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…
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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…
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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…
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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…
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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…
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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…
Read More » - ECONOMY
‘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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