A debate is intensifying about the role of corporate America in the recent wave of higher inflation. Companies are undoubtedly raising prices. The question is whether they are exploiting a surge in consumer demand or merely passing on their own higher costs. The available data strongly suggests that companies are raising prices to enhance profits. The view of price ...

  Vladimir Putin’s war on Ukraine will have momentous consequences for many — above all for Ukrainians, those who are fleeing the country and those who have stayed to fight off the invading army or to helplessly endure the devastation. But the effect on Russians, too, will be enormous, whether or not we realise it now. It’s time for we ...

  Bloomberg International sanctions triggered by the invasion of Ukraine are poised to derail a Russian effort to challenge Airbus SE and Boeing Co in single-aisle jets. Irkut Corp’s MC-21 jetliner, set to enter service this year, had already been hit by delays and cost overruns due to pre-existing sanctions. The plane, which features composite wings and is designed to ...

  Bloomberg Ethiopian Airlines signed a memorandum of understanding to purchase five of Boeing Co’s newest air-cargo haulers, the 777-8 freighter, the airline said in an emailed statement. Africa’s largest aviation group is the second customer to announce a commitment for the freighter version of the 777X. Chicago-based Boeing seeks to bring the 777-8 freighter to market by 2027, about ...

Bloomberg Hong Kong’s retail sales grew at the slowest pace since July, with the government warning of further pressure ahead amid a surge in Covid cases. The value of retail sales grew 4.1% in January from a year earlier, compared with the median estimate of 0.4% in a Bloomberg survey of economists. The volume of sales rose 1.7%. The Lunar ...

  Bloomberg Russia will halt some international flights to keep billions of dollars’ worth of aircraft from being taken back by their foreign owners, deepening a rupture in the global aviation industry triggered by the invasion of Ukraine. The government’s move will give Aeroflot and other Russian carriers cover to hold on to hundreds of Airbus SE and Boeing Co ...

  Bloomberg Spanish fashion retailer Inditex SA is temporarily closing all its shops in Russia and halting online sales in response to the country’s invasion of Ukraine. The retailer “cannot guarantee the continuity of operations and trading conditions” in Russia, it said in a statement. Inditex has 502 stores in the country, of which 86 are its Zara brand. While ...

  Bloomberg US airlines counting on rejuvenated demand for spring and summer travel as the coronavirus wanes now face a new setback as Russia’s attack on Ukraine pushes jet fuel prices to multiyear highs. Carriers could reveal reductions in planned flying as they update financial guidance at industry conferences in the coming weeks, Conor Cunningham, an MKM Partners analyst, said ...

Bloomberg Efforts failed for a second day to halt Russia’s siege of the southern Ukrainian port city of Mariupol to allow the evacuation of tens of thousands as President Vladimir Putin pressed ahead with the invasion and demand for the country’s “demilitarization.” Russian troops violated a temporary ceasefire agreement, Anton Herashchenko, an adviser to Ukraine’s interior minister, said on his ...

Bloomberg Finnish President Sauli Niinisto met with President Joe Biden in the White House, signaling that he’s looking for a closer relationship with the superpower after Finland’s neighbor Russia invaded Ukraine. They agreed to start a “clear process” to enhance security and defense cooperation, also involving Nordic partners, Niinisto, 73, told reporters after their talks in Washington, DC. Asked whether ...