Business in 2022: Is the year of the squeeze upon us?

With Covid-19 refusing to go away and question marks remaining over the viability of many businesses, inflation could be the hot topic in the financial world this coming year

Despite the emergence of Omicron, stock markets in the US and Europe rallied in the weeks leading up to Christmas. Picture: Bloomberg

It was a remarkable finish to 2021 for global equity markets. Despite all the uncertainty created by the Omicron variant of Covid-19 in the weeks leading up to Christmas, stock markets in the US and Europe rallied with real determination in the final month of the year.

Last week, the S&P 500, which tracks the 500 largest companies in the US, surged to an all-time high after the US Centre for Disease Control and Prevention ...