Bloomberg Business

Visitor traffic between Hong Kong and mainland China doubled on Monday to the highest level since the pandemic began, as the border fully reopened for the first time after years of Covid-induced closure.

Mitsubishi Heavy Industries Ltd. finally ended the development of its SpaceJet aircraft — a domestic short-haul jet that was to supply local carriers including ANA Holdings Inc. — after spending hundreds of millions of dollars on the project.

Just a day after western powers slapped new sanctions on Russia, top executives from the OPEC+ producers’ oil and gas industry rushed to its biggest potential customer – India.

“Hypocrites.”

Australia’s central bank raised interest rates by a quarter-percentage point and said further tightening will be needed to crush stubbornly-high inflation, sending the currency and bond yields higher.

The Pentagon and Lockheed Martin Corp. have reduced the laundry list of deficiencies on the contractor’s F-35 with the fighter jet, the world’s costliest weapons program, due for a key combat simulation by mid-year.

European banks will still be allowed to do some clearing in London after 2025, according to the head of the European Union’s top securities regulator.

Danny Blanchflower, a former Bank of England policy maker, said “collapsing” house prices will push the UK central bank into a rapid pivot toward interest rate cuts.

Rescue teams from overseas began deploying in Turkey on Tuesday after a pair of powerful earthquakes a day earlier killed at least 4,000 people in the country and neighboring Syria, leaving millions to suffer without power or heat throughout a snowy night.