Policy-making for the post-pandemic period has begun. Common sense made a welcome reappearance in the debate over the sudden jump in recovery-induced inflation when Federal Reserve Chair Jerome Powell acknowledged that there are upside risks to the US central bank’s forecasts that aggressive price gains in some sectors will fade away. Though a lot of the recent surges may indeed ...

Thousands of miles from the corridors of the Federal Reserve and European Central Bank, a struggle between competing views on inflation is unfolding. Two emerging-market icons are watching prices jump and steering very different courses: Brazil is cracking down, while India prefers to wait and hope the phenomenon flames out on its own. Which of the two approaches proves most ...

Venezuela’s strongman sounds desperate. In an interview with Bloomberg News, Nicolas Maduro pleads with US President Joe Biden to lift the crippling sanctions on his country imposed by former President Donald Trump. “If Venezuela can’t produce oil and sell it, can’t produce and sell its gold, can’t produce and sell its bauxite, can’t produce iron, etcetera, and can’t earn revenue ...

US regulators are toughening their stance on Chinese makers of surveillance cameras and other hardware. By turning to an old playbook, though, Washington is diverting focus from the future and diminishing America’s ability to remain a global technology leader. The Federal Communications Commission (FCC) proposed a ban on use of certain telecommunications products and other electronics made by Chinese companies, ...

Bloomberg Boeing Co’s biggest 737 Max model lifted off into brilliant blue skies for the first time, marking another milestone in the jet family’s comeback from tragedy and a lengthy grounding. The stretched narrowbody jet rumbled down a runway adjacent to the Renton, Washington, factory where it was built and took flight at 10:07 am local time. After performing aerial ...

Bloomberg Deutsche Lufthansa AG said it plans to repay billions of euros in aid from the German government before the country’s federal election on September 26. Europe’s biggest airline is working on measures to secure the refinancing “hopefully before the general election,” Chief Executive Officer Carsten Spohr said at Germany’s National Aviation Conference. The comments are a sign of increasing ...

Bloomberg Shares of Philippine Airlines’s parent company were suspended from trading after its auditor issued a disclaimer of opinion on its annual report. The Philippine stock exchange suspended trading of PAL Holdings Inc shares from 9:30 am, extending a halt imposed when the company submitted its annual report that showed it posting a record loss in 2020 due to the ...

Bloomberg The airport in Shenzhen, a Chinese city neighbouring Hong Kong, tightened controls on entry to its facilities after a restaurant employee was found to carry the delta coronavirus variant. All visitors to the terminals and ground traffic centre must provide a negative nucleic-acid test administered within the prior 48 hours, according to a statement posted on Shenzhen Airport Group’s ...

Bloomberg Ocado Group Plc lost the latest court clash with rival AutoStore Technology AG after a London judge refused to grant an injunction that would stop the use of certain information in a separate US patent infringement case. In an increasingly bitter dispute between the two companies that both provide automated grocery delivery systems, online grocer Ocado sought to restrain ...

Bloomberg Troubled flag carrier PT Garuda Indonesia put off the payment on its Islamic debt once again, highlighting its financing crunch as the firm tries to avoid bankruptcy. The Southeast Asian airline, struggling as the pandemic depresses air travel worldwide, said it “will continue to defer the periodic distribution amount due on June 3, 2023,” in a filing to the ...