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  Bloomberg Alaska Airlines cut 10% of its remaining January flight schedule as an “unprecedented” level of employees unable to work because of the Omicron coronavirus variant undercut its ability to operate reliably. “Right now, we need to build more reliability back into our operation as we deal with the impacts of Omicron and during a time when guests generally …

  Bloomberg The highly contagious Omicron virus variant is disrupting already stressed food supply chains, sickening so many workers that more shortages at grocery stores are all but certain. Supermarkets have been struggling to keep food fully stocked throughout the pandemic as a result of labor shortfalls in every part of the food system, from farms to manufacturers to distributors. …

  Bloomberg Toronto, a city of more than 6.5 million people, has just 3,200 homes left for sale to start the year after a real-estate frenzy fuelled by low interest rates drove the market to record levels. More than 121,000 homes were sold in Canada’s biggest city in 2021, up 28% from the previous year and smashing the previous high …

  Bloomberg SoftBank Group Corp plans to issue its biggest-ever yen bond in a test of whether individual investors will continue to lap up notes of one of the world’s most indebted firms. Billionaire Masayoshi Son’s technology conglomerate is marketing 550 billion yen ($4.8 billion) of seven-year subordinated notes, with the proceeds used to repay debt. The company has more …

  Bloomberg US equity-index futures rise and the dollar fell as risk-taking returned to markets at the end of a turbulent week, with investors weighing US employment gains against the Federal Reserve’s policy-tightening plans. March contracts on the technology-heavy Nasdaq 100 Index advanced 0.2%, after falling as much as 0.6%. S&P 500 futures also climbed 0.2%. Europe’s Stoxx 600 index …

  Bloomberg Chinese asset manager Loyal Valley Capital Co. responded to pushback from clients who lost a third of their money on a product last year, as the $11 billion manager became the latest target of investor ire. One of the firm’s hedge funds allegedly deviated from its theme of tech- and consumer-stocks, while repeated requests for dialogue with fund …

  Bloomberg Uranium prices jumped as Kazakhstan, the world’s largest producer of the radioactive metal, struggles to cope with deadly protests that pose the biggest challenge to the country’s leadership in decades. The Central Asian nation, a part of the former Soviet Union that produces more than 40% of the world’s uranium, has disrupted communications networks and restricted some travel …

  Bloomberg Allegiant Airlines tumbled the most in 18 months after the carrier reversed its strategy of keeping costs in check by flying only Airbus SE planes, ordering 50 Boeing Co. 737 Max jets. Under the deal, which has a total value approaching $2.5 billion, the airline will buy two versions of the Max to be delivered from 2023 through …

  Bloomberg Malaysia’s biggest electronics retailer Senheng New Retail Bhd., which is set for a debut this month on the local exchange, is aiming to double its market share by 2025 as it expands its brick-and-mortar and virtual stores. In an interview before the January 25 listing, Chairman Lim Kim Heng said that his target is to capture 30% of …

  Bloomberg Cathay Pacific Airways Ltd. will operate only about 20% of its pre-pandemic cargo capacity this month, a sharp reduction in what has been a rare bright spot during the most challenging period in the carrier’s history. While the Hong Kong-based airline will resume some long-haul cargo services from Friday after a weeklong suspension, the January schedule is way …