The European Union rolled out an ambitious climate plan to transform every corner of its economy on Wednesday, and braced for years of tough negotiations to turn it into reality. Every industry will be forced…
Bloomberg Evening Briefing: Biden Signs Order to Increase…
Fulfilling one of his campaign promises, U.S. President Joe Biden signed an executive order intended to crack down on monopolistic practices while expanding business competition. The directive targets three industrial sectors in which the White House…
Russia Missing Airplane: Officials Say 28 on Board…
Moscow (AP) -- A plane carrying 28 people crashed Tuesday, apparently as it came in for a landing in bad weather in Russia’s Far East, and everyone aboard was feared dead. Wreckage from the An-26…
Xi Warns China’s Foes Will Break Against ‘Steel…
President Xi Jinping struck a defiant tone in a speech marking the Communist Party’s 100-year anniversary, calling China’s quest to gain control of Taiwan a “historic mission” and warning the country’s adversaries to avoid standing…
Covid-19 Pandemic: Live Updates and News for Jul.…
Millions of people in some of the worst Covid hotspots in Southeast Asia are in no rush for inoculation or just saying no, swayed by disinformation on social media from both local sources as well…
Worlds Fastest Property Price Surge Since Financial Crisis…
Around the world, property markets are going bananas. From the U.S. to the U.K. to China, housing is riding an extended boom. Global valuations are soaring at the fastest pace since 2006, according to Knight Frank, with…
Korea Plans $220 Handout to Most Citizens in…
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. South Korea is planning to distribute 250,000 won (around $220) to all members of the bottom 80% earning households in an effort to…
Australias Most-Populous City Struggles to Curb Delta Cases
For a fresh perspective on the stories that matter for Australian business and politics, sign up for our weekly newsletter. Sydney’s delta-variant coronavirus outbreak is proving difficult to bring under control, despite Australia’s most-populous city being…
Home to Freud, Austria Debates Carbon-Tax Therapy to…
When temperatures soar and Austrians start to get a little stir crazy, they dream of Alpine hills where scientists and philosophers like Sigmund Freud retreated to refresh mind and body. These days, ever-hotter summers are turning…
There Isnt Enough Natural Gas to Calm Down…
Natural gas markets around the globe are rallying as the world’s importers have come to a stark realization: there isn’t enough supply to go around. A long, frigid winter drained gas stockpiles from Louisiana to…