“Why, sometimes I’ve believed as many as six impossible things before breakfast.” — the White Queen. Analysts trying to evaluate the prospects for a revival of Hong Kong’s economic fortunes under a new chief executive might be better off discarding their political science manuals and consulting Lewis Carroll’s “Through the Looking Glass.” Assessing whether events will follow the course ...

  Bloomberg An amendment to European Union sanctions created a potential path for some aircraft financiers to sell jets held in Russia to the airlines now operating them without permission. The measure will allow EU governments to grant permission for entities in their states to keep receiving payments from Russian companies on so-called financial leases signed before February 26. Ownership ...

  Bloomberg Bed Bath & Beyond Inc blamed an unexpected fourth-quarter loss and slowing sales on global supply-chain disruptions and weakening consumer confidence. The retailer said that an “abnormally high” level of inventory was in transit, unavailable or held at ports through the early part of this quarter. That contributed to a larger-than-expected drop in sales and has thrown a ...

  Bloomberg American Airlines Group Inc was sued by its pilots union to block a plan that would seek volunteers to help with flight-simulator training amid record hiring. The plan would violate the Railway Labor Act, which prohibits unilateral changes to contracts between airlines and their unions, according to the suit, filed by the Allied Pilots Association (APA) in a ...

Bloomberg Uniqlo operator Fast Retailing Co rose the most in more than three weeks after reporting a 27% jump in quarterly operating profit and kept its outlook for the fiscal year despite the shutdown of its Russian operations and the resurgence of Covid in China that are fueling uncertainty in clothing sales across the world. Operating profit rose to 70 ...

  Bloomberg Japanese convenience store operator Lawson Inc will raise the prices of its beloved chicken nugget snack “Karaage-Kun” for the first time since it was introduced in 1986. The price of the five-pack nuggets, sold in a paper envelope with a toothpick and a chicken illustration that’s instantly recognisable to anyone in the country, will increase 10 percent to ...

Bloomberg Brazil’s retail sales rose more than forecast on gains in categories such as fuels, clothing and electronics, as cases of the Omicron variant of the coronavirus plunged. Sales rose 1.1% in February from the month prior, more than the 0.3% median estimate from analysts in a Bloomberg survey. At the same time, January’s increase was revised higher to 2.1%. ...

Bloomberg A group of senior US senators delivered a message of support for Taiwan during a visit, a move that China answered with a display of military force. Members of the delegation, including Republican Lindsey Graham, told Beijing that the US will start making China account for bullying Taiwan and supporting Russian President Vladimir Putin’s invasion of Ukraine. “Here is ...

  Bloomberg Three Russian government officials were charged with conspiring to affect US policy towards Russia with staged events and propaganda — including efforts to influence members of Congress. An indictment against Aleksandr Babakov, deputy chairman of the state duma, Russia’s lower legislative body, and two members of his staff was unsealed in Manhattan federal court. Babakov, Aleksandr Vorobev and ...

  Bloomberg Frank James, the man arrested on federal terrorism charges for allegedly opening fire in a packed New York subway car, was ordered held without bail after prosecutors argued he posed a “serious and ongoing danger to the community.” Ten people were shot and 13 others injured during the melee that erupted after the rush hour assault in Brooklyn. ...