WORLD
- ECONOMY
Winning Innovations From the Global Mayors Challenge
The 15 winners were picked out of 631 applicant cities for their work creating ambitious urban innovations in the wake…
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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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What Will it Take to Vaccinate the World?
(Bloomberg Opinion) — This is one of a series of interviews by Bloomberg Opinion columnists on how to solve the…
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PBOC Seen Cutting Rates Further, Lowering RRR to Aid Economy
(Bloomberg) — China’s cut of two key policy interest rates opens the door to more monetary easing actions ahead, even…
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China’s Got Problems, But Inflation Ain’t One
China appears determined to quash — rather than live with — Covid-19. An overly muscular economic response, too, may do as much harm…
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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 Simple Way to Reduce Gun Violence Among Children
(Bloomberg Opinion) — Unlike the rise and fall and rise of violent crime, which follows a logic that researchers can…
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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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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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New York’s Next Great Restaurant Will Seat Only 16 People A Week
New York is currently awash in pricey fish swimming across the city’s sushi counters. From Shion 69 Leonard Street in Tribeca…
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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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U.S. Vaccinations Stall; Beijing Reports Omicron: Virus Update
The number of new people getting the Covid-19 vaccine is at one of the lowest points since the rollout began,…
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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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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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Europe Sees ‘New Normal’ of Constant Russia Tensions on Doorstep
(Bloomberg) — European powers are increasingly worried that even if Russian President Vladimir Putin doesn’t invade Ukraine he’ll create a…
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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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Madison, Majorities and the Threat to the Republic
(Bloomberg Opinion) — John Harris, the founding editor of Politico, kicked up a flap last week by questioning the basis of…
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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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Country Garden Drop Weighs on Property Stocks: Evergrande Update
(Bloomberg) — Shares of Country Garden Holdings Co. fell for a third day after China’s largest developer reportedly failed to…
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Armenia, Turkey Seek to Ease Decades of Enmity With Border Talks
(Bloomberg) — The success of talks that begin Friday in Moscow to normalize ties between Armenia and Turkey can be…
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The Secret Ingredient That Chili Has Been Missing? Fish Sauce
(Bloomberg) — Editor’s note: As we leave our home kitchens to dine out more, the weekly Lunch Break column has evolved to…
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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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Why Biden’s Methane Fee Isn’t a Gas Tax
(Bloomberg Opinion) — Charif Souki, who founded the biggest U.S. natural gas-export firm and now chairs another called Tellurian Inc., isn’t…
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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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U.K. Services Prices Jump at Record Pace on Supply-Chain Woes
(Bloomberg) — The prices paid by customers in the U.K. services sector rose at the fastest pace on record last…
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Why Putin’s Money Eludes Offshore Investigators
(Bloomberg Opinion) — You would expect the biggest leak of offshore data in history to contain lots of damaging information about…
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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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