If one country approves a coronavirus vaccine, should another just trust it and follow suit? Covid-19’s rapid global spread pushed labs and manufacturers to develop vaccines quickly. Several are now in use and more are in various stages of development. Early predictions that a vaccine would take 12 to 18 months to arrive seemed optimistic. Hand it to the pharmaceutical ...

Malaysian Prime Minister Muhyiddin Yassin finally got the state of emergency he first sought months ago. The sweeping powers ostensibly give him a shot at quashing a surge in coronavirus infections while, critically for the future of his leadership, putting the lid on a political rebellion that threatened his precarious 10-month tenure. The emergency decree was declared by the king ...

The UK is looking for ways to set itself apart from its European neighbours after Brexit. On monetary policy, however, Britain could soon become more European. The Bank of England is studying the possibility of cutting interest rates below zero, as central banks in Denmark, Sweden, Switzerland and the euro zone have all done in the recent past. Policy makers ...

In a week when Democrats won two US Senate seats in Georgia to gain control of Congress, financial markets affirmed a view already prevalent on Wall Street: that Democrats are the best party to get the economy out of its growth slump. This is a shift from prior decades because of the specific circumstances of the economy in 2021. And ...

Bloomberg SAS AB is unexpectedly losing its chief executive officer, leaving Scandinavia’s main airline to search for a replacement with the industry going through an unprecedented crisis. CEO Rickard Gustafson is leaving to take the top job at Swedish industrial giant SKF AB, according to a statement. The 56-year-old, who has spent a decade at the helm of Stockholm-based SAS, ...

Bloomberg In a bid to better leverage its millions of customers, retail giant Walmart Inc created a fintech startup to win more of their spending. The company has formed a partnership with Ribbit Capital, an investor in stock-trading platform Robinhood, to start a venture that “will bring together Walmart’s retail knowledge and scale with Ribbit’s fintech expertise to deliver tech-driven ...

Bloomberg Airbus SE former Chief Executive Officer Tom Enders has become the latest aviation stalwart to throw his weight behind the future of flight, joining the board of German startup Lilium. Enders, an industry veteran with almost three decades of experience, spent seven years at the helm of planemaker Airbus before stepping down in 2019. Lilium impressed him with its ...

Bloomberg Representatives from Boeing Co and the US National Transportation Safety Board (NTSB) will leave for Jakarta this week to help with an investigation into Saturday’s crash of a Sriwijaya Air passenger jet, which hurtled into the Java Sea with 62 people on board. The Indonesian government granted a waiver allowing the Boeing and NTSB officials to enter the country ...

Bloomberg Australian household spending jumped in November as the southeastern state of Victoria was released from lockdown and consumers took advantage of discounts during annual Black Friday sales. Retail sales advanced 7.1% from a month earlier, compared with the 7% gain forecast by economists and the 7% reported in late December as the preliminary figure, data from the Australian Bureau ...

Bloomberg Vice President Mike Pence signalled he’ll spurn demands to immediately oust Donald Trump over a deadly riot by the president’s supporters as the two met and agreed to work together for the remainder of the term, according to a senior administration official. The discussion adds to indications that Trump has no plans to resign before Joe Biden’s January 20 ...