After the hot inflation numbers out of the US, it would be inadvisable and unfortunate if the Federal Reserve were to resist at its policy meeting this week what have become broad-based calls for it to double the rate at which it is tapering its monthly bond purchases. In fact, the Fed should go well beyond that. Sadly, the ...

  Bloomberg Southwest Airlines Co executives are pushing back against a rising chorus of analysts who say the company’s days as the airline industry’s disruptive force are over, reined in by higher wages and tougher operational challenges. The carrier known for its no-frills aesthetic and competitive prices is under pressure because its model is being put to the test, 50 ...

  Bloomberg Mukesh Ambani’s Reliance Industries Ltd, along with a partner, are among those bidding to take over bankrupt Indian textile firm Sintex Industries Ltd, according to a stock-exchange filing, as the billionaire attempts to diversify from an oil empire and into telecommunications, green energy and fashion. Reliance is partnering with Assets Care & Reconstruction Enterprise Ltd to bid for ...

  Bloomberg More Retail Pvt, an Indian grocery chain backed by Amazon.com Inc, is considering an initial public offering that could value the company at as much as $5 billion, according to people with knowledge of the matter. The company is weighing a first-time share sale in Mumbai as early as June, the people said, asking not to be identified ...

  Bloomberg Hong Kong businessman Sam Wong, 60, has scrapped his holiday plans. An executive director at China Renewable Energy, Wong was booked to fly to the US to spend Christmas with his two children who are studying there. He hasn’t seen them in six months. One week before his flight, the Hong Kong government declared that travellers returning from ...

  Bloomberg Ghana will charge airlines $3,500 for every passenger flown in the country who isn’t fully vaccinated against Covid-19, part of a push by the West African country to avoid a fresh wave of infections. Carriers that take vaccinated passengers without negative PCR test results into Kotoka International Airport will also be fined starting from Tuesday, the Ghana Health ...

  Bloomberg Airbus is closing in on a deal to supply Dutch airline KLM with single-aisle jets, unseating incumbent Boeing, according to people familiar with the matter. The planemakers are competing on an order for as many as 160 aircraft for KLM and low-cost carrier Transavia, as parent Air France-KLM refreshes the brands’ medium-haul fleets. The contest remains in flux, ...

  Bloomberg Voters in both Northern Ireland and the Republic of Ireland see themselves united as one country in the next 10 years, according to polls conducted on both sides of the border. South of the border, 62% of people favour Irish unity, though the majority view it as a long-term project rather than an immediate priority, according to a ...

  Bloomberg South Africa jettisoned a plan that would have forced about 200,000 Zimbabweans to return home, to the satisfaction of critics who said it would have caused a humanitarian crisis. The Department of Home Affairs gave no reason for withdrawing its directive to end the Zimbabwean Exemption Permit. The cabinet’s decision to end the permits drew a chorus of ...

  Bloomberg The son of Russian President Vladimir Putin’s top domestic policy adviser was appointed the head of the country’s biggest social network after Gazprom PJSC-linked companies bought a controlling interest in it. Vladimir Kirienko, 38, who was previously a first vice-president at state-owned Rostelecom, has been named chief executive officer at VK, the company said in a statement. He ...