Global

Richest families in Southeast Asia look for the next unicorn

Holding companies, family investing arms and other vehicles of moguls from Thailand's Dhanin Chearavanont to the...

Global

22.10.21

Biden administration warns that climate change poses risks to financial system

But the report by the Financial Stability Oversight Council is likely to disappoint climate activists who sought stronger measures to curtail the flow of investments into fossil fuel c...

Global

21.10.21

China's falling home prices cast another shadow over economy

The 0.08% drop in new-home prices across 70 cities in September Jetblue may be small, but it poses a potentially big blow for an economy that counts on property-related industries for ...

Global

21.10.21

The world needs a plan for stranded assets

Six years on, too little has been done. The approaching COP26 climate talks have a broader agenda, but the danger that action on climate change might cause financial and economic insta...

Global

21.10.21

White House considers new taxes on billionaires, stock buybacks as higher corporate rate appears to fall out of economic package

While the Biden administration initially proposed increasing the corporate tax rate to 28 percent, a move that would partially unwind the tax cuts under former president Donald Trump, ...

Global

20.10.21

Bitcoin-based fund's expected launch will make it easier for investors to buy a stake in crypto

Starting Tuesday, everyday investors with brokerage accounts will be able to buy a stake in the world's largest cryptocurrency through a new fund that tracks its future price. The exch...

Global

20.10.21

In secret vaccine contracts with governments, Pfizer took hard line in push for profit, report says

The coronavirus vaccine developed by Pfizer and BioNTech has proven a success. First to receive emergency use approval in the United States, the Pfizer shot has become the world's most...

Global

20.10.21

Facebook to pay more than $14 million in Justice Dept. settlement over discrimination against U.S. workers

The social-media behemoth has also agreed in a settlement with the Labor Department to do more to recruit U.S. workers for technology jobs and be subject to federal scrutiny for up to ...

Global

19.10.21

Where a $5 billion green incentive runs into politics of coal

The world's richest countries are courting South Africa as a model of how to transition to a more climate-friendly future from a dependency on coal. While $5 billion of cheap loans and...

Global

19.10.21

Fed staff says Wall Street is getting inflation call all wrong

While some officials are publicly anxious about rising prices and Wall Street has ramped up its forecasts, the Fed's staff in Washington predicts inflation will be back under 2% in 202...

Washington Post

18.10.21

Breaking down the permanently temporary 2021 economy

Twenty-one months after the country's first confirmed case of the coronavirus, the U.S. economy remains rocked by conflicting forces, with businesses and households struggling to adjus...

Washington Post

18.10.21

Hollywood union reaches deal with producers to avoid nationwide strike

Hollywood producers and labor leaders narrowly averted a strike that would have shuttered production across the country, agreeing on Saturday to a new contract that guarantees producti...

Washington Post

18.10.21

Netflix fires employee for sharing information about Dave Chappelle's special amid LGBTQ backlash

Netflix fired an employee who leaked "confidential" and "commercially sensitive" information regarding Dave Chappelle's latest stand-up special, the company said Friday, after backlash...

Bloomberg

18.10.21

Why stagflation is back on some traders' radars

If 2020 was a year for worrying about pandemic-induced economic collapse and the first half of 2021 was a time for worrying about post-pandemic inflation, for a growing number of trade...

Global

15.10.21

Virgin Galactic pushes back next test flight as it makes 'enhancements' to its spaceplane

The decision means that a test flight scheduled for this month, which was to have flown members of the Italian Air Force and National Research Council, will be delayed until the second...

Erhverv

15.10.21

U.S. overtakes China to become world's largest bitcoin mining hub, report finds

The U.S. lead follows China's crackdown on bitcoin mining in recent months, which sent the worldwide price of bitcoin plummeting. China issued a nationwide blanket ban on crypto mining...

Erhverv

15.10.21

Wild weather sparks ship backlog from Shenzhen to Singapore

Shipping data compiled by Bloomberg show there are currently 67 container ships anchored off Hong Kong and Shenzhen, around 22% more congested than median daily counts from April throu...

Erhverv

15.10.21

Today's inflation is different. Here's how, in four charts

For months, officials at the Federal Reserve and White House have argued that covid-era inflation is temporary, or "transitory," and that prices will simmer back down as the economy ha...

Erhverv

14.10.21

China's exports surge to record as demand outweighs power crisis

Exports grew 28.1% in dollar terms in September from a year earlier to reach a high of $305.7 billion, data from the General Administration of Customs showed Wednesday. That beat econo...

Erhverv

14.10.21

Brexit is back with a vengeance

In a major escalation this week, Britain's Brexit minister David Frost called for the scrapping of the sensitive compromise with the EU that was designed to prevent a hard border emerg...

Erhverv

14.10.21

Economic challenges piling up for the Biden administration

Administration officials are confronting an unfamiliar economic landscape of strong growth and rising wages, even as the highest inflation in 13 years and persistent problems moving go...