WWTOPEU
- ECONOMY
Signal Jabs at Facebook and Navigates Growing Pains as Popularity Surges
Current and former staffers, who asked not to be identified either because of concerns of breaching confidentiality agreements or professional…
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Carmakers Forced by Chip Crisis to Rethink Just-In-Time Ordering
(Bloomberg) — A century after automakers showed the world the value of assembly-line manufacturing, a shortage of semiconductors is teaching…
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What Happened When Evanston Became America’s First City to Promise Reparations
(Bloomberg Businessweek) — Lucious Sutton disconnected the water line, the gas line, and the sewer line for the home he’d…
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Ivory Trade Loopholes Close as Nations Race to Crush Poachers
(Bloomberg) — Since the 2000’s, an elephant poaching epidemic has raged across Africa, with populations in some areas decimated and…
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Florida Cruise Tests Rules; U.K. Opening in Doubt: Virus Update
(Bloomberg) — Royal Caribbean Cruises Ltd. said it had been cleared to resume cruises in the U.S. starting with a…
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HP Inc. Gives Upbeat Forecast, Fueled by Continuing Laptop Boom
(Bloomberg) — HP Inc. forecast robust profit gains for the current period, indicating consumers are continuing to spend on personal…
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Bank CEOs Get Rebuke From Waters Over Overdraft Fees, Gaps in Lending
(Bloomberg) — House Financial Services Committee Chairwoman Maxine Waters rebuked Wall Street CEOs for charging overdraft penalties during the pandemic…
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Engine No. 1’s Exxon Win Provides Boost for ESG Advocates
(Bloomberg) — The rejection of Exxon Mobil Corp.’s management team marks one of the most significant victories for shareholders who…
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Big Business Loses a Political Home Amid Its Feud With the GOP
(Bloomberg Businessweek) — Big business broke with President Donald Trump over tariffs and immigration and resented his Twitter attacks on…
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Cathie Wood’s Bad Spring Is Only a Blip When the Future Is So Magnificent
(Bloomberg Businessweek) — In the weirdest year of our lives, the rise of Cathie Wood is hardly the weirdest thing…
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There Are More Signs Supply Shortages Could Stick Around Without Sparking Inflation
(Bloomberg) — With lots of talk about supply shortages right now, there are plenty of concerns that companies will raise…
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Covid Origin Hunt Ordered by U.S.; EU Rips Astra: Virus Update
(Bloomberg) — President Joe Biden said he ordered the U.S. intelligence community to “redouble” its effort to determine the origin…
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Manchester United, Arsenal Tumbled in Value During Pandemic
(Bloomberg) — It’s been an eventful and largely miserable year for Europe’s biggest soccer clubs and their billionaire owners. The…
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Bank CEOs Take Punches From Democrats, Warnings From Republicans
(Bloomberg) — Senator Elizabeth Warren called JPMorgan Chase & Co.’s Jamie Dimon “the star of the overdraft show.” Her Democratic…
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There’s a Big Change Underway in Bond Markets
Of course, there’s never much agreement when it comes to the term premium, from what it might mean for the rest…
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ECB Probes Whether Goldman, Peers Are Still Too Tied to London
(Bloomberg) — The European Central Bank is stepping up scrutiny of global investment banks’ risk management within the region to…
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Icahn on Inflation, Investing, and What He Misses About NYC: Q&A
(Bloomberg) — Billionaire investor Carl Icahn has been a hard-charging shareholder activist for decades. At 83 years of age, he…
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Central Banks Face New Balancing Act With Their Huge Asset Piles
(Bloomberg Markets) — Central bankers around the world are mulling the future of their massive bond-buying programs in a post-pandemic…
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Green Finance Hires Political Stars to Protect $30 Trillion Boom
(Bloomberg) — Mark Carney to Brookfield Asset Management. Brexit architect Nigel Farage to DGB Group. A senior Obama aide to…
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Antibiotics for Covid Cases Worsen India’s Superbug Crisis
(Bloomberg) — Excessive use of the world’s most potent antibiotics has stoked drug-resistant infections in India for years. Now the…
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Hong Kong Plan for Unused Shots; Moderna for Teens: Virus Update
(Bloomberg) — Hong Kong may donate Covid-19 vaccines to countries more in need of them as local demand for Pfizer…
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U.K. Slammed Over ‘Too Little, Very Late’ Boost to Isolation Aid
(Bloomberg) — A U.K. government plan to boost support for people who need to self-isolate in the pandemic does not…
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Antibiotics for Covid Patients Worsen India’s Superbug Plight
(Bloomberg) — Excessive use of the world’s most potent antibiotics has stoked drug-resistant infections in India for years. Now the…
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Google Faces Sweeping German Antitrust Probes Into Data Terms
(Bloomberg) — Google’s market power and control over users’ data faces intense scrutiny in Germany as the nation’s antitrust watchdog…
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Erdogan Aims Again at Central Bank With Deputy Governor Ousting
(Bloomberg) — Turkey’s President Recep Tayyip Erdogan has ousted another central bank official, the latest of his sudden decisions this…
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How Israel’s Arab Citizens Fare in an Unequal Society
(Bloomberg) — The most serious clashes in decades between Jewish and Arab citizens of Israel erupted in several cities in…
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U.S. Warns on Japan Travel; Seychelles Cases Drop: Virus Update
(Bloomberg) — The U.S. said Americans should avoid traveling to Japan, with the country under a state of emergency that…
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Why Belarus Targets Critics in the Streets and Skies
(Bloomberg) — Belarus has long pursued its president’s critics on the streets, and now it’s turned to the skies. For…
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Brainard Lays Out Cost Benefits of Central Bank Digital Currency
(Bloomberg) — The Federal Reserve is stepping up its research on digital currencies, Governor Lael Brainard said, amid growing demand…
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Bank CEOs Headed to Congress Due for Grilling Over Drop in Loans
(Bloomberg) — Wall Street banks spent the pandemic making record profits. Now Democratic lawmakers want them to explain why they…
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The Economy Is Booming. Why Don’t Firms Believe It?
The basic idea is that changes in the level of investment impact the level of present consumption at the same…
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End of Power Struggle May Unlock $3 Billion of Funds for Congo
(Bloomberg) — The World Bank may provide as much as $3 billion to the Democratic Republic of Congo as the…
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U.S. Outbreak Slows as Concern Rises Over Variant: Virus Update
The spread of coronavirus in the U.S. continues to slow, with the country ending its first week since June with…
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Inside the Race to Avert Disaster at China’s Biggest ‘Bad Bank’
(Bloomberg) — It was past 9 p.m. on Financial Street in Beijing by the time the figure inside Huarong Tower…
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U.S. Cases Halve in a Month; Singapore Shuts Malls: Virus Update
Covid-19 cases and deaths in the U.S. continue to plunge, despite the slowed pace of vaccinations. The U.S. recorded almost…
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Summer Travel Will Require Picking Your Way Through a Maze of Border Rules
(Bloomberg) — Europe is slowly peeling back border restrictions set in place to stop the spread of Covid-19, providing an opening…
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Bubble Risks Test China’s Commitment to No Sharp Turn in Policy
(Bloomberg) — Despite Beijing’s best efforts, asset bubbles are forming in China. Home prices are soaring, prompting officials to revive…
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U.S. Cases Halve in a Month; Outbreak Hits Everest: Virus Update
Covid-19 cases and deaths in the U.S. continue to plunge, despite the slowed pace of vaccinations. The U.S. recorded almost…
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Solar Storms Are Back, Threatening Power Grids and Satellites
(Bloomberg) — A few days ago, millions of tons of super-heated gas shot off from the surface of the sun…
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Summers Says Crypto Has Chance of Becoming ‘Digital Gold’
(Bloomberg) — Former U.S. Treasury Secretary Lawrence Summers said cryptocurrencies could stay a feature of global markets as something akin…
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Oregon Offers $1 Million; U.S. Enlists Dating Apps: Virus Update
(Bloomberg) — The White House is enlisting popular dating apps to encourage Americans to brandish their vaccination status in exchange…
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Arctic-Superpower Jostling Heats Up as Russia Takes on Key Role
(Bloomberg) — A battle of words between top Russian and U.S. diplomats this week is the latest sign of rising tensions…
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The Conflict in Gaza is Over. What’s Next?
(Bloomberg) — Israel and the Palestinian Hamas militant group that runs the Gaza Strip have ceased fire after 11 days…
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Snap, Rivals Power AR Advertising Boom to Woo Homebound Shoppers
(Bloomberg) — When American Eagle Outfitters Inc.’s in-person sales took a hit from the Covid-19 pandemic last year, the retailer decided…
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SoftBank’s First Female Director to Leave After Challenging Son
(Bloomberg) — SoftBank Group Corp. director Yuko Kawamoto plans to resign from the company’s board in June, removing an outspoken…
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SoftBank Director Who Challenged Son Is Leaving After One Year
(Bloomberg) — SoftBank Group Corp. director Yuko Kawamoto plans to resign from the company’s board in June, removing an outspoken…
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Fungal Epidemic, Sick Babies: Worst of Covid Plays Out in India
(Bloomberg) — Rare, life-threatening Covid-19 complications appear to be escalating in India, creating a fresh wave of critical medical challenges…
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Portugal to Raise Growth Forecast to Near 5% as Tourists Return
(Bloomberg) — Portugal is likely to raise its economic growth forecast for this year to close to 5% as tourists…
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Vaccine Shortage Crushes Africa’s Hopes for an Economic Revival
(Bloomberg Markets) — This should have been a promising year for Africa. Instead, a lack of access to vaccines threatens to…
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Africa Health Chief Urges Use of Double Vaccine Brands if Needed
(Bloomberg) — The African Union’s health agency said countries on the continent should use more than one type of Covid-19…
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