Opinion

Vaccine nationalism is escalating in a world where Covid-19 is everywhere, yet the life-saving medicines needed to fight it are scarce. The temptation to hoard doses is rising, but that would prolong the pandemic by driving an even bigger wedge between leaders and laggards. Without a focus on increasing supply and sharing doses across borders, the virus will be with ...

The arrival of the pandemic forced retailers and consumer brands to spend much of 2020 solving immediate problems. Many had to take urgent steps to protect their liquidity. Some had to hire thousands of workers to support booming demand. Others had to figure out how to get toilet paper on shelves, even if it meant buying it from a hotel ...

India’s federal budget on Monday will be a much tougher balancing act than New Delhi’s regular annual fiscal trapeze. For one thing, the pandemic has upset business-as-usual calculations of how much to spend, on what, and how to finance it. For another, an impatience to make up for lost time has to be weighed against a shrinking of policy space ...

For more than 50 years, the economics profession has sought to increase the number of Black people and women in its ranks. But one event might achieve as much for the intersection of those groups — Black women — as any of the best-intentioned initiatives: the emergence of Kamala Harris as vice president of these fractured United States. When Harris ...

As the global car industry ramps up pressure on Taiwan to produce more semiconductors, the world would do well to look at the next step in the supply chain, where Chinese factories have the task of assembling those auto electronics they so desperately need. It’s a little simplistic to blame the industry’s woes on an inability by some suppliers to ...

For the first time since the financial crisis, UBS Group AG beat all of its targets. Delivering its highest income in a decade — $6.6 billion — the world’s largest wealth manager finally proved it can expand while being as profitable as it has long promised investors. But the asset bubble that’s made the rich even richer is an aberration ...

It’s the most important number you’ve never heard of, and President Joe Biden is about to change it as he resets US environmental policy. It’s the social cost of carbon, a figure that helps determine the stringency of federal regulations governing cars, trucks, power plants, refrigerators, microwave ovens, washing machines, vending machines and much more. The social cost of carbon ...

President Joe Biden has laid out an ambitious agenda to support the economy and fight Covid-19. But he is running into opposition from both Republicans and some moderate Democrats in the Senate. He faces a choice: craft a bipartisan compromise, or try to muscle a bill through the chamber on a party-line vote. He should choose compromise. Biden can give ...

It’s hard not to look in dismay at the feeble start to the European Union’s Covid vaccination campaign. The bloc has only managed to administer about 8.9 million doses in total, according to the Bloomberg vaccine tracker, about two for every 100 citizens. The US and the UK are running at seven and 10.5 respectively, while Israel is at 43. ...

Deutsche Bank AG’s latest conduct slipup has a familiar look. Several of its investment bankers allegedly misrepresented how sophisticated some of their clients were so they could sell them risky products. It carries an echo of the early 2000s, when securities firms from around the world missold derivatives to myriad municipalities and small companies across Europe. That Deutsche should find ...