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Timeline of the collapse of London Capital & Finance
The ramifications of the now-collapsed mini-bond investment firm London Capital & Finance are still being felt across the City. As…
Read More » - ECONOMY
Fed’s Brainard Sets Out Reform Plan for Covid-Stressed Markets
(Bloomberg) — Federal Reserve Governor Lael Brainard described a broad regulatory reform agenda for the coming months aimed at fixing…
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How Covid’s Toll Compares With Other Things That Kill Us
At 500,000 and counting, U.S. Covid fatalities are now a lot higher than annual deaths from most of those other…
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IBM Expands Hybrid Cloud Service, Targeting Banks, Health Care
(Bloomberg) — International Business Machines Corp. has publicly released its hybrid cloud service, furthering its plan to pivot the business…
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J&J’s Covid Vaccine Could Protect Millions — If People Take It
(Bloomberg) — Johnson & Johnson’s Covid-19 vaccine could protect millions more Americans from contracting the coronavirus. The key will be…
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Teacher Vaccine Eligibility Expands in States Where Supply Lags
(Bloomberg) — Within weeks, teachers in most U.S. states will be eligible for Covid-19 vaccines. It’s unclear whether school openings…
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This Company Helps Roughnecks Find Renewable Energy Jobs
(Bloomberg) — Alfred Burt grew up following his father across the oil patches of Texas. He carried on the family tradition,…
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How Shaun Donovan Would Run New York
(Bloomberg Opinion) — For more interviews in this series, click here. HOWARD WOLFSON: Let me start by asking you, as…
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Big Oil’s Net-Zero Plans Show the Hard Limits of Carbon Offsets
If you can’t pay the interest on your debts, an IOU isn’t going to be enough to save you from…
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Private Equity Has $300 Billion War Chest for Covid-Hit Property
(Bloomberg) — Real-estate bosses at Blackstone Group Inc. quietly smiled when Britain’s biggest-selling tabloid unwittingly endorsed their largest European real…
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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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Wall Street Forecasts for U.S. Economy Depend on Services Hiring
(Bloomberg) — Wall Street’s most bullish economic forecasts hang on a simple prediction: everybody will flood back soon to their…
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Biden Putting Tech, Not Troops, at Center of U.S.-China Strategy
(Bloomberg) — The Biden administration is moving to put semiconductors, artificial intelligence and next-generation networks at the heart of U.S.…
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Round-the-World Cruises Are Selling Out More Than a Year in Advance
(Bloomberg) — After a year of isolation and lockdowns, four months on a ship is looking pretty good to cruise super fans.…
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Chinese Scientists Find New Strains of African Swine Fever Virus
Chinese scientists have discovered new strains of African swine fever that are milder but highly transmissible, complicating efforts to control…
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Wall Street Is Set to Learn How Tough Biden’s Watchdogs Will Be
(Bloomberg) — President Joe Biden’s plans for a new era of tough Wall Street oversight will take center stage this…
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Voting Rights Challenged at Supreme Court as States Change Rules
(Bloomberg) — Voting-rights advocates are worried as the U.S. Supreme Court prepares to hear arguments in an Arizona case that…
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The Complete List of Golden Globe Winners
(Bloomberg) — Following is the complete list of winners from Sunday’s Golden Globe Awards in Beverly Hills, California: Best motion…
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A Property Boom Built on Invisible Slums
(Bloomberg Opinion) — A booming stock market at a time of pandemic recession and widening inequality is an unfortunate combination,…
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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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Big Pot Companies Target Northeastern States: Cannabis Weekly
(Bloomberg) — Some of the biggest cannabis companies in the U.S., from Terrascend Corp. to Curaleaf Holdings Inc., are preparing…
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Want Fries With That Recovery? Why Services Are Key to Economy
(Bloomberg) — Wall Street’s most bullish economic forecasts hang on a simple prediction: everybody will flood back soon to their…
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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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Bed Bugs Shied Away With Less Pandemic Travel. They’re Not Gone
They latch onto clothes and luggage in search of human blood. But less travel during the Covid-19 pandemic has helped…
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They Were on Equal Footing. Then the Ground Shifted.
“You just got to scrape along and gut it out,” he said. “We’re really struggling to get by.” But in…
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ByteDance to Boost Education Business With 13,000 New Hires
(Bloomberg) — Chinese social media titan ByteDance Ltd. plans to hire an additional 13,000 employees this year for its education…
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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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Biden’s Hopes for Rare Earth Independence at Least a Decade Away
(Bloomberg) — Joe Biden’s ambition to make the U.S. less dependent on other nations for rare earths and minerals critical…
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From Chicago to Geneva, Bonds Blowing Up Captivated Everyone
(Bloomberg) — Thomas Costerg doesn’t usually go to bed with a computer, but he couldn’t help himself Thursday night after…
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Power Retailers Contest Exorbitant Energy Charges: Texas Update
(Bloomberg) — Texas lawmakers are grilling power executives, regulators and others for a second day about why the state’s energy…
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Israeli-Owned Cargo Ship Struck by Explosion in Persian Gulf
(Bloomberg) — An unexplained blast struck an Israeli-owned cargo ship in the Persian Gulf, at a time of rising frictions…
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Conservative Power Couple Wage Legal War on Stolen-Election Myth
(Bloomberg) — A pair of self-described conservative lawyers are leading the fight to shut down the U.S. election conspiracy theory,…
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Will the 2021 Earnings Bonanza Really Happen?
(Bloomberg Opinion) — Fourth-quarter earnings are just about over, which means investors can officially turn their attention to 2021, a…
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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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London’s left behind as England’s 15 least vaccinated areas located in the capital
The 15 areas in England to have vaccinated the lowest proportion of adults so far are all in London. The…
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Local Hazards Grow as Americans Churn Out More Garbage
(Bloomberg) — As U.S. cities struggle to rein in garbage while propping up pricey recycling efforts, more companies are profiting…
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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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Judge in Google Case Disturbed That Even ‘Incognito’ Users Are Tracked
(Bloomberg) — When Google users browse in “Incognito” mode, just how hidden is their activity? The Alphabet Inc. unit says…
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Birkenstocks Are Following Dr. Martens All the Way to the Bank
(Bloomberg Opinion) — Comfy shoes have never been so hot. L Catterton, the private equity fund backed by LVMH Moet…
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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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Conservative Power Couple Lead the War Against Disinformation
(Bloomberg) — A pair of self-described conservative lawyers are leading the fight to shut down the U.S. election conspiracy theory,…
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Is News of U.S. Virus Variants Too Much, Too Soon?
(Bloomberg) — While the U.S. has focused on SARS-CoV-2 variants arriving from across the globe, homegrown strains reported to be…
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AT&T Cuts the Cord Before More Customers Do
(Bloomberg Opinion) — If AT&T Inc. starts to look like it’s standing a bit taller, that’s the result of it…
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Dell, HP Say PC Surge to Continue Even in Return to School, Work
(Bloomberg) — Dell Technologies Inc. and HP Inc. reported earnings buoyed by a resurgent personal computer demand they projected will…
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Crypto Firm Kraken Said to Seek Roughly $10 Billion Valuation
(Bloomberg) — Kraken is in talks to raise new funding in a move that would more than double the cryptocurrency…
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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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Alberta’s financial crisis deepens with $115.8B in debt despite prospects of higher oil prices
Breadcrumb Trail Links News Energy Economy Commodities Alberta’s payments to service ballooning debt exceeds corporate taxes Author of the article:…
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Biden’s Pick for Trade Representative Promises Break With Past Policy
WASHINGTON — Katherine Tai, President Biden’s pick for United States trade representative, promised lawmakers during her confirmation hearing on Thursday…
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