China kicked off the year with a record expansion that even surpassed the glory days of the 1990s, when manufacturing and export stardom beckoned. The first-quarter performance — stellar as
Covid-19 is going to kill more people in 2021 than it did last year. If you want to see why, look at what’s happening in India. Cases have been surging in the country
The fixed-income landscape is set to be transformed as the European Union revs up to borrow $1 trillion by selling bonds in its own right. While talk of creating a market to
It’s been an awkward time for the head of the Chinese Center for Disease Control and Prevention. Gao Fu was cited over the weekend as telling a health conference that the agency was considering
Some good news for the luxury industry: There’s no sign of all that revenge spending running out of steam. Despite pandemic restrictions still gripping many parts of the world, LVMH Moet Hennessy
The U.S. Food and Drug Administration’s decision to recommend a pause in distribution of the Johnson & Johnson Covid vaccine has been roundly — and rightly — condemned across the political spectrum. It’s clear that
In a region that survives almost exclusively on tourism and the service sector, we should expect that its service standards would be of a so-called “world-class level.” In reality, the attempt
Europe faces a predicament. Even as it struggles to contain the Covid-19 pandemic, it’s setting itself up for another crisis — this one financial. To ensure the viability of the
It’s not surprising that pharmacies are turning out to be fantastic at distributing Covid-19 vaccines. As Alex Tabarrok and I pointed out in February, they are literally everywhere — 86% of the US population lives within
The IMF’s new economic forecast offers encouragement to the world’s rich countries. They’re on track to recover strongly from the pandemic. For many poorer countries, the opposite is true: The end is
The Hong Kong government’s proposal to let directors obscure their identities on the companies register is a retrograde step that will facilitate fraud and corruption. Don’t take a journalist’s word for it.
China’s state planners are notorious as purveyors of billions of yuan of budgetary spending, intimidating industrial policy and soaring technology goals. The Five-Year Plan — Beijing’s periodic, Soviet-style economic blueprint — often sends shivers
People have been predicting the ascent of telemedicine since the 1920s, but even mass broadband use wasn’t enough to make it catch on. Doctors were too worried about losing income, privacy
The Federal Reserve’s rescue of the global financial system one year ago prevented a public health crisis from degenerating into market chaos. When histories of the Covid-19 pandemic are written,
Airline change fees are a pre-pandemic relic and they should stay that way. In 2019, U.S. carriers generated $2.8 billion in revenue from penalizing customers for changing a flight booking, according to the Transportation
China will not stir up trouble, but it is not afraid of trouble either. That was the unequivocal message Beijing conveyed to the world last week. Showing that it refuses to
It has been a year since the pandemic hit India and, for me, the oddest thing is how healthy I’ve been. Like most but not all of the people I
The coronavirus has been rough on museums. An October survey for the American Alliance of Museums found that two-thirds had cut back on public programs, more than half had laid off
In the annals of 21st century capitalism, Covid-19 will go down as a pressure cooker. The pandemic has put enormous strains on livelihoods, individual well-being, healthcare systems, the viability of firms and
Every year, the American Association for University Women marks Equal Pay Day, illustrating how far into the new year women would have to work to make as much as men did the
Copyright © Macau Daily Times 2008-2022. All Rights Reserved