It’s frustrating enough when progress in medicine plods along slowly, but downright alarming when it starts to backslide. Bacterial infections were considered essentially conque-red in the 20th century, and now resistant strains are projected to kill more people than cancer by 2050. While some people dispute the projected death rate, it’s agreed that bacteria are evolving resistance to antibiotics faster ...

Bloomberg For banks that finance trade in Asia, the tariff war between the US and China couldn’t come at a worse time. Lenders globally have faced declining revenue from the $9 trillion business of funding cross-border commerce for five years running, thanks to a drop in margins that is persisting in Asia. Now, as the trade dispute between the world’s ...

Bloomberg Mark Carney thrust the Bank of England (BOE) into the Brexit debate again, saying he’ll give a thumbs up — or down — to any divorce deal that British Prime Minister Theresa May reaches with the European Union. “We will have to give our view on whether or not the arrangements are consistent with our ability to fulfill our ...

Bloomberg BlackRock Inc. Chief Executive Officer Larry Fink said that intensifying global trade tensions may spur a broad market downturn and a slowdown in the US economy. Stocks could drop 10 percent to 15 percent and US gross domestic product would start slowing in 2019 if the Trump administration sees through its threat to levy tariffs on an additional $200 ...

Bloomberg UBS Group AG abandoned its forecast for the yuan to appreciate this year, anticipating that the trade war will continue to put pressure on the currency, hurt China’s economic growth and spur the country’s policy makers to unleash more liquidity. “With underlying pressures on CNY set to intensify and China’s current-account surplus likely to decline notably, we see CNY ...

Bloomberg Pakistan’s central bank devalued the rupee for the fourth time since December, according to bankers with knowledge of the matter, as economic pressures persist before a national election in nine days. The currency, whose rate is set by the central bank, dropped as much as 5.3 percent to 128 per dollar at the close, according to State Bank of ...

Bloomberg Airbus SE’s bet on a slow-selling Canadian jetliner is paying off. The European planemaker reached its second 60-plane deal in a week for the A220 aircraft, this time through a pact with a planned US carrier backed by airline entrepreneur David Neeleman. The agreement is valued at $5.4 billion before customary discounts, the same as last week’s order by ...

Bloomberg Ethiopia’s national carrier is making its first regular passenger flight to neighbouring Eritrea since a war two decades ago, underlining a surprise rapprochement between the former foes who have vowed to rebuild economic links. The Ethiopian Airlines Group flight left the capital, Addis Ababa, on July 18, heading for Eritrea’s main city, Asmara. It’s the first flight in what ...

Bloomberg Shake Shack Inc. is stirring up shares of SSI Group Inc. after the burger chain founded in New York selected the upscale Philippine retailer as its local partner. News that the world famous ShackBurger will be served in Manila beginning in the spring of 2019 sent shares of licensee SSI rising as much as 18 percent, the most in ...

Bloomberg Boeing Co. sealed a deal to sell 777 freighters with a sticker price of almost $10 billion to Russia’s Volga-Dnepr Group, the world’s largest carrier of outsize cargo. Volga-Dnepr signed a letter of intent to buy 29 of the 777s and confirmed a $2 billion order for five 747-8 freighters, Boeing said in a statement. The 777F is priced ...