Bloomberg Business

Airport, Bourse Shut as Cyclone Freddy Nears Mauritius

Mauritius’s stock exchange and its only international airport remained closed on Monday as tropical cyclone Freddy threatened the tourism-dependent island nation, according to statements from the respective operators.

China Bond Outflows Resume as Foreigners Return to Selling

Overseas funds returned to selling China’s bonds in January after a one-month pause, underscoring the relatively unattractive yields on yuan-denominated debt as Beijing keeps monetary policy loose to support growth.

Meta Shares Soar Most Since 2013 on Zuckerberg’s Vision

Meta Platforms Inc. is headed for its biggest single-day gain in almost a decade after Chief Executive Officer Mark Zuckerberg laid out plans to make the social media giant leaner, more efficient and more decisive.

Hong Kong Media Mogul Lai Appeals to High Court Over UK Lawyer

Hong Kong media mogul Jimmy Lai appealed to the city’s High Court, asking the Justice Department to clarify if he can be represented by a UK-based lawyer during his national security trial, according to media outlet The Standard.

Inflation in India Feels Higher Than What Official Data Reveal

Real inflation felt by India’s poor is 40 basis points higher than the official number in the current fiscal year, eroding purchasing power of a vast section of the South Asian nation’s population, according to India Ratings & Research Pvt., the local unit of Fitch Ratings Ltd.

Top Chinese Scientists Sketch Out Plans to Thwart US Chip Curbs

Key members of China’s most influential scientific body have outlined the country’s plan to circumvent US chip sanctions for the first time, codifying Beijing’s view of how it could win a crucial technological conflict with Washington.

French Get Cuisine Shock as Cost of Coq au Vin Soars

The cost of preparing France’s traditional coq au vin dish has risen to a record, showing how inflation has impacted the family dinner table by stoking prices of everything from onions to wine.

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