Bloomberg Business

China plans to launch a government-backed app to integrate a variety of services including ride-hailing, a sign of more state involvement in a sector wracked by controversy.

UniCredit SpA Chief Executive Officer Andrea Orcel said shareholders can expect higher returns on last year’s earnings as rising rates and a streamlining of the lender provide tailwinds.

Global funds will pressure the Bank of Japan until it capitulates and tightens policy, after the central bank disappointed bond bears by refusing to lift its ceiling on sovereign yields.

Two Southeast Asian central banks diverged in their policy settings Thursday, with Malaysia unexpectedly standing pat and Indonesia delivering a widely expected interest-rate increase that brings it closer to the end of its tightening cycle.

Hong Kong will stop requiring people infected with Covid to isolate, while retaining the long-standing mask mandate, as the government seeks to revive the economy.

About 40% of Chinese travelers aren’t planning to venture overseas this year despite the sudden easing of restrictions, mainly because of the financial impact of Covid, according to a survey published Thursday.

Discussions about a potential sale of Global Switch Holdings Ltd. have nearly ground to a halt, people familiar with the matter said, amid tightening financing conditions and lower-than-expected bids for the London-based data center company.

Manchester Airport says operations have resumed after it temporarily closed both of its runways due to heavy snowfall.

Icy weather across Northwest Europe is expected to persist until early next week, when temperatures are forecast to rebound to near seasonal norms again.