CMD
- ECONOMY
Draghi Bets 261 Billion Euros to Redesign Italy’s Economy
(Bloomberg) — Prime Minister Mario Draghi has just a few days to refine what he calls a “historic” plan to…
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Why Jamie Dimon, Walmart and McDonald’s Want to Hire Ex-Convicts
(Bloomberg Opinion) — JPMorgan Chase & Co. CEO Jamie Dimon has been preaching the benefits of hiring people with criminal records…
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Cow Cocktails and Vaccines Join the Battle to Reach Net Zero
(Bloomberg) — Cows in New Zealand are getting a cocktail typically associated with hipsters in New York or London. Branded…
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Brazil at Risk of Steeper Rate Hikes, Former Central Banker Says
(Bloomberg) — Brazil’s central bank is at risk of having to raise interest rates more than expected just a month…
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Global Travel Braces for Vaccine-Powered Revival
(Bloomberg) — Even as the coronavirus pandemic continues to rage in many corners of the world, places that have successfully…
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Total Suspends Mozambique LNG Indefinitely on Security Threat
French energy giant Total SE suspended its $20 billion liquefied natural gas project in Mozambique indefinitely after an escalation of…
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Temasek Joins 64-Year-Old Founder on Path to Next India Unicorn
(Bloomberg) — Ronnie Screwvala pioneered cable television in India in the 1980s and then built a unicorn that was acquired…
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This Mother’s Day, Bring the Restaurant Experience Home for Mom
(Bloomberg) — Traditionally, the place to find moms on Mother’s Day was at a restaurant table. In years past, the second…
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Biden Offers Rare Praise for Russia’s Putin: Climate Update
(Bloomberg) — Day two of President Joe Biden’s international climate summit commences on Friday. Biden pledged during the first day…
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Wall Street’s Trillion-Dollar ESG Club Comes With Huge Tax Perks
(Bloomberg) — Bank of America Corp. sparked a stir in January — and a little envy — with just a few lines of…
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Biden Gets No Fresh Starts on Complicated U.S. Foreign Policy
(Bloomberg Businessweek) — “America is back,” President Biden said in February, promising a diplomacy-centered reset of foreign policy. When it…
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As Infrastructure Battle Heats Up, Currency Market Finds Winners
(Bloomberg) — As lawmakers wrangle over President Joe Biden’s latest trillion-dollar stimulus package, currency investors are already picking the winners…
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There’s a New ‘Organic’ Food That Fights Global Warming
(Bloomberg) — The pandemic turbocharged many trends that were already underway when the coronavirus struck the U.S. early last year. One of…
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India’s Covid Crisis Saps Fuel Demand in Warning to Oil Recovery
(Bloomberg) — India’s deadly second Covid-19 wave has brought an abrupt halt to its nascent recovery from the pandemic, with…
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Biden’s Climate Summit Shows How Far U.S. Leadership Has to Go
(Bloomberg) — President Joe Biden convened world leaders for a two-day virtual climate summit on Thursday to send a message…
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‘Apocalyptic’ St. Vincent Eruption May Cost Up to 50% of GDP
(Bloomberg) — The ongoing volcanic eruption in St. Vincent and the Grenadines could cost the Eastern Caribbean nation 50% of…
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Cathie Wood’s ARK Has Bitcoin and Solar Backwards
(Bloomberg Opinion) — Does this look like an industry that has a problem with costs? Cathie Wood’s ARK Investment Management…
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Ashmore Funds to Sell Pakistan Coca-Cola Can Maker Stake Via IPO
(Bloomberg) — A group of funds managed by Ashmore Investment Management Ltd. are planning to sell part of their stake…
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What’s Next for Chad After Long-Serving President Deby’s Death
(Bloomberg) — Chad has only had one ruler since Idriss Deby came to power in an uprising 30 years ago.…
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Cold Front Sweeps Through Central U.S. Toppling Daily Records
(Bloomberg) — Record-setting cold is gliding through the central U.S. and will seep to the East Coast Thursday before temperatures…
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A New Agave Drink From Mexico Is the Tequila That’s Not Tequila
(Bloomberg) — The U.S. has had a long love affair with distilled drinks made from agave. First came the tequila…
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Bayer Deal Pays Roundup Plaintiff to Keep Fighting It in Court
(Bloomberg) — Legal settlements usually aim at ending litigation, but Bayer AG has entered into a deal that essentially pays…
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John Authers and Mohamed El-Erian on What Comes After Reflation
(Bloomberg) — Here’s a complete transcript of the live blog event “What Comes After Reflation: Q&A With El-Erian & Authers.”…
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Weather’s New Normal Reveals ‘Fingerprints of Climate Change’
(Bloomberg) — The U.S. is about to officially establish a new normal for its weather, and it has the “fingerprints…
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Private Equity Risks a Hit From Trudeau’s Interest-Deduction Cap
The budget unveiled by Canadian Prime Minister Justin Trudeau’s government on Monday includes a tax provision that could affect enterprises…
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Trudeau Looks Beyond Near Term With Climate Stimulus
Justin Trudeau’s government is proposing a raft of funding for Canadian companies — including money for infrastructure and tax incentives…
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Central Banks to Pour Money Into Economy Despite Sharp Rebound
The aggressive rebound in global economic growth still isn’t enough for most of the world’s central banks to pull back…
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Oil Slides With Broader Market Selloff Adding to Demand Concerns
(Bloomberg) — Oil slumped alongside a broader market rout as a resurgent virus in some of the world’s top oil…
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Xi Warns of Decoupling;Green Goal May Stoke Default: Boao Update
(Bloomberg) — Chinese President Xi Jinping, in a keynote speech delivered for the annual Boao Forum Tuesday, called for greater…
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U.K. Economy Picks Up Steam as Hiring Restarts With Lockdown End
The U.K. economy is building momentum, with real-time indicators suggesting consumers have started to splurge some of the cash they’ve…
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Kim Stanley Robinson on Cities as a Climate Survival Mechanism
Getting through the 21st century without a mass-extinction event means making ourselves far more scarce. At least over large parts…
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Gas Is the New Coal With Risk of $100 Billion in Stranded Assets
(Bloomberg) — Natural gas is falling out of favor with emissions-wary investors and utilities at a quicker pace than coal…
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Nigella Lawson’s Trick to Making Banana Bread Feel Fresh Again
(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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Is Bitcoin Boom a ‘Better Gold’ or Just Another Bubble?
(Bloomberg) — Bitcoin investors are having a wild ride. The best-known cryptocurrency reached a series of records in 2021, just…
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China Cracks the Trillion-Dollar EV Question
(Bloomberg Opinion) — Despite all the optimism, there’s still a multi-trillion dollar barrier facing electric vehicles. It isn’t just the…
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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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Iran Nuclear Crisis Escalates Ahead of Big Power Talks in Vienna
An attack targeting Iran’s primary nuclear-fuel facility and Tehran’s retaliatory vow to begin enriching uranium close to weapons grade will…
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Nuclear Escalation Leaves Iran Talks at a ‘Critical Juncture’
(Bloomberg) — An attack targeting Iran’s primary nuclear-fuel facility and Tehran’s retaliatory vow to begin enriching uranium close to weapons…
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Fed Sees Supply-Chain Issues Growing Despite Better U.S. Outlook
(Bloomberg) — The Federal Reserve is seeing both labor and material shortages mounting up across several sectors of the U.S.…
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Oil Agencies Bet on Vaccine Win for Second-Half Demand Optimism
(Bloomberg) — Covid-19 vaccine roll-outs are going to have to stimulate travel and economic activity if stronger oil demand forecasts…
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Biden Rushes to Protect the Power Grid as Hacking Threats Grow
(Bloomberg) — A White House plan to rapidly shore up the security of the U.S. power grid will begin with…
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We Need Green Energy. We Don’t Need Green Jobs.
(Bloomberg Opinion) — One of the most disturbing trends in recent economic thought is the view that green energy should…
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Fed Is More Worried by Inflation Running Too Cold Than Too Hot
(Bloomberg) — Federal Reserve officials are just as worried about an inflation rate that runs too cold as one that…
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Coinbase Listing Throws Spotlight on Nasdaq Amid Bitcoin Boom
(Bloomberg) — Nasdaq Inc., an exchange that has never hosted a major direct listing, is about test its hand on…
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Rubber Scarcity Creates New Headache for Beleaguered Automakers
(Bloomberg) — Automakers struggling with pandemic-induced plant shutdowns and a global chip shortage are now confronting another supply chain headache:…
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How Hedge Funds Lost Their Way and Why They’ll Come Back
(Bloomberg Opinion) — There’s no shortage of shiny objects for investors to chase these days, from Bitcoin to SPACs to…
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India Has 2nd-Most Cases; U.K. Hits Vaccine Target: Virus Update
(Bloomberg) — India overtook Brazil as the country with the second-most cases in the world. A study in Brazil showed…
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Shell Energy Transition Plans Fail to Assure Climate Groups
(Bloomberg) — Six environmental and shareholder organizations have asked a $54 trillion investor group to vote against Royal Dutch Shell…
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Nvidia to Make Central Processing Units, Going After Intel
(Bloomberg) — Nvidia Corp. said it’s offering the company’s first server microprocessors, extending a push into Intel Corp.’s most lucrative…
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White House to Hear From Companies Vying for Scarce Chips
(Bloomberg) — Top Biden administration officials will hear Monday from companies vying with each other for a sharply constrained global…
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