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  Bloomberg Australian household spending recovered strongly, defying expectations that a renewed coronavirus outbreak would keep shoppers at home, as a shift to living with Covid prompted consumers to head out to shop. Retail sales jumped 1.8% in January to A$32.5 billion ($23.3 billion), compared with a forecast gain of just 0.3%, Australian Bureau of Statistics data showed. Sales across ...

  Bloomberg US futures fluctuated and stocks were lower as investors assessed the impact of Russia’s invasion of Ukraine on commodity supply and the global economy. Oil topped $110. Contracts on US gauges were little changed, after the S&P 500 swung between losses and gains. The Stoxx Europe 600 Index was also lower, after briefly erasing declines. Ericsson led a ...

Bloomberg Cryptocurrencies continued to pull away from stocks as the intensifying war in Ukraine prompts investors to look for safe havens. Bitcoin advanced as much as 2% in early trading in Hong Kong before giving up some gains. It has jumped 17% over the past three days — a period during which President Vladimir Putin stepped up shelling of Ukrainian ...

  Bloomberg Oil soared as the Russian invasion of Ukraine continued to raise the specter of major global supply disruption. Futures in New York climbed as much as 6.1% to, the highest since 2014. Brent futures jumped by more than $6 to above $104 a barrel. The European Union is discussing the exclusion of seven Russian banks from the SWIFT ...

  CAIRO / WAM The Arab Parliament (AP) lauded the resolution of the United Nations (UN) Security Council to list the Houthi militias as a terrorist organisation. The Council also placed the Houthis on a list of entities banned from being supplied with arms. The AP described this step as a victory for legitimacy, stressing that the resolution was issued ...

  Bloomberg Leasing firms are facing the challenge of recalling jetliners worth billions of dollars from Russian airlines, as sanctions imposed over the Ukraine invasion threaten carriers’ ability to operate rented planes. EU sanctions ban the supply of “all goods and technology” linked to aircraft. Planes can’t be insured, either. That means leasing firms will be required to terminate all ...

  Bloomberg The world’s biggest aircraft, the Antonov-225 cargo plane, was destroyed by Russian forces while it was under repair at an airfield in Gostomel near Kyiv, according to Ukraine’s state-run Ukroboronprom. Restoration of the aircraft, known as Mriya, will take more than five years at a cost of over $3 billion following the attack, Ukroboronprom said in a statement, ...

Bloomberg Finnair Oyj faces a wipeout of its Asian traffic as a tit-for-tat of airspace closures in Europe and Russia jeopardises its main long-haul strategy. Finland’s national carrier has carved out a niche providing transit passengers from smaller European cities the shortest flight times to Asia. But the flights through its Helsinki hub to destinations like Hong Kong, Seoul and ...

Bloomberg Major airlines reported a surge in bookings from Hong Kong last week as the city saw a new pandemic-era record in net population outflow, underscoring how a deepening Covid-19 crisis is pushing more residents to leave. Emirates Airlines said it is seeing weekly double-digit growth for advanced bookings until July, particularly to the UK and other European countries, according ...

Bloomberg Associated British Foods Plc said sales at budget-clothing retailer Primark picked up during the first half but are still below pre-pandemic levels as omicron deterred some shoppers from leaving their homes. Primark’s sales are expected to rise more than 60% in the six months through March 5, AB Foods, which also owns grocery, agriculture and sugar businesses, said. The ...