BERLIN — Lufthansa does not expect its global airline operations to return to normal until 2023 after staff shortages and booming demand amid the lifting of COVID-19 restrictions forced it to cancel some flights, Die Welt newspaper reported on Saturday. Read More
KYIV — Ukrainian forces have been ordered to withdraw from the key battleground city of Sievierodonetsk after weeks of fierce street fighting, in order to limit more casualties and regroup, but the move will be seen by Russia as a significant victory. Read More
SHANGHAI — Beijing’s education commission said on Saturday all primary and secondary school students in the capital can to return to in-person classes from Monday, as COVID-19 cases have receded in recent days. Read More
SHANGHAI/HONG KONG — Chinese President Xi Jinping will visit Hong Kong for the 25th anniversary of the city’s handover to mainland China, state news agency Xinhua reported on Saturday. Read More
Former US Treasury Secretary Lawrence H. Summers discusses the outlook for monetary policy and why he believes a recession is “almost inevitable.” ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/
On this edition of Wall Street Week, Jim McDonald, Northern Trust Asset Management Chief Investment Strategist & Kristina Hooper, Invesco Chief Global Market Strategist wrap up a week of rebounding markets. Rick Rieder, BlackRock CIO of Global Fixed Income & Head of the BlackRock Global Allocation Team discusses rising inflation and the future of the […]
Autonomous warehouse robot maker BotsAndUs has secured $13m (£10.6m) in a seed round led by Swiss venture capital firm Lakestar. London-based BotsAndUs will use the capital to develop its robots that are used to measure, track and locate stock in a warehouse. The startup’s robots use artificial intelligence (AI) to create a digital twin of […]
Porsche Ventures has invested $1.5m (£1.2m) into British cycling insurance provider Laka as part of a wider $13.5m (£10.9m) Series A funding round. Headquartered in London, the company is an insurance platform for cycling and electric vehicles. It plans to offer e-scooter, e-moped and electric car insurance in the future and will use the fresh […]