unfairly prioritising national carrier PLL Lot. According to Ryanair, its Polish competitor is favoured by route ...

  Bloomberg JetBlue Airways Corp, hammered by delays and cancellations this year, is cutting its summer schedule by more than 10% from original plans and reining in growth ambitions for the full year. The Long Island City, New York-based carrier is reducing flights for a second time this year as it now projects growth of between zero and 5% and ...

Bloomberg A special court in Myanmar sentenced Aung San Suu Kyi to five years in prison in the first of several corruption charges leveled against the deposed civilian leader, according to a person familiar with the matter. The judge handed down the verdict immediately after convening the court, said the person who declined to be named as he is not ...

Bloomberg Taiwan’s military says it plans on using lessons learned from the two-month-old war in Ukraine during annual exercises the island relies on to defend itself from any invasion by China. The Defense Ministry made the announcement, when it said war games would be held May 16-20 and live-fire drills July 25-29. Scenarios for the annual Han Kuang exercises “will ...