Debates among German intellectuals are usually so vapid, pretentious and painful to behold that I hesitate to wish the experience even on my worst enemies. But I’m making an exception for a phenomenon I’ll call the War of Open Letters. This ongoing philosophical conflict is about the brutal attack by Russian President Vladimir Putin on Ukraine, and the appropriate reaction ...

Nine out of 10 central banks are exploring electronic versions of physical cash, according to the Bank for International Settlements’ 2021 survey of monetary authorities released this month. Nearly everyone, it seems, is convinced that the future of money is digital. While that might be right, does every country need to be on the bandwagon just yet? Not really. Whether ...

  It’s time to mark cards for what has become the single most important data release for global markets: the US consumer price inflation data. This one is consequential, although perhaps not as important as it feels at present. The virtually universal expectation is that the headline annual CPI number will fall compared to the previous month, for the first ...

  Congress still hasn’t approved supplemental funding for Covid-19 vaccines, booster shots, treatments, tests and scientific work in a bill it’s been sitting on for months. Democrats have the tools to make it happen, but they aren’t using them. Republicans are filibustering against the bill in the Senate, holding the spending hostage in an attempt to get their way on ...

  Bloomberg Boeing Co said customers for its much delayed 777X jet are standing by orders for the wide-body model even after it was revealed that the program has slipped five years behind schedule. While Boeing has held talks to update buyers, feedback so far has stopped short of moves to walk away from the 777X, Darren Hulst, the manufacturer’s ...

  Bloomberg Saudi Arabian discount airline Flynas agreed so-called sale-leaseback deals that will fund the purchase of 14 Airbus SE narrow-body jets. The accords with leasing firms CDB Aviation, CMB Financial Leasing and Avolon Holdings Ltd cover part of a Flynas order for 120 Airbus A320neo aircraft, the carrier said in a statement. It said the planes have a value ...

  Bloomberg Wm Morrison Supermarkets Plc is poised to take control of insolvent UK convenience-store chain McColl’s Retail Group Plc after a bidding war with gas station and convenience empire EG Group, according to people familiar with the matter. Morrison is purchasing McColl’s through a prepackaged administration, a form of UK insolvency proceeding. The plan is yet to be confirmed ...

Bloomberg Europe’s biggest airlines are growing increasingly confident that the easing of coronavirus restrictions will kick off a summer boom as a surge in bookings spurs them to lift capacity. Deutsche Lufthansa AG and Air France-KLM are less certain about prospects going deeper into the year, with the German company saying that fuel prices are tough to predict and that ...

  Bloomberg Qantas Airways Ltd is making every seat on more than 1,700 flights purchasable with air miles, allowing customers to burn through a mountain of loyalty points built up during the pandemic. Passengers will be able to use points on all flights in August on more than 30 routes in Australia, Qantas said. The almost 130,000 seats will be ...

  Bloomberg Flight cancellations at Dutch airline KLM have surpassed 225 in the past few weeks as its Amsterdam Schiphol hub is hit by labour shortages and industrial strife. The Air France-KLM unit was supposed to be in discussions with the airport about service levels, a spokesman said. That follows 75 cancellations last weekend amid a lack of airport personnel ...