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  Bloomberg Stocks in Europe struggled for direction along with US equity futures as news of further moves by China to reopen its economy failed to lift investor sentiment in the final week of a dismal year for markets. The Stoxx Europe 600 index erased an early advance, with carmakers and technology stocks leading declines. Basic-resources stocks rose as prices …

Bloomberg Foreigners bought the least amount of Chinese domestic shares this year after a selloff in the world’s second-largest stock market amid stringent Covid-19 restrictions and a housing slump. Overseas investors have purchased a net 87 billion yuan ($12.5 billion) of stocks in Shanghai and Shenzhen so far this year through trading links with Hong Kong. That’s about a fifth …

  Bloomberg Oil climbed as China took more steps to unwind its Covid Zero policy and freezing weather across the US prompted refinery closures in the vital Texas Gulf Coast area. West Texas Intermediate traded near $80 a barrel after Beijing announced it will no longer subject inbound travellers to quarantine from early January, the latest step in the dismantling …

  Bloomberg Southwest Airlines expects the flight chaos caused by the massive winter storm that battered the US to continue for at least another few days as the government questioned whether the airline is complying with its customer service plan. “In all likelihood we’ll have another tough day tomorrow as we work our way out of this,” Chief Executive Officer …

Dubai / WAM Dubai International (DXB) will remain exceptionally busy over the remainder of the holiday season and well into the New Year, with nearly 2 million passengers expected to pass through DXB. The operator urged passengers to plan their trips to and through the airport and follow simple travel tips to ensure a smooth airport experience. DXB’s average daily …

Bloomberg Japan’s retail sales unexpectedly fell in November from the previous month for the first drop in five months as pent-up demand started to cool amid rising prices, outweighing a boost from the return of tourists. Spending slipped 1.1% from October with outlays on clothing falling in a milder-than-usual month, according to the economy and trade ministry. Economists had expected …

  Bloomberg Residents of Hong Kong reacted swiftly to news China will no longer subject inbound travellers to quarantine as of early next year, flooding the internet to search for flights to key mainland cities. Outbound searches for flights from Hong Kong to the mainland on Trip.com and Ctrip, the two sub-brands of Trip.com Group Ltd, jumped around 521% on …

  Bloomberg The US merchandise-trade deficit narrowed in November to the smallest since December 2020 due to a plunge in imports. The shortfall decreased 15.6% — the most since 2009 — to $83.3 billion last month, Commerce Department data showed on Tuesday. The figures, which aren’t adjusted for inflation, compared with a median estimate for a gap of $96.3 billion …

Bloomberg Soaring heating and electricity bills are pushing Europeans to find hacks that will cut their energy use and reduce costs. Mats Johansson installed 30 solar panels with a production capacity of 13.5 kilowatts on his house in Halmstad, southwest Sweden earlier this year. The nation has some of the highest rates of energy consumption per capita in Europe — …

  Bloomberg South Africa passed 200 days of power cuts in 2022 on Tuesday, with more to come. Eskom Holdings SOC Ltd. said it will ramp up power cuts from so-called stage-1 load shedding, where it removes around 1,000 megawatts from the grid, to stage 3 from 4 pm local time until 5 am for the rest of the week. …