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Hong Kong officials have typically reacted with nonchalance to questions about the city’s record population exodus. Financial flows show the territory retains its hub status, business confidence is unshaken, those departing are denying themselves a role in a prosperous future. Or so some of the familiar arguments run. The Securities and Futures Commission’s (SFC) staffing struggles offer a different perspective. ...

  The Ukraine crisis may yet produce the biggest war in Europe since 1945. Or it may produce some strange new hybrid of cyberattacks, “little green men” and maskirovka (military deception) that won’t quite match our preconceived notion of war. Or — though this now seems the lowest-probability scenario — President Vladimir Putin may turn out to be Russia’s answer ...

  The latest Republican objection to Sarah Bloom Raskin’s nomination to the US Federal Reserve concerns a possible conflict of interest she had while serving on the board of a financial technology company. Far more disturbing — and far more justifiable as an objection — are her ideas about how to use the Fed to fight climate change. Using monetary ...

  Bloomberg American Airlines Group Inc is making additional cuts to its international flight plans this summer because of ongoing delays in deliveries of Boeing Co 787 Dreamliners, a setback for the carrier just as global travel is expected to begin recovering from a pandemic slump. The airline will delay until November from June the start of a flight between ...

  Bloomberg Rice Krispies are the latest victim of US supply-chain troubles. Shoppers around the country have taken to social media to probe the absence of the Kellogg Co cereal brand from their grocery-store shelves. The company confirmed the problems, citing a temporary shortage due to manufacturing constraints. “We do not have an estimated date on when it will be ...

Bloomberg Steve Dickson, who led the US Federal Aviation Administration (FAA) through a tumultuous period following fatal crashes of Boeing Co’s 737 Max and the Covid-19 pandemic, is stepping down from the agency at the end of March. Dickson informed FAA’s employees in an email of his plan to depart less than three years into his five-year term. He called ...

Bloomberg Expedia Group Chief Executive Officer Peter Kern believes that 2023 will be the year that we stop predicting a travel recovery and actually start enjoying it. But before then, he forecasts something bolder: “Summer 2022 will be the busiest travel season ever,” he tells Bloomberg, speaking over Zoom in Wyoming. “We’ve been talking about pent-up demand for a long ...

  Bloomberg Cathay Pacific Airways Ltd is to require all passengers flying to mainland China from Hong Kong to present a negative Covid-19 test result within 48 hours of departure, according to a statement. The move is a “precautionary measure to reduce the risk of exposure” for passengers and Cathay employees, and will start on February 23, the Hong Kong-based ...

Bloomberg Embraer SA’s board approved a pause in development of the slow-selling E175-E2 jetliner for another three years, further delaying the aircraft’s market debut. The Brazilian planemaker plans to resume work following the hiatus, targeting an entry into service between 2027 and 2028, Embraer said. The 80-seat aircraft is the smallest of a three-jet family manufactured by Embraer that target ...

  Bloomberg Russia and Belarus will extend their biggest joint military drills in years, the Belarusian Defense Ministry said, as frictions spike with the West over Russia’s military buildup near the Ukraine border. Russia had said it would return its troops to their bases afterward. While those drills are in Belarus, which is north of Ukraine, the defense ministry statement ...