TOKYO—Consumer inflation in Tokyo will likely post slightly slower year-on-year growth in January, a Reuters poll showed, after the suspension of a government discount travel campaign in late 2020 led to a less favorable situation for price rises. Still, core consumer prices in the capital city—widely considered a leading indicator of nationwide price trends—likely stayed…
Tokyo’s Consumer Prices Seen Posting Slower Growth in January: Poll
France’s BNP Paribas Postpones Return to Office for US Staff
NEW YORK—BNP Paribas is pushing back its return-to-office date for U.S. employees by nearly a month to the second week of February due to the Omicron variant, an executive at France’s largest bank told Reuters. Wall Street firms were among the first to encourage staff to return to offices, but a winter wave of COVID-19…
American Airlines Sees Returning to Profitability in March, Warns of Higher Costs
American Airlines Group Inc. on Thursday forecast returning to profitability in March, after reporting a smaller fourth-quarter loss, but said cost pressures would remain elevated this year due to the Omicron coronavirus variant-induced turmoil. The Texas-based carrier said ticket sales are still not back to pre-Omicron levels, but they are recovering “quickly” after dropping off…
Pandemic Not a ‘Cover’ to Establish ‘Funky’ State-Centred Economy: Aussie PM to World Economic Forum
January 21, 2022
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Australian Prime Minister Scott Morrison told global business leaders that his government did not view the COVID-19 pandemic as an opportunity to create a more “state-centred” economy but instead had backed a more sustainable business-led recovery. In a speech to the Davos Agenda 2022 virtual summit hosted by the World Economic Forum, Morrison laid out Australia’s…
Japan’s Inflation Hovers Around 2-year High, BOJ Flags Price Pressure
TOKYO—Japan’s core consumer prices rose 0.5 percent in December from a year earlier, increasing for a second month in a row at the fastest pace in nearly two years in a sign of broadening inflationary pressure from rising fuel and raw material costs. The recent inflation pick-up drew the attention of Bank of Japan (BOJ)…
Travel Restrictions Have Almost No Impact on Spread of COVID-19 Variants: UK Study
The impact of travel restrictions on the spread of CCP (Chinese Communist Party) virus variants is “very limited,” a new study has shown. Governments are not able to implement travel restrictions quickly enough for them to be effective in limiting the spread of new COVID-19 variants, said a Jan. 21 report by Edge Health and…
Jobless Claims Rise to Highest Level in Three Months
Claims for state unemployment have risen to their highest levels in three months, according to new data (pdf) from the Labor Department. Weekly claims for the week ending Jan. 15 rose by 55,000 to a total of 286,000, constituting the highest rate since last October. A seasonal spike in unemployment claims in January is consistent with…
Alberta Restaurant Temporarily Shut Down for Accepting Dog Photos in Lieu of Vaccination Proof
January 20, 2022
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A restaurant in Red Deer, Alberta, was ordered to partially shut down on Jan. 14 after the province’s health authority found that staff weren’t requiring proof of COVID-19 vaccination or a negative test result. Instead, the restaurant, called The Granary, allowed customers to dine inside upon presenting a dog photo and personal I.D., according to Alberta…
German Producer Prices Register Record 24.2 Percent Jump in December
January 20, 2022
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BERLIN—German producer prices rose 24.2 percent year on the year in December, with the record annual jump driven by higher energy prices, official data showed on Thursday. The jump from the previous December was the largest year-on-year increase for any month since the Federal Statistics Office began compiling the producer price numbers in 1949, the…
ECB’s Lagarde: Inflation Drivers Will Ease Gradually in 2022
January 20, 2022
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PARIS—Inflation in the eurozone will decrease gradually over the year as its main drivers, such as surging energy prices and supply bottlenecks, are expected to ease, European Central Bank (ECB) head Christine Lagarde told France Inter radio. “This will stabilise and ease gradually in the course of 2022,” she said. Asked on her policy to…
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