Bloomberg China said it would hit back at nations that placed Covid restrictions on its travellers for “political goals,” showing the coronavirus remains a politically sensitive subject in Beijing even as it lets the virus run rampant. “We believe that some countries’ entry restrictions targeting only China lack scientific basis and some excessive measures are unacceptable,” Foreign Ministry spokeswoman ...

  Bloomberg Within months of a 2008 fatal plane crash that killed five, federal authorities revoked the license of the Oklahoma company that arranged the charter flight for allegedly doing so illegally. But Interstate Helicopters Inc won back its certificate to fly commercially early the next year and has kept it despite multiple subsequent violations of aviation regulations, a guilty ...

  Bloomberg Spain will require passengers arriving from China to provide a negative Covid test or a certificate proving full vaccination amid increasing concern about a renewed surge of the virus. The government in Madrid also wants a European Union crisis-response meeting at which the bloc should agree to demand evidence of full vaccination from Chinese arrivals, Health Minister Carolina ...

  Bloomberg Rolex SA raised prices in the US and UK by an average of about 2.5%, the latest increases for the top Swiss watch brand, according to analysts at Barclays. The price of the most popular Rolex models rose between 1% and slightly more than 3% in both the UK and the US in the start of this year, ...

  Bloomberg A warmer-than-expected start to winter across large parts of the world is rapidly easing fears of a natural gas crisis that had been predicted to trigger outages and add to pressure on power bills. Forecasts point to temperatures above seasonal norms for most of Europe in the next two weeks, while the US expects better weather through mid-January. ...

  Bloomberg Asia’s manufacturers remained under pressure in December as activity continued to contract under the weight of slowing global demand. Several purchasing managers indexes were in negative territory across the region. The S&P Global PMI reading for Vietnam fell to 46.4 from 47.4 in November, its lowest reading since September 2021. A reading above 50 indicates expansion from the ...

  Bloomberg Malaysia expects “some kind of finality” in its review of the 5G mobile services contract by this quarter, said Communications Minister Fahmi Fadzil, amid fears that it would delay the rollout of the high-speed network. The government’s concerns with the 5G services range from the contracts signed to the speed that the network is being deployed, Fahmi said ...

  Bloomberg Singapore’s recovery held up in 2022, with a relatively strong year-end performance shoring up the economy ahead of an expected global slowdown this year. Gross domestic product grew 3.8% during the year, according to advance estimates from the Ministry of Trade and Industry. That’s a slight beat from the government’s projection for a 3.5% annual expansion. The better-than-forecast ...

  Bloomberg Hyundai Motor Co sold 3.94 million vehicles last year, short of its 4.01 million target as the pandemic, supply disruptions, inflation and concerns of recession continued to strain the industry. Hyundai, which already cut its 2022 forecast from 4.32 million vehicles in October, expects global sales to reach 4.32 million units in 2023 — 3.54 million overseas and ...

  Bloomberg China’s economy ended the year in a major slump as business and consumer spending plunged in December, with more disruption likely in the first few months of the year as Covid infections surge across the country. Official data showed the decline in manufacturing worsened last month, while activity in the services sector plunged the most since February 2020. ...