As the war in Ukraine moves into a second month, its global economic reverberations are increasing. Energy markets, agriculture, bonds, precious metals — all are roiled as the fighting takes its uncertain path. But beyond economics, longer-term geopolitical themes are emerging, as countries are increasingly forced to pick sides for or against Russian President Vladimir Putin. For US strategic planners, ...

  It was the first evening of a new, relatively relaxed Covid regime in Singapore for many. Masks ceased to be compulsory outdoors and social gatherings could number 10 people. Singing was no longer outlawed. This was a moment worth toasting, cautiously. While the changes stop short of a revolution — the city-state isn’t known for spontaneous lurches — they ...

  For the financial world, it hit with much the same violence as Will Smith’s smack to Chris Rock’s face. And it’s dominated discussion to almost the same extent. The topic in question is the yield curve, and its inversion. The spread between two- and 10-year bond yields has long been regarded as a great indicator of an oncoming recession, ...

  In a war fought over Telegram as well as on Ukraine’s pummeled streets, the country’s actor-turned-president Volodymyr Zelenskiy has excelled. But for over-the-top showmanship, Chechen leader Ramzan Kadyrov and his men have been hard to beat. Kadyrov’s fighters, known as “kadyrovtsy,” have been waging an all-out propaganda war for the TikTok era, attempting to demonstrate their leader’s loyalty to ...

  Bloomberg A Chinese fast-fashion company without a global network of physical stores of its own is seeking a valuation that could be more than the combined worth of high-street staples Hennes & Mauritz AB and Inditex SA’s Zara. Shein, an online-only retailer of inexpensive clothes, beauty and lifestyle products that pumps out over 6,000 new items daily, is in ...

Bloomberg Ryanair Holdings Plc narrowed the range for its annual loss as Europe’s biggest low-cost carrier turns the page on a year disrupted by the coronavirus pandemic. The loss for the year ended on March 31 will be between 350 million euros and 400 million euros ($387 million-$440 million) before special items, the Dublin-based carrier said in a statement. Ryanair ...

  Bloomberg Sneaker marketplace StockX responded to a trademark-infringement lawsuit from Nike Inc, saying in a court filing that the world’s largest athletic-wear company shows a “fundamental misunderstanding” of nonfungible tokens. In February, Nike filed a complaint in federal court in Manhattan accusing StockX of “blatantly freeriding” on Nike’s trademarks and goodwill with a new service called Vault NFTs. StockX ...

  Bloomberg Among the top things that infuriate watch aficionados: replicas, fashion timepieces and battery-powered movements. And yet, the $260 Swatch homage to the Omega Speedmaster that debuted a week ago and caused shopping pandemonium checks all three of those snob boxes, making the collaboration an even more remarkable hit. From London to Berlin to Melbourne, eager consumers snaked around ...

  Bloomberg Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr said Rome could become the group’s fifth hub with the acquisition of new Italian flag carrier ITA Airways. “Italy is a strong market,” Spohr said in an interview with Corriere della Sera published. “Rome could play a very important role within Lufthansa, integrating our system with a southern hub for ...

  Bloomberg Luxury-goods group Kering SA agreed to pay 187 million euros ($206 million) to settle an Italian probe on alleged tax evasion at its Bottega Veneta unit, according to people familiar with the matter. Italian financial police found that Bottega Veneta used two Swiss affiliates to avoid paying taxes in Italy, the people said, asking to not be named ...