For the first time in a long while, there’s good news about Covid-19. The omicron wave is cresting in the US, and in many states is already receding. A respite from Sars-CoV-2 could well follow. And if new variants eventually emerge, it may be possible to live with them — that is, without shutting businesses, always wearing masks, and social ...

  Between Ukraine, Iran, Taiwan and Afghanistan, President Joe Biden has more than enough global problems to focus on. Unfortunately, he needs to add one more: North Korea. Dictator Kim Jong Un has ushered in the new year with a barrage of missile launches — 11 so far, including what now appears to have been the first test of an ...

  Bloomberg Rahul Bhatia, the billionaire co-founder of IndiGo, is taking on a newly-created executive position of managing director at the company, after the biggest budget carrier in Asia by market value posted a surprise quarterly profit. The appointment of Bhatia, which is effective immediately, signals a truce with fellow co-founder Rakesh Gangwal, who had accused Bhatia of corporate governance ...

  Bloomberg Kenya Airways Plc has selected financial advisers at Seabury Consulting to help the airline evaluate options to restructure its debt load, according to people with knowledge of the matter. The airline, in which the Kenyan government has a 48.9% stake, faces mounting debts and depressed passenger demand amid pandemic-related travel restrictions. A representative for Kenya Airways said the ...

    Bloomberg Nestle SA agreed to acquire a majority stake in Orgain, a maker of plant-based protein powders and other products, expanding its nutrition portfolio. Butterfly Equity and Orgain founder Andrew Abraham will keep a minority stake, staying on as chief executive officer, the companies said, confirming an earlier report by Bloomberg about the sale. Financial details weren’t disclosed, ...

    Bloomberg Starbucks Corp. shares pared an earlier loss in late trading after the company released an updated forecast that only projects a slight impact on profits despite a surge in costs related to labor and the ongoing pandemic. The company now sees earnings per share falling 4% to 6% in its current fiscal year, versus a prior view ...

  Bloomberg Sydney Airport shareholders overwhelmingly approved a A$23.6 billion ($17 billion) deal to sell the company to a consortium of funds, transferring Australia’s main international gateway to private ownership after the pandemic hammered earnings. Some 96% of votes cast at a shareholder meeting on Thursday backed the sale to a group led by IFM Investors Pty for A$8.75 a ...

  Bloomberg Vladimir Putin and Xi Jinping closed ranks against the US and its allies on key security issues as they declared that there’s no limit and “no forbidden zones” in the friendship between Russia and China. At their first in-person meeting in more than two years Friday, Putin and Xi said in a joint statement that China “treats with ...

  Bloomberg President Joe Biden said a “major terrorist threat” was eliminated during a US raid in northwest Syria in which IS leader Abu Ibrahim al-Hashimi al-Qurayshi was killed. “Thanks to the bravery of our troops this horrible terrorist leader is no more,” Biden said in remarks at the White House after announcing earlier that he had ordered the US ...

  Bloomberg The crisis engulfing Boris Johnson’s government deepened as four top aides quit, with one unleashing a devastating attack on his judgment. The UK prime minister’s chief of staff, Dan Rosenfield, and his principal private secretary, Martin Reynolds both resigned on Thursday, as did his director of communications, Jack Doyle. Chancellor Rishi Sunak also gave a subtle rebuke to ...