Amid the Covid-19 crisis, three out of four Indians are experiencing their first recession. As might be expected, women are bearing the brunt of the pain — and the consequences could be long-lasting. A tiny elite of urban, educated women has benefited from the shift to remote work under lockdown: A recent study released by LinkedIn, based on internal data ...

British Prime Minister Boris Johnson and members of his government risk significant political damage for their decision to introduce extremely tough restrictions on London and parts of the southeast England and withdraw a significant part of the social accommodations they had announced for Christmas gatherings. Yet as Johnson said in a widely watched briefing to the nation, “when the science ...

JPMorgan Chase & Co CEO Jamie Dimon made no secret that he wanted to buy back some of the bank’s stock before the roaring equity market rally took it too far. “I hope we can do it before it goes way up,” he said in July. Five months later, right in the heart of the holiday season, the Federal Reserve made ...

It’s easy to get caught up in oil’s recovery. After an exceptionally fraught year, hopes are high that putting 2020 soundly behind us can only mean better days. But there’s still a long way to go to get back to anything like normal. That hard reality didn’t stop crude prices from rising by $14 a barrel, or 37%, since the ...

Bloomberg British Airways and Virgin Atlantic Airways Ltd aren’t offering refunds to passengers who cancel year-end trips because of new UK coronavirus rules, even as regulators investigate airlines’ earlier refusal to hand cash back to customers caught in lockdown. IAG SA-owned BA will grant ticket holders a voucher or let them switch to a later date, it said in an ...

Bloomberg Celebrating the holidays might be pretty ho-hum, but one area that’s booming is toys. After a terrible year of remote school, cancelled birthday parties and little vacationing, parents and grandparents ridden with so-called “Covid guilt” are spending a lot more on puzzles, crafts and games. And this is setting up the US industry for its best Christmas in years—and ...

Bloomberg The rollout of vaccines against Covid-19 has intensified debate about whether they should be made mandatory, with the head of a major tourism lobby saying that doing so would cause irreparable harm to the struggling sector. “I don’t think governments will require vaccination next year” for travel, Gloria Guevara, head of the World Travel and Tourism Council, said at ...

Bloomberg Canadian transportation authorities validated changes to Boeing Co’s 737 Max ordered by US regulators, putting the jetliner a step closer to flying again in the northern nation. In a statement, Transport Canada said it has completed its review of design fixes mandated by the Federal Aviation Administration in November — calling it “an important first step” towards re-certification. The ...

Bloomberg Cathay Pacific Airways Ltd carried just 37,815 passengers in November, down 98.6% from a year earlier, and warned that its second-half losses will be significantly worse than the HK$9.9 billion ($1.3 billion) hemorrhage in the first six months. Average passenger capacity in the second half is only likely to be 8.4% of pre-pandemic levels, compared with 34.3% in the ...

Bloomberg President Donald Trump downplayed the severity of a massive cyber-attack on the US government and suggested China may have been responsible — even as other US officials are convinced Russia was the perpetrator. In doing so on Twitter, the president contradicted assessments from senior officials within his own administration who’ve blamed Moscow for the intrusion of at least half ...