BASIC
- ECONOMY
Boris Johnson and His Agenda Are Now Lame Ducks
(Bloomberg Opinion) — In Shakespeare’s cycle of plays on Henry IV and Henry V, the dissolute Prince Hal eventually transforms…
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Why Kazakhstan Protests Reverberate Beyond the Region
(Bloomberg) — Anti-government protests that roiled Kazakhstan in January were sparked not just by fuel-price increases but also unrest over…
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This Is What Europe’s Green Future Looks Like
(Bloomberg) — Green Europe will be built on rammed-earth walls, wooden pillars and recycled shipping containers — at least according…
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How $30-a-Pound Micro-Broccoli Will Help Feed the World
(Bloomberg Opinion) — Vertical farming, a system for growing food without soil or sun that for decades has thrived mainly…
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Total, Air Liquide Invest in $1.7 Billion Green Hydrogen Fund
(Bloomberg) — TotalEnergies SE, Air Liquide SA and Vinci SA pledged to contribute 100 million euros ($116 million) each to…
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Big Oil Splits On Oil’s Future
Two of Big Oil’s biggest players dropped their long-term energy outlooks this week: French energy company TotalEnergies and the Organization…
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China’s Energy Crisis May Be the Birth Pangs of a Better Grid
(Bloomberg Opinion) — Never let a good energy crisis go to waste. That’s been the maxim of lobbies on each…
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Australia Will Need to Wean Itself Off Iron Ore Export Reliance
Metallurgical coal prices, used in the steelmaking process, have hit new peaks in recent months, on a supply crunch. The…
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Gas-Starved Europe Can’t Look West as U.S. Faces Its Own Crunch
(Bloomberg) — If there’s any country that might’ve been in a position to rescue Europe from its energy crisis, it’s…
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Congo Reviews $6.2 Billion China Mining Deal as Criticism Grows
The Democratic Republic of Congo began reviewing a $6.2 billion minerals-for-infrastructure deal with China that’s faced growing criticism since President…
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Europe’s Energy Crisis Is Coming for the Rest of the World, Too
(Bloomberg Businessweek) — This winter, the world will be fighting over something that’s invisible, yet rarely so vital—and in alarmingly…
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Kominers’s Conundrums: Weight Weight… Don’t Tell Me!
(Bloomberg Opinion) — Boris Johnson recently announced that he’s hoping to revive the imperial measurement system, swapping meters and liters…
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Palm Oil May Touch 4,400 Ringgit on Tight Supplies, Mistry Says
(Bloomberg) — Palm oil futures will stay strong at least until March on an increase in export levies by top…
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Paper Shortage Hits American Retailers When They Need It Most
(Bloomberg) — Skyrocketing demand for boxes and packing materials during the pandemic has slashed paper production across North America, and…
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The Energy Future Needs Cleaner Batteries
(Bloomberg Businessweek) — Late in August, at a precisely specified point in the low Arctic, a geologist named Dave Freedman…
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Over-Estimating the Short Term and Under-Estimating the Long Term
The energy sector is fond of its long-term forecasts and projections. There are many reasons why: energy assets have long…
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In Amazon’s Flagship Fulfillment Center, the Machines Run the Show
(Bloomberg Businessweek) — One recent morning, inside a cavernous Amazon.com Inc. fulfillment center outside Seattle, Evan Shobe positioned himself before…
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UN Chief Rips Vaccine Inequity; Biden Plans Order: Virus Update
(Bloomberg) — The head of the United Nations called global vaccination inequity “an obscenity” as U.S. President Joe Biden was…
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Energy Crisis Brings Fresh Chaos for Battered U.K. Food Industry
(Bloomberg) — The fallout from Europe’s energy crisis is sending fresh shockwaves through the U.K. food sector, after online grocer…
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Europe’s Energy Woes Hit Fertilizers in Another Threat to Food
Europe’s energy crisis is spreading to the fertilizer industry, threatening to tighten food supplies and push prices even higher. Norwegian…
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Taking the Gas (and Coal) Out of Heat
When we think of global energy consumption, I imagine most of us think of two things. The first is power…
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Border Blockades Spark Australia’s Biggest Crisis in 120 Years
(Bloomberg Businessweek) — The coronavirus pandemic is creating perhaps the biggest crisis for Australia’s federal system since 1901, when six…
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‘Paranoid’ College-Cheating Dad Didn’t Know FBI Was Listening
(Bloomberg) — California real estate executive Bruce Isackson was worried when the mastermind of a massive college admissions scam told…
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Corrupt Oil Trader Turns On Colleagues in Massive Africa Bribe Case
(Bloomberg) — When Anthony Stimler left Glencore Plc in August 2019, he had two big secrets: For a dozen years, he’d…
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Syngenta, Chevron Could Face Billions in Claims Over Weed Killer
(Bloomberg) — Yet another popular weed killer used by American farmers for decades is becoming a costly liability for the…
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Aluminum Powers Toward $3,000 as Supply Snarl Supercharges Rally
(Bloomberg) — Aluminum powered toward $3,000 a ton amid expectations that supply disruptions are here to stay, while demand keeps…
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Israel Eyes Fourth Dose; U.K. Drops Vaccine Passes: Virus Update
(Bloomberg) — President Joe Biden will announce his next steps to boost the global vaccine supply before this year’s United…
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Biden Courts Businesses; Moscow Cases Jump: Virus Update
President Joe Biden’s Department of Labor officials met with business lobbying groups and leaders on Friday in an effort to…
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Here’s Why U.S. Crude Oil Supplies Took Such a Big Hit From Ida
(Bloomberg) — Hurricane Ida unleashed such furious winds and waves that almost two weeks later oil drillers, power suppliers and…
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Florida Posts Record Deaths, Wins Mask Rule Freeze: Virus Update
Florida posted a record 2,448 additional Covid-19 deaths in its weekly report, which showed a 23% drop in cases. Republican…
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El Salvador’s Bitcoin Bombshell: What Does It Mean?
(Bloomberg) — Follow @crypto on Twitter for the latest news. Ever since Bitcoin was launched as the world’s first cryptocurrency, its proponents…
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Green Junk Bond Shows High-Yield Lags Investment Grade
Transport services company Getlink’s sale this week of an environmentally friendly bond has pushed 2020’s tally for European green junk…
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What Stubborn Mules Can Teach Us About Teslas
(Bloomberg Opinion) — “Short horses” was Warren Buffett’s very ex-post advice for investors of yore playing the rise of the automobile. Thousands…
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Could China’s Crackdown Be a Second Cultural Revolution?
(Bloomberg) — It’s no coincidence that an edict barring kids in China from playing online video games for most of…
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Eskom CEO Says Carbon Capture Being Considered in South Africa
(Bloomberg) — Eskom Holdings SOC Ltd., South Africa’s biggest emitter of greenhouse gases, is evaluating the use of carbon capture…
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After Devastating 2020 Explosion, Beirut Volunteers Rebuild the City
(Bloomberg Businessweek) — After the Aug. 4, 2020, explosion at Beirut’s port, Mariana Wehbe found her city in ruins. The…
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Cox Automotive Buys Battery Recycler to Cater to Used EV Market
(Bloomberg) — Cox Automotive, which operates used-car auctions and tracks car trade-in values, bought a battery recycling startup called Spiers…
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Space Junk, Long Feared, Is Now an Imminent Threat
(Bloomberg Opinion) — In March, a Chinese military satellite appeared to spontaneously disintegrate in orbit, leaving a trail of debris…
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Billionaire Paulson Who Shorted Subprime Calls Crypto ‘Worthless’ Bubble
(Bloomberg) — Ever since John Paulson bet against the U.S. housing market more than a decade ago, people keep asking…
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IRS Pursues Promoters of Green Tax Breaks Worth Tens of Billions
(Bloomberg Businessweek) — Jack Fisher has raised hundreds of millions of dollars pitching investors on real estate development projects that…
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The U.S. Dollar Is King But It Commands Too High a Premium
(Bloomberg Opinion) — In times of uncertainty and stress, the U.S. dollar is the world’s safe haven currency. But its continual…
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Nickel Nears Seven-Year High With Metals Rising on Demand Bets
(Bloomberg) — Nickel rose for a third straight session, approaching a seven-year high on booming demand for the metal used…
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Two IPOs Reveal Gen Z’s Vision of Banking
(Bloomberg Opinion) — India’s biggest-ever initial public offering can’t be chalked up solely to the zeitgeist. Like most markets, irrational…
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For Some Brits, the American Revolution Never Ended
(Bloomberg Opinion) — This is one of the most joyous weekends in the American calendar, high summer and the commemoration…
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If Hardwood Floor Prices Have You Down, Try a More Eco-Friendly Option
(Bloomberg Businessweek) — Hardwoods are often a first choice when it comes to flooring, but they’re not perfect for every…
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Peru Candidate Seeks Bigger Cut From Mining, Not State Control
(Bloomberg) — The first-round winner of Peru’s presidential election wants to renegotiate contracts with mining companies rather than seize assets,…
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Potanin and Rusal Back $2 Billion Nornickel Buyback Plan
(Bloomberg) — MMC Norilsk Nickel PJSC’s biggest shareholders agreed to support a $2 billion share buyback this year as part…
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The EU’s Carbon Market Is About to Enter Its Turbulent 20s
Europe has had a carbon market—the world’s first—for more than 15 years. In its first decade, prices did what prices…
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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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