Southwest Crisis Reveals Clubby World of Airline Leaders
The operational chaos that engulfed Southwest Airlines Co. over the busy holiday period was a crisis decades in the making.
Bloomberg Business
Brazil Senator Asks Court to Order Bolsonaro’s Return from US
(Bloomberg) — A Brazilian senator asked top court Justice Alexandre de Moraes to order former President Jair Bolsonaro’s immediate return from the US.
US Coal Prices Plunge 45% as Warm Winter Weather Stifles Demand
US coal prices plunged from record highs as warm winter conditions eased demand for the dirtiest fossil fuel.
Daly Sees Fed Raising Rates Above 5%, But How Far Is Unclear
Two Federal Reserve officials said Monday that the central bank will likely need to raise interest rates above 5% before pausing and holding for some time.
Macron, Kishida Vow Closer Cooperation in Indo-Pacific Region
(Bloomberg) — French President Emmanuel Macron and Japanese Prime Minister Fumio Kishida pledged to strengthen cooperation in the Indo-Pacific region amid shared concerns over China and North Korea.
Apple Services Executive Exits, Sowing Doubt on Unit Succession
The Apple Inc. executive who oversees the business side of its TV+, iCloud and Apple One bundles, as well as News+, is leaving the company, according to people with knowledge of the matter, adding to recent upheaval.
McCarthy’s Rules of Order Become Latest Republican Battleground
(Bloomberg) — House Republican leaders are doing an unusual amount of wrangling to get the votes for a must-pass rules package, a preview of what’s to come in a chamber where both flanks of the GOP have lingering frustrations with Speaker Kevin McCarthy.
Alberta Investment Hires Ex-Goldman Banker David Scudellari as Foreign Chief
Alberta Investment Management Corp. hired David Scudellari as head of international investment and to lead a credit partnership with another large Canadian pension fund.
Young, Educated American Men ‘Quiet Quit’ Jobs the Most During Covid
Young American men and men with college degrees led the “quiet quitting” movement in the US, according to new research that sheds more light on the pandemic-induced phenomenon.
Pakistan Receives $10 Billion Commitment for Devastating Floods
Pakistan has received commitments for more than $10 billion from the global community that it requested at a conference in Geneva to help the country rebuild houses and farms along with rehabilitating people impacted by floods.
