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
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
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
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
Once people have been vaccinated against Covid-19, they’re safer to dine out, fly on airplanes, attend concerts and movies, work out at the gym, go to the office, cross borders
It’s not hard to see why Blackstone Group Inc. would see value in the stricken Australian casino operator Crown Resorts Ltd. The private equity firm, which is offering to take over the operator
Among the unsettling revelations about the Jan. 6 attack on the U.S. Capitol is the number of rioters who served in the military. Of the more than 300 people so far charged with
President Joe Biden is showing he understands that Asia matters. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin visited Japan and South Korea this week — their first trips abroad
Investing in China’s $10.7 trillion stock market is a frustrating business. Over the years, the bull phase has been getting shorter and narrower, making buy-and-hold a losing game. From trough to
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