EUROPE
- ECONOMY
Draghi Pledges to Jump-Start Italy’s Slow Vaccination Campaign
(Bloomberg) — Prime Minister Mario Draghi pledged strong action to turn around Italy’s slow vaccination campaign, saying an exit path…
Read More » - ECONOMY
Orcel vs Botin: Santander CEO Job Feud Heads for Madrid Showdown
(Bloomberg) — Andrea Orcel’s legal feud with Ana Botin shifts this week to a Madrid courtroom where he’ll seek redress…
Read More » - ECONOMY
A Hack Like This Could Start the Next World War
(Bloomberg Opinion) — It may be years before we get the Franz Ferdinand hack, but one cyber attack has the potential…
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Fauci Says U.S. Cases High; Cuomo Rejects Quitting: Virus Update
The U.S. recorded a full week with fewer than 70,000 daily Covid-19 cases for the first time since mid-October, though…
Read More » - ECONOMY
The Fed Doesn’t Fear Inflation. Its Critics Have Longer Memories
(Bloomberg Opinion) — “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be…
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U.K. Steps Up Vaccinations; Japan Eyes Approvals: Virus Update
The U.K. is expanding its vaccination program in a signal that it’s on track to meet its targets in fighting…
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U.S. Cases Ease Further With Stimulus on the Way: Virus Update
U.S. Covid-19 cases increased by about 65,000 Friday, in a week in which new infections declined by 12%. Many states…
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Italy Hires McKinsey for EU Recovery Funds, Upsetting Lawmakers
(Bloomberg) — A decision by the government of Italian Prime Minister Mario Draghi to recruit consulting firm McKinsey & Co.…
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CEO of Top Irish Securities Firm Davy Resigns After Scandal
(Bloomberg) — Brian McKiernan, chief executive of Ireland’s biggest securities firm Davy, resigned after regulators accused the company of a…
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Curbs Ease Across U.S.; NYC Movie Theaters Reopen: Virus Update
(Bloomberg) — Theaters in New York City, the nation’s second-largest movie market, reopened after a yearlong hiatus. The city’s mayor…
Read More » - ECONOMY
Forget GameStop. If You Want Real Risk, Invest in Supercars
(Bloomberg Businessweek) — Everyone notices the doors, but few pay much attention to the sills. In 1954, Mercedes-Benz unveiled its…
Read More » - Market
Manchester United Returns to Profit Despite Stadium Ban on Fans. The Stock Is Rising.
Manchester United star Marcus Rashford has had an impact on and off the pitch, campaigning to end child food poverty…
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Russia’s Hot IPO Is an $8 Billion Bet On Frugality
(Bloomberg Opinion) — There are few more eloquent expressions of faltering Russian living standards than the rise and rise of…
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What You Don’t Remember About the Taper Tantrum
(Bloomberg Opinion) — The jump in global bond yields this past month has drawn many analogies to the so-called taper tantrum of 2013,…
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The Future of Money Is Digital, But Is It Bitcoin?
(Bloomberg Opinion) — The idea that much of today’s cash use will shift to digital tokens is neither faddish nor outlandish, as…
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Tokyo to Extend Emergency; NYC Gets J&J Shots: Virus Update
(Bloomberg) — New York City has received its first delivery of the one-shot Johnson & Johnson vaccine, Mayor Bill de…
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Texas Watchdog Says Power Grid Operator Made $16 Billion Error
(Bloomberg) — A firm hired to monitor Texas’ power markets says the region’s grid manager overpriced electricity for almost two…
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U.K.’s Go-Big Budget Masks Spending Cuts Seen as Austerity 2.0
(Bloomberg) — Prime Minister Boris Johnson’s government is being accused of dropping its pledge to end austerity after cutting a…
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South Korea and Taiwan’s Chip Power Rattles the U.S. and China
(Bloomberg Businessweek) — There’s nothing like a supply shock to illuminate the tectonic shifts in an industry, laying bare the…
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U.K. Debt Chief Hails Gilt Liquidity as Reason for Calm on Rout
(Bloomberg) — The head of the U.K.’s Debt Management Office is hardly batting an eye over the meltdown in U.S.…
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Indian Vaccine Effective; Record Deaths in Brazil: Virus Update
(Bloomberg) — An experimental vaccine developed by India’s Bharat Biotech International Ltd. showed 81% efficacy in an interim clinical trial.…
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Security Guards Face the Hazardous Job of Enforcing Covid Rules
(Bloomberg Businessweek) — One Sunday last May, Karmen Kolda arrived early for his 11 a.m. shift as a security guard…
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Policy Credibility Is Hard to Earn and Easy to Lose
(Bloomberg Opinion) — Some emerging markets managed to stage a great escape from the ravages of Covid-19 by deploying all sorts of…
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Tokyo to Extend Emergency; Australia Stays Shut: Virus Update
(Bloomberg) — Tokyo plans to ask the national government to extend the coronavirus state of emergency, according to the Nikkei,…
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BlackRock Warns of Whipsawed Emerging Markets After Taper Scare
(Bloomberg) — There’s no immediate end in sight for bond investors getting tugged between risk-on rallies and selloffs that rekindled…
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WHO Says Covid Will Rebound; EU Seeking Normalcy: Virus Update
(Bloomberg) — Global cases rose for the first time in almost two months in the past week, mainly in the…
Read More » - Health
Russia launches satellite to monitor climate in Arctic
MOSCOW (Reuters) – Russia launched its space satellite Arktika-M on Sunday on a mission to monitor the climate and environment…
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U.K. Mortgage Approvals Ease as End of Tax Relief Approaches
(Bloomberg) — U.K. mortgage approvals dipped in January as the end of a tax cut on property purchases approached. Banks…
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J&J Shot Clear for Distribution; Cuomo Under Fire: Virus Update
Johnson & Johnson’s one-shot Covid-19 vaccine was cleared for distribution after U.S. Centers for Disease Control and Prevention Director Rochelle…
Read More » - Health
FEATURE-The Louvre moves its treasures as climate change brings more floods to Paris
By Melissa Godin, Thomson Reuters Foundation LONDON, Feb 26 (Thomson Reuters Foundation) – When the River Seine that runs through…
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How Past Vaccine Races Can Help Win This One
(Bloomberg Opinion) — “The vaccine works. It is safe, effective, and potent.” In 1955, those were the words that told…
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U.S. Clears J&J Vaccine; Brazil Capital Locks Down: Virus Update
Johnson & Johnson’s coronavirus vaccine was cleared for use in the U.S., making a third shot available that could plug…
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London’s West End Turns Dead End as Shoppers Leave Oxford Street
(Bloomberg) — Kate Moss brought London’s Oxford Street to a standstill in 2007 when the supermodel posed at Topshop’s flagship…
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J&J Gets Initial U.S. Approval; CDC Issues Warning: Virus Update
(Bloomberg) — Johnson & Johnson’s single-shot coronavirus vaccine won the backing of a panel of U.S. government advisers, paving the…
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The Simplest Cookie Recipe From One of the World’s Best Chefs
(Bloomberg) — Editor’s Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column that highlights…
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Bond Rout Shows Risk of Uneven Recovery in World’s Top Economies
(Bloomberg) — The U.S. economy appears primed to recover from the Covid-19 slump much faster than others, causing havoc on…
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British Airways Parent Posts $9 Billion Loss, Offers No Outlook
(Bloomberg) — British Airways parent IAG SA posted a 7.43 billion-euro ($9 billion) operating loss in 2020 and said it…
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California Deaths Hit 50,000; NYC School Cases Low: Virus Update
(Bloomberg) — President Joe Biden said the federal government will distribute Johnson & Johnson’s vaccine as fast as the company…
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Sephora Plans Dozens of U.S. Stores in Bet on Physical Retail
(Bloomberg) — LVMH’s Sephora beauty chain said it will open more than 60 stand-alone U.S. stores this year in addition…
Read More » - Health
Fire, drought, beetles ravage German forests, study finds
BERLIN (Reuters) – The condition of German forests has deteriorated to record levels due to fire, drought and a bark…
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Deal for Key Metal in EV Revolution Brought Bonanza for Newcomer
A transfer of lucrative cobalt and copper assets by the Democratic Republic of Congo’s state mining company enabled a little-known…
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U.K. Sanctuary Offer for Hong Kong Activists Is Great If You Can Afford It
(Bloomberg) — In August 2019, Sophia’s hip was broken in clashes with Hong Kong police during a protest against China’s…
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Shot Hailed as Super Effective; J&J Gets Big Win: Virus Update
(Bloomberg) — The shot made by Pfizer Inc. and BioNTech SE was overwhelmingly effective against the virus in a study,…
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AstraZeneca Hopes New Data Gets Its Covid Vaccine Back on Track
(Bloomberg Businessweek) — Tens of millions of people around the world are desperately trying to get their hands on a…
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Former Mining Exec Details Suitcase Full of Cash He Used to Seal Deals
(Bloomberg) — A former Glencore director said he used to fly the world carrying a bag full of cash to…
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South Africa Limits Tax Hikes to Virus-Hit Booze and Tobacco
(Bloomberg) — South Africa’s alcohol and tobacco industries, already reeling by coronavirus restrictions that banned the sale of products, are…
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Luxury Ride-Hailing App Pivots to Middle East as Lockdowns Bite
(Bloomberg) — A luxury ride-hailing app operating in Moscow, London and Paris is expanding into the Middle East as a…
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Fauci Hints at Relaxed Rules; U.K. Airlines Soar: Virus Update
(Bloomberg) — Anthony Fauci, President Joe Biden’s chief medical adviser, suggested that the U.S. may soon issue guidance easing public…
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‘Portfolio Warming’ Is the New Climate Anxiety for Fund Managers
(Bloomberg) — All good money managers expect to outperform their benchmark, and by one such metric the French insurer and…
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The Bird Flu Virus That Has Infected People in Russia
(Bloomberg) — New strains of influenza are constantly emerging. Although the virus is associated with winter epidemics of respiratory disease…
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