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- ECONOMY
Olympic Ticket Sales Halted; Hong Kong Arrests: Virus Update
(Bloomberg) — China halted ticket sales to the general public for the 2022 Winter Olympics and instead will invite groups…
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World’s Biggest Chicken Exporter Taps Banks for $1.4 Billion Share Sale
(Bloomberg) — BRF SA, the world’s biggest chicken exporter, has picked a syndicate of 11 banks to handle a share…
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China Property Bond Losses Pass $82 Billion: Evergrande Update
(Bloomberg) — China’s debt-saddled property developers have seen their offshore bonds lose $82 billion in value, and more losses and…
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‘Tough’ Weeks Ahead in U.S.; Tokyo Weighs Curbs: Virus Update
U.S. Surgeon General Vivek Murthy defended the Biden administration’s response to the omicron surge, conceding though that health officials need…
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U.S. Faces ‘Tough’ Weeks Ahead; Djokovic Departs: Virus Update
U.S. Surgeon General Vivek Murthy defended the Biden administration’s response to the omicron surge, conceding though that health officials need…
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One of the World’s Wealthiest Oil Exporters Is Becoming Unlivable
Trying to catch a bus at the Maliya station in Kuwait City can be unbearable in the summer. About two-thirds…
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Investors Search for Safe Havens as Omicron Takes Hold in Asia
(Bloomberg) — The threat of the omicron variant is becoming real for many of Asia’s biggest countries just as it…
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Parents and Retirees Teach Class as Omicron Sidelines Faculty
(Bloomberg) — Clark County, Nevada, was short nearly 2,000 teachers this week. The district had 400 substitutes to cover them. …
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Why GameFi Is Crypto’s Hot New Thing (and What Is It?)
(Bloomberg) — One of the hottest things in the cryptocurrency world right now is GameFi. Its name reflects the combination…
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On the Hot Seat for 2022: The CEO of Instacart, and More
(Bloomberg Businessweek) — While Covid remains topic No. 1 for most of the world, here’s a look at people with…
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Singapore Workers Risk Jobs; Tokyo Cases Surge: Virus Update
Workers in Singapore who haven’t been inoculated risk losing their jobs, Covid-19 infections rose in Tokyo while Hong Kong will…
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Biden Forms Task Force, Faces Criticism Over Surge: Virus Update
The Biden administration has assembled a group that will prepare new countermeasures for the emergence of future Covid-19 variants and…
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What the Jan. 6 Committee Has Done, and What’s Next
(Bloomberg) — The U.S. House of Representatives committee investigating last year’s insurrection at the U.S. Capitol is often in the…
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How NYC Is Opening the Voting Booth to Non-U.S. Citizens
(Bloomberg) — Hundreds of thousands of people are newly eligible to vote in New York City elections thanks to a…
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Biden Forms New Group to Plan for Future Coronavirus Variants
(Bloomberg) — The Biden administration has assembled a group that will prepare new countermeasures for the emergence of future Covid-19…
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How a Country Joins NATO (and Why Putin Cares)
(Bloomberg) — Russian President Vladimir Putin’s massing of troops on Ukraine’s border has sparked a standoff with the West and…
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Whipped-Up Nasdaq Volatility Is New Gut Check for Bottom Feeders
(Bloomberg) — Is it lion-like courage, or sheep to the slaughter? That’s the question for retail dip-buyers who keep hurling…
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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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Starbucks Staff to Vote on Union at Three More N.Y. Stores
(Bloomberg) — Starbucks Corp. employees at three more restaurants in New York state will vote on unionization, a U.S. labor…
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FTX Hires Lightspeed’s Amy Wu to Lead New $2 Billion Crypto Fund
Amy Wu has left Lightspeed Venture Partners for crypto-exchange FTX, where she will lead a newly launched $2 billion venture…
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How Europe Has Become So Dependent on Putin for Gas
(Bloomberg) — Europe’s relations with Russia are close to their lowest point in decades. Yet now President Vladimir Putin’s willingness…
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Netflix Needs New Subscribers. Its Korean Playbook Is Its Secret Weapon.
(Bloomberg) — It took “Squid Game” just four weeks this past fall to become the most-watched Netflix Inc. show ever released…
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Omicron Hastens U.S. Restaurants’ Sales Drop, Bankruptcy Threat
(Bloomberg) — U.S. restaurants stayed afloat during the pandemic thanks to outdoor heaters, elaborate patio spaces, and to-go drinks. But…
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German Cases Soar; Stranded Hong Kong Bankers: Virus Update
(Bloomberg) — Germany reported record new coronavirus cases for the third straight day as the highly transmissible omicron variant swept…
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Citi to Sell Southeast Asian Assets in $3.6 Billion Deal
(Bloomberg) — Citigroup Inc. agreed to sell consumer-banking businesses in Indonesia, Malaysia, Thailand and Vietnam to United Overseas Bank Ltd.…
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Key Theranos Witness Tied by Holmes to Another Troubled Startup
(Bloomberg) — A former Theranos Inc. lab director who was the primary source for a media expose that took down…
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Afghanistan’s Economy Is Collapsing as Cash Disappears
(Bloomberg Businessweek) — Just weeks after the last U.S. troops left Afghanistan, a cash crisis has crippled its already feeble…
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Ex-Google Engineer Builds Unicorn at Tiger Global-Backed Firm
(Bloomberg) — Ikkjin Ahn dropped out of his doctorate program in 2008 when Google came calling and headed for Silicon…
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New York Public Library Is Eliminating Late Fees in Equity Push
(Bloomberg) — New York City’s three largest public libraries are no longer collecting late fees and clearing all existing balances in…
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Wall Street’s Shift South Runs Into Texas, Florida Culture Wars
(Bloomberg) — Wall Street’s trip down south to Texas and Florida — where taxes are lower, regulators friendlier, real estate…
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Law Firm at Center of Pandora Helped Global Rich Hide Money
(Bloomberg) — Two decades ago, Jaime Aleman was looking to re-establish Panama’s reputation as a stable business center following the…
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Elliott Co-CEO Says Rising Rates Threaten Equities Bull Run
(Bloomberg) — The co-head of activist investor Elliott Investment Management said rising interest rates and inflation threaten to put an…
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Ex-Credit Suisse Trader Lemssouguer Plans $1 Billion Fund Launch
(Bloomberg) — Hamza Lemssouguer, a former top debt trader at Credit Suisse Group AG, is raising hundreds of millions of…
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J&J, Astra Seek FDA Approval; Singapore Travel: Virus Update
(Bloomberg) — Johnson & Johnson is seeking U.S. backing for a booster dose of its one-shot vaccine after data showed…
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How Putin’s Advisers Convinced Him to Take Climate Risks Seriously
(Bloomberg) — After years of publicly dismissing climate change, President Vladimir Putin is finally prodding officials to take the threat…
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Global Energy Crisis Is the First of Many in the Clean-Power Era
(Bloomberg) — The world is living through the first major energy crisis of the clean-power transition. It won’t be the…
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Law Firm At Center of Pandora Helped Global Rich Hide Billions
(Bloomberg) — Two decades ago, Jaime Aleman was looking to reestablish Panama’s reputation as a stable business center following the…
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Half-Million Excess U.S. Deaths in 2020 Hit Minorities Worse
(Bloomberg) — Racial and ethnic minorities accounted for a disproportionate number of the half million excess deaths last year, according…
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China PCR Purchases Spiked in Months Before First Known Covid Cases, Firm Says
(Bloomberg) — The Chinese province that was the initial epicenter of the Covid-19 outbreak made significant purchases of equipment used…
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The Left-for-Dead Hospital That Got a Second Chance for $1
(Bloomberg Businessweek) — Word of Mercy Hospital’s demise began to circulate just after 9 a.m. on July 29, 2020. The…
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Teva Recalls U.S.-Made Drugs Following Contamination Fears
(Bloomberg) — Teva Pharmaceutical Industries Ltd., one of the largest generic-drugmakers in the world, has recalled more than 2.5 million…
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The Real Cost of U.S. Debt Is Nearer the Floor Than the Ceiling
(Bloomberg) — U.S. politicians are locked in a huge fight over something that more and more people in the financial…
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Christmas at Risk as Supply Chain ‘Disaster’ Only Gets Worse
(Bloomberg) — It’s the beginning of October, just the start of what the retail world simply calls “peak.” But the…
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Jamie Dimon Defends His Pay in Axios Sitdown After New Award
(Bloomberg) — JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, granting an interview to Axios’s HBO program to discuss…
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BioNTech Sees New Vaccine Need; Japan in Talks: Virus Update
(Bloomberg) — BioNTech SE Chief Executive Officer Ugur Sahin, whose company developed the first Covid-19 vaccine along with Pfizer Inc.,…
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SoftBank Is Cutting More Deals With Fewer Staff Than Ever Before
(Bloomberg) — Masayoshi Son has sharply accelerated the pace of his startup investments this year, quintupling the number of companies…
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Ivermectin Advocates Push for Unproven Covid Drug
(Bloomberg) — When Catherine Moring, president of Mississippi’s Public Health Association, tested positive for Covid-19, she turned to ivermectin to…
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Biden Mourns 700,000 Deaths; Alaska Crisis Deepens: Virus Update
President Joe Biden marked the “painful milestone” of 700,000 U.S. deaths from Covid-19, saying it’s a reminder for Americans to…
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How a Silk Necktie Company Built a Cult Following Out of a Tiny Naples Shop
(Bloomberg Businessweek) — Anyone strolling along Piazza Vittoria in Naples might be forgiven for missing the tiny shop crouching beneath…
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Tesla Delivered 241,300 Cars in Quarter, Topping Estimates
(Bloomberg) — Tesla Inc. delivered a better-than-expected 241,300 cars worldwide in the third quarter, a record for the electric-car maker…
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