The world economy is entering the second half of 2020 still deeply weighed down by the coronavirus pandemic with a full recovery now ruled-out for this year and even a 2021 comeback dependent on a lot going right. It’s a scenario few if any predicted at the start of the […]
Bankrupt Hertz Global Holdings Inc. and its bondholders are squaring off over how to shrink its nearly half-a-million vehicle fleet. Market watchers say the outcome could upend the multi-billion dollar lease-backed ABS industry. The cars are housed in an entity linked to Hertz’s asset-backed securities and leased to the rental […]
The man behind Sweden’s controversial Covid-19 strategy has characterized lockdowns imposed across much of the globe as a form of “madness” that flies in the face of what is known about handling viral outbreaks. Anders Tegnell, Sweden’s state epidemiologist, said he advised against such restrictions on movement because of the […]
Scorn has long been heaped on those daring to question the supremacy of the U.S. dollar as the world’s dominant reserve currency. I certainly received more than my fair share in reaction to a column I recently wrote for Bloomberg Opinion on the likelihood of a sharp decline in the […]
Tuesday afternoon, a smallish Chinese real-estate firm, ticker symbol DUO, went crazy on the Nasdaq. Out of the blue, in a vacuum of news, depositary receipts of the Shenzhen-based outfit shot up 13-fold, taking its market capitalization to $4 billion. Nobody had a definitive reason why. But people could guess. […]
President Donald Trump’s directive to pull 9,500 troops from Germany hits home hard for friends of America like Edgar Knobloch, whose Bavarian town has been home to U.S. service members for seven decades. Like Chancellor Angela Merkel, the mayor of Grafenwoehr was caught off guard by the latest sign of […]
Economists are slashing forecasts for Canadian output again as the country haltingly reopens with large parts of the economy still shut down. Canada’s economy will shrink by 42% annualized in the three months through June 30 from the prior quarter, according to the median forecast in a Bloomberg survey of […]
More than 99% of Italy’s coronavirus fatalities were people who suffered from previous medical conditions, according to a study by the country’s national health authority. After deaths from the virus reached more than 2,500, with a 150% increase in the past week, health authorities have been combing through data to […]
COVID-19 (an acronym for Coronavirus Disease 2019), also known as Coronavirus Disease, incorrectly, as Coronavirus Pneumonia, is an infectious disease caused by the SARS-CoV-2 virus. It was first detected in the Chinese city of Wuhan in December 2019. Having reached more than 100 territories, the World Health Organization declared it […]
Sweden’s unusual approach to fighting the coronavirus pandemic is starting to yield results, according to the country’s top epidemiologist. Anders Tegnell, the architect behind Sweden’s relatively relaxed response to Covid-19, told local media the latest figures on infection rates and fatalities indicate the situation is starting to stabilize. “We’re on […]