Stuff that matters
London’s Heathrow Airport said on Monday that May was its busiest month since March 2020 as it dealt with 5.3 million passengers, 79% of 2019 levels. Cancelled flights, long queues and staff shortages at UK airports disrupted the travel plans Read more
Thousands of South Korean truckers were on strike for the seventh day on Monday, protesting over pay as fuel costs surge, disrupting production, slowing port operations and posing new risks to a strained global supply chain. South Korean industries, including Read more
The prime minister of Iraqi Kurdistan, Masrour Barzani, has been touting the autonomous region’s gas export capabilities as an alternative to Russian supply, but division between the region’s two main parties suggest the plan is, for now, a pipe dream. Read more
The decision over who will be the Bank Japan’s next chief will likely focus on two career central bankers whose different policy approaches and track records could affect the timing of an eventual exit from ultra-easy monetary policy. As former Read more
South Korean industries, including auto, steel, petrochemical and cement, face accumulated losses worth about 1.6 trillion won ($1.24 billion) as of Sunday due to the ongoing trucker strike, the country’s industry ministry said on Monday. The industry ministry said in Read more
Young South Koreans are buying homes in defiance of sharp rate rises that has once again put the spotlight on a severe housing shortage, complicating President Yoon Suk-yeol’s plans to ease a property affordability crisis in Asia’s fourth-biggest economy. Oh Read more
BlackRock (BLK.N), the world’s biggest asset manager, said on Monday that clients owning nearly half of its $4.9 trillion in equity index assets were now free to control how votes are cast at the annual meetings of the companies in Read more