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. ...

  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 ...

  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 ...

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 ...

  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 ...

  Bloomberg The Austin airport doesn’t have enough fuel for its flights, but plans to build new storage tanks are running into stiff opposition from neighbours in Texas’s booming capital. For homeowners trying to preserve Austin in the face of exploding growth, the airport fight is the latest in a series of squabbles over the fate of the city. A ...

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 ...

  Bloomberg Nestle SA said access to food is a basic right and a key value for the world’s largest food company following criticism the Swiss firm didn’t scale down its Russian activities quickly enough after the war in Ukraine started. After pressure built up, Nestle said it suspended the vast majority of manufacturing in Russia while maintaining the sale ...

Bloomberg Dozens were killed and injured as Russia bombed a major rail evacuation hub on the eastern flank of the territory held by the government in Kyiv, Ukrainian officials said Friday. At least 39 were killed and more than 80 were injured when at least one Russian “Tochka-U” missile with cluster munition hit the main train station in Kramatorsk, a ...

Bloomberg As Sweden and Finland deliberate joining Nato, the two countries are seeking more clarity on how to bridge the gap between filing their applications and when the military alliance’s security guarantees would kick in with full membership. While there is little sign that the two Nordic nations would struggle to secure acceptance, Russia has repeatedly warned both against joining ...