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Germany warns it will act to secure sufficient gas-storage operators

  Bloomberg Germany will step in if gas-storage operators fail to fill facilities sufficiently to comply with new requirements, as the government takes a tougher line to secure supplies for next winter. Under the new rules — approved by the upper house of parliament on Friday and due to take effect from May 1 — operators must fill storage facilities ...

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Putin has fallen victim to the dictator’s disease

Last weekend saw the re-election of the man often thought of as Europe’s proto-Putin: Viktor Orban, the Hungarian prime minister who has attacked his country’s democracy while seeking to weaken the European Union and North Atlantic Treaty Organization (Nato) from within. Yet Orban should be careful whom he emulates. If Russian President Vladimir Putin’s recent performance is any indication, he ...

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Luxury business comes back to US

From Gucci’s 10,000-square-foot store on the site of a former pencil factory in SoHo to Hermes’ two-story flagship in a New Jersey mega-mall, America hearts luxury. And that’s a good thing for the industry, because with Shanghai in lockdown and European demand potentially hurt by the war in Ukraine, the US once again is picking up the bling baton. In ...

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China’s leaders refuse to take Covid ‘lying flat’

  In the US and Europe, the phrase “living with the virus” refers to reopening the economy and trusting that vaccines work. Not in China. In the public discourse, that would be tantamount to “lie flat,” a catchphrase for encouraging inaction — an approach that has grown so popular that it drew a condemnation from President Xi Jinping last year. ...

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Who will buy bonds the Fed no longer wants?

  The bond-market beatings will continue until morale improves. It’s not been much fun investing in fixed income in recent months. The three-year US Treasury yield, for example, has risen fivefold since the start of October; the ascent shows little sign of abating. If bond traders are correct in their prognosis that inflation has raced to become endemic rather than ...

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Kenya Air, SAA plan investor search for pan-African carrier

  Bloomberg Kenya Airways Plc and South African Airways are planning a series of investor roadshows to help find a financial backer for a combined airline group they aim to create next year. The campaign to attract a majority investor for a holding company to be modeled on British Airways and Iberia owner IAG SA is likely to start before ...

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DHL jet skids off runway, breaks up in Costa Rica

Bloomberg A Boeing Co 757 cargo jet operated by DHL broke in two after skidding off the runway at Juan Santamaria International airport in Costa Rica. The crew reported hydraulic problems with the 22-year-old aircraft after takeoff and made an emergency landing, according to a statement from DHL. The two pilots escaped without serious injury and the company has launched ...

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Archer Aviation sues Boeing over smears in air taxi wars

  Bloomberg Archer Aviation Inc sued Boeing Co, in an escalation of a feud over technology in the race to develop flying taxis. Archer claims that it has been the victim of a smear campaign by Boeing, via its joint venture with Google co-founder Larry Page. Wisk Aero LLC, Boeing’s joint venture with Page’s Kitty Hawk Corp, sought “to halt ...

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Thailand eases testing rules for visitors to boost tourism

Bloomberg Thailand plans to scrap a mandatory polymerase chain reaction test on arrival for foreign visitors from next month as the Southeast Asian nation steps up efforts to attract more tourists amid a rebound in global travel. The RT-PCR tests will be replaced with antigen tests at the airports, Deputy Health Minister Satit Pitutecha told reporters in Bangkok after a ...

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