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  Ironically, the first major central bank likely to be tested in 2022 is the most dovish: The European Central Bank (ECB). Since the December 16 unveiling of its post-pandemic stimulus policy review, there has been a gradual but persistent widening of Italian government bond yields, showing that weaning markets off unlimited quantitative easing is no simple task. As Italian ...

  After trade and technology, financial markets are shaping up to be the next front in the cold war between the US and China. Policy makers shouldn’t plunge into this battle too eagerly. Chinese regulators imposed new curbs on companies seeking to list overseas, potentially closing a loophole that technology firms have used to raise capital in the US. Broader ...

  Bloomberg Travel delays continued in the US early Sunday as a winter storm swept eastward and carriers dealt with staff shortages caused by the rapid spread of the Omicron variant. Cancellations of flights into, out of and within the US were close to 1,900 early Sunday morning, with over 600 delays already posted, according to the tracking firm FlightAware.com, ...

  Bloomberg Philippine Airlines Inc. received approval to tap $150 million in additional financing and plans to cut its debt by $2 billion, after winning approval last month from a US court for its reorganization plan. “There are immense challenges ahead, but we look forward to tackling them as a reinvigorated Philippine Airlines, better positioned for strategic growth to continue ...

  Bloomberg A year-end order bonanza for Airbus SE has swept away the lead built up by Boeing Co and put the European planemaker in position to claim bragging rights for 2021. Boeing amassed an order advantage in early 2021 fueled by pent-up demand for its 737 Max as the single-aisle workhorse came off a two-year grounding. Through October, its ...

  Bloomberg China issued a stern warning to Walmart Inc. following allegations that the company’s warehouse stores in the country stopped selling items from Xinjiang, ramping up pressure on the retail giant amid rising tensions with the US over the western province. The Central Commission for Discipline Inspection, the Chinese Communist Party’s anti-graft watchdog, rejected suggestions that inventory management was ...

Bloomberg Denmark’s government wants to drop fossil fuels in domestic air travel by 2030 in its most recent push to meet its climate targets. The Nordic country, which recently proposed to boost investments in the green hydrogen industry, wants the first domestic flights to use green fuel no later than in 2025, Prime Minister Mette Frederiksen said in her annual ...

  Bloomberg Hong Kong consumers will face higher prices for fresh produce, daily necessities and electrical goods over the coming weeks as a result of Cathay Pacific Airways Ltd.’s long-haul cargo flight halt, the South China Morning Post reported on Saturday. Consumers will experience food and product shortages in the next two to three weeks, especially seafood and vegetables, the ...

  Bloomberg Kim Jong un urged North Korea to focus on easing food shortages and containing Covid, in a downbeat New Year’s policy assessment that suggested nuclear talks with the US were a low priority for the coming months. Kim laid out his 2022 agenda in remarks to ruling party cadres that were published by state media and appeared to ...

Bloomberg President Joe Biden repeated his warning to Moscow to de-escalate the month-long standoff over Ukraine, a day after he and Vladimir Putin discussed the issue during a call the Russian leader expressed his satisfaction with. “I made it clear to President Putin that if he makes any more moves, goes into Ukraine, we will have severe sanctions,” Biden told ...