(Bloomberg) -- Singapore authorities urged residents to relax on their shopping sprees that have emptied supermarket shelves, saying supplies aren’t under threat even as response efforts to battle the coronavirus outbreak have escalated.Pictures circulated online of snaking lines at supermarkets as people
(Bloomberg) -- Even before the deadly virus struck, another menace confronted the global energy industry: the warmest winter anyone can remember.Russia’s winter was so balmy that snow was trucked into downtown Moscow for New Year, and bears came out of hibernation. In Japan, ski competitions were canceled
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world threatened by trade wars.?Sign up here.?The most cheerful people on Earth are about to get some help managing their finances.In Finland, which just topped the United Nation’s World Happiness Index, the central bank is drawing
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world threatened by trade wars.?Sign up here.?Federal Reserve policy and personnel will be in the spotlight this week as the global economy continues its efforts to grapple with the impact of coronavirus outbreak.After Friday’s strong
(Bloomberg) -- It’s a mad scramble for the best data: Economists are grappling with ways to gauge the real-time impact of the coronavirus on the world economy, even as the outbreak continues to confound forecasters.Store closures, flight-tracking websites, factory shutdowns and the latest numbers on
(Bloomberg) -- The Australian government will give financial backing to a study into a new coal-fired power plant in Queensland that it said would lower power prices and improve grid reliability, drawing criticism from environmentalists who say it’s not doing enough to tackle climate change.Prime Minister
(Bloomberg) -- Secretary of State Michael Pompeo delivered a tough warning about China in a speech to U.S. governors, urging caution in business dealings as Beijing looks for ways to exploit U.S. vulnerabilities and expands repression at home.He had a pointed message for certain U.S. state pension funds
Tesla could get state subsidies in its plan to set up a gigafactory in Germany, the country's economy minister told a weekly newspaper. "In my conversations with (Tesla CEO) Elon Musk I have always made clear that there are no privileges but also no discrimination," Peter Altmaier told
(Bloomberg) -- BHP Group Ltd., the world’s top miner, is in talks with Chinese customers to delay shipments of copper concentrates as the nation extended plant shutdowns to combat the spread of the coronavirus, according to people familiar with the matter.Suppliers are considering giving buyers in China
WASHINGTON — Jason Kenney opted to join Ontario counterpart Doug Ford in the Democratic doghouse Saturday as the Alberta premier vented his spleen about progressive presidential hopefuls who have vowed to block the controversial Keystone XL pipeline expansion.With Ford seeking shelter from the blowback
COTTONWOOD HEIGHTS, Utah — An air travel entrepreneur has introduced a new Utah-based airline carrier 20 years after launching JetBlue.Utah native David Neeleman unveiled the official name of his fifth carrier startup Breeze Aviation on Friday, the Deseret News reported. He previously launched Morris
NEW YORK — Defence attorneys asked a federal judge Saturday to prevent prosecutors from quizzing Michael Avenatti about other criminal charges he faces should he decide to testify about allegations he tried to extort Nike for millions of dollars.The celebrity lawyer could take the witness stand as soon
The retail apocalypse has hollowed out malls across the U.S. And the downward trend has spurred a phenomenon, dubbed “ghost kitchens."
(Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterThe Congress of South African Trade Unions, the country’s biggest labor federation and a key ally of the ruling party, said it wants the 104 billion rand ($6.9 billion) of Eskom Holdings SOC Ltd.’s debt held by
VANCOUVER — Travellers nervous about globe-trotting during the novel coronavirus outbreak may be eligible to receive a refund for cancelling their travels, say insurance experts, but it depends on the destination, their insurance policy and other factors."I think in any case of sort of an epidemic
(Bloomberg) -- The lesson for investors backing higher Treasury yields this week was clear: A good growth story is no match for the virus-related fears gripping the market.It will be tough for the U.S. economy to serve up numbers much stronger in the coming days than what investors just saw. Yields did
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world threatened by trade wars.?Sign up here.?Italy’s central bank governor sees “significant” risks to the country’s fragile economy, with global headwinds such as the coronavirus outbreak adding to an already subdued outlook.“Gross
(Bloomberg) -- Six tornadoes tore through the Mid-Atlantic states on Friday, toppling trees, damaging homes and wrecking barns, and setting a new February record for the destructive storms in Maryland.Unusually warm and humid air pushing up from the Gulf of Mexico, extreme winds in the jet stream, and
Opioids have hit the U.S. hard over the last decade. In 2007, 18,515 Americans died from an opioid overdose. That number skyrocketed to 47,600 in 2017.
An Oscar win can mean millions for an actor’s bank account with stars on average receiving an additional 60% boost in pay, according to Money Nation.
(Bloomberg) -- PG&E Corp. said it aims to shrink the breadth and duration of intentional blackouts during California’s wildfire season as part of a $2.6 billion plan aimed at improving safety.The bankrupt utility giant wants to reduce the average geographic reach of deliberate blackouts by one-third
XFL football returns this weekend for the fist time in 19 years. Commissioner Oliver Luck says it's here to stay.
(Bloomberg Opinion) -- College textbooks can be expensive! The list price for the hardcover print version of N. Gregory Mankiw’s “Principles of Economics,” which I am singling out for reasons that will become apparent later, is $249.95.Textbooks have also gotten a lot more expensive over the past few
(Bloomberg Opinion) -- This might be a good moment in history for an eminence grise to preside over a caretaker presidency. The country is bitterly divided, and the atmosphere will soon grow more poisoned. (If Donald Trump’s re-election campaign isn’t the most vicious in U.S. history, it will not be