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India brings back Covid tests for flyers from Asian nations

  Bloomberg India will reintroduce mandatory Covid-19 tests for flyers coming from a number of major Asian nations, including China, amid fears of a fresh wave of infections hitting the world’s second-most populated country. RT-PCR tests will be required from travellers coming from China, Hong Kong, Japan, South Korea, Singapore and Thailand, effective from January 1, India’s Health Minister Mansukh ...

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Southwest reins in flight cancellations

  Bloomberg Southwest Airlines Co has cancelled just over three dozen flights for Friday, suggesting the beleaguered carrier may be close to resuming relatively normal operations after a meltdown stranded thousands of passengers. Friday’s tally of 39 cancelled flights has been consistent for the past day, according to flight tracker FlightAware.com. The website so far lists no Southwest flights that ...

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TSMC starts mass production of advanced chips in Taiwan

  Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) kicked off mass production of next-generation chips on Thursday, ensuring the island remains the linchpin of a critical technology fought over by governments from Washington to Beijing. The primary chipmaker for Apple Inc began bulk production of advanced 3-nanometer chips at its Tainan campus in southern Taiwan. In doing so, TSMC follows Samsung ...

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India food program rehaul is politically deft: Nomura

  Bloomberg India’s move to restructure the world’s biggest food program is a fiscally prudent and a politically deft move, according to Nomura Holdings Inc. The withdrawal of the free food plan was always going to be politically tricky, but the simultaneous reorientation of the food public distribution system makes it an easier political sell, Nomura economists Sonal Varma and ...

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Russia fires heavy salvo on Ukrainian cities

Bloomberg Russia rained scores of missiles on Ukrainian cities in one of its heaviest barrages of the war, pressing further with a campaign to destroy civilian targets as Moscow spurned the prospects of talks to end the invasion. In the 10th large-scale attack since September, President Vladimir Putin’s forces fired 69 cruise missiles, according to Valeriy Zaluzhnyi, Ukraine’s army commander-in-chief. ...

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China says it is up to US to take steps to resume high-level military talks

  Bloomberg China said it is up to the US to take steps towards resuming high-level military discussions that were suspended after Nancy Pelosi visited Taiwan, comments that hint at lingering tensions between the world’s two largest economies. “If the US really wants to carry out positive and constructive dialogue and exchange with China, it must show sincerity and take ...

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Serbs unblock roads in Kosovo

  Bloomberg Serbs in Kosovo began removing road barricades erected in protest against the largely ethnic-Albanian government, after the US and European Union increased pressure on both sides to avert a new Balkan conflict. After weeks of obstruction, protesters ceased blocking traffic at Merdare, the key border crossing between Serbia and Kosovo, police said. At the same time, two trucks ...

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Britons facing more travel disruption in fresh strikes

  Bloomberg Strike-weary Britons may face further travel disruption on Friday, when road traffic officers and control-room staff begin a two-day action, the latest in a wave of walkouts sweeping across Britain. Members of the Public and Commercial Services union working for National Highways in the southwest and the West Midlands will strike, a move the union said would reduce ...

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BOJ defends yield-curve target with more bond buying rounds

  Bloomberg The Bank of Japan (BOJ) announced two additional rounds of unscheduled bond-purchase operations, fighting back against traders betting it will further relax its yield-curve control policy. The central bank offered to buy unlimited amounts of two- and five-year notes at a fixed yield, along with 600 billion yen ($4.5 billion) of one-to-10 year bonds. That was on top ...

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Goldman Sachs CEO warns more job cuts weeks away

  Bloomberg Goldman Sachs Group Inc is working on a fresh round of job cuts that will be unveiled in a matter of weeks, Chief Executive Officer David Solomon said in his traditional year-end message to staff. “We are conducting a careful review and while discussions are still ongoing, we anticipate our headcount reduction will take place in the first ...

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