There are times when nations must do unpopular and painful things — and those are the times when a country needs a “leader”. Ours has gone missing in action. Worse, President Trump is actually subverting leadership. The resulting vacuum of power feeds confusion and chaos, as mayors, governors, members of Congress, doctors and scientists all strive to fill the vacuum. ...

The way the Covid-19 crisis ends is with vaccines — not a vaccine. More than one horse can win this race. Some of us might end up getting a shot of a more traditional vaccine, which uses parts of an inactivated virus to stimulate immunity. Others might get vaccines based on emerging technologies that use synthetic versions of the virus’s ...

It’s easy to ban a product that’s difficult to get your hands on anyway. That’s why Britain’s possible move to impose a stricter ban on Huawei Technologies Co seems opportunistic, even if it does now make sense. It’s taking advantage of harsher US sanctions on the Chinese telecoms-equipment giant to consider extending the UK’s halfway measures unveiled with great fanfare ...

Is India’s richest man betting on a tech cold war? Petrochemicals czar Mukesh Ambani plans to list his fledgling digital business overseas, Bloomberg News reported, citing people with knowledge of Jio Platforms Ltd’s initial public offering, which is planned for the next 12 to 24 months. Going to the New York Stock Exchange or Nasdaq would make sense. US-traded Chinese ...

Bloomberg Reliance Industries Ltd is working with banks on early preparations for an overseas listing of its digital and wireless business, people with knowledge of the matter said, after the unit attracted more than $10 billion of investment in a month. The conglomerate backed by Mukesh Ambani, Asia’s richest man, is preparing Jio Platforms Ltd for an initial public offering ...

Bloomberg JSW Steel Ltd, India’s most valuable steelmaker by market capitalisation, will focus on exports, cut costs and delay expansions as the coronavirus pandemic slashes demand at home. Once a bright spot for global demand, steel consumption in India plunged 91% last month while crude steel output tumbled 70% as a nationwide lockdown to combat the pandemic halted activity across ...

Bloomberg China’s race to restore normality has opened up a rare opportunity to profit from shipping aluminum into the country, which is typically burdened by excess supply of the metal. The theoretical margin from importing aluminum into China jumped to the highest level since 2016, according to Bloomberg calculations based on local spot prices and the cost of the metal ...

Bloomberg Prime Minister Shinzo Abe is doubling down on his stimulus measures with more than $1 trillion of extra help to keep businesses and households afloat amid the coronavirus recession. The 117 trillion yen ($1.1 trillion) package includes financing help for struggling companies, subsidies to help firms pay rent and several trillion yen for health care assistance and support for ...

Bloomberg Singapore’s economy is facing its worst contraction since independence more than a half-century ago as the coronavirus outbreak and measures to contain it pummel the trade-reliant city-state. The government expects gross domestic product to shrink 4% to 7% this year, down from a previous forecast of a 1%-4% contraction, as the outlook for external demand deteriorates, the Ministry of ...

Bloomberg India has moved additional troops along its northern border as it prepares for an extended conflict with neighbour China, after several rounds of talks failed to ease tensions between the nuclear-armed rivals. China has already placed about 5,000 soldiers and armoured vehicles within its side of the disputed border in the Ladakh region, an Indian government official said, asking ...