Opinion

Europe’s airlines aren’t all made equal. German flag carrier Deutsche Lufthansa AG will receive a 9 billion-euro ($10 billion) bailout and it was obliged to offer only limited concessions to Brussels in return. Meanwhile, low-cost Hungarian rival Wizz Air Holdings Plc has benefited from only limited state support. Goliath gets the goodies, and David the gruel. But anyone paying attention ...

The mighty US Dollar is having a wobble, falling to its lowest level on a trade-weighted basis since March. It’s a sign that the economic effects of the crisis are waning around the world. Perhaps it’s time for the US to rein in the unlimited economic stimulus, or at least keep some in reserve to fight specific fires rather than ...

One of the biggest ironies of the Brexit crusade against “suffocating” red tape from the European Union was that the UK was at the forefront of some of the bloc’s most onerous financial regulation after the 2008 crisis. That included a crackdown on opaquely-funded investment research — rolled out across the EU in 2018 as part of the MiFID II ...

This unraveling presidency began with the Crybaby-in-Chief banging his spoon on his highchair tray to protest a photograph — a photograph — showing that his inauguration crowd the day before had been smaller than the one four years previous. Since then, this weak person’s idea of a strong person, this chest-pounding advertisement of his own gnawing insecurities, this low-rent Lear ...

Former Vice President Joe Biden went to a church in Delaware to listen to voices of protest, then gave a speech in Philadelphia about what has happened in the country since George Floyd was killed in Minneapolis. Both appearances told us a lot about what a Biden presidency would look like. A while ago, I called Barack Obama’s high school ...

So get this. A US-listed, Cayman Islands-domiciled, Chinese internet company is seeking to sell shares in China, so that it can become more internationalised. That’s among the bizarre rationales for NetEase Inc’s offering in Hong Kong, 20 years after the company first debuted on the Nasdaq. The elephant in the room, which gets the briefest of mentions in its 458-page ...

As companies and countries pour money into the effort to develop Covid-19 vaccines, timelines keep getting more ambitious and dates for delivering a workable immunisation against the virus keep moving up. Yet even with companies such as Moderna Therapeutics Inc and AstraZeneca Plc signalling rapid progress and already enrolling patients in mid-stage trials, it would be quite a feat if ...

President Donald Trump tweeted that the executive branch will designate Antifa as a “terrorist organisation,” apparently in an attempt to pin blame for the weekend’s violent protests on the loose collection of far-left activists. The president’s announcement was characteristically unclear. Federal law says that if the Secretary of State designates a group as a foreign terrorist organisation, then materially supporting ...

Just as coronavirus infections weaken, European countries lift foreign travel restrictions and people gear up for the possibility that we might actually get on an airplane again, one of the world’s largest tourism markets is effectively shutting down. Under rules to be finalised on Tuesday, anyone arriving in the UK from June 8, including returning Britons, will have to quarantine ...

Doctors, medical administrators and consumers are falling for misleading marketing of Covid-19 antibody tests. And the FDA has exerted almost no oversight over a hodgepodge of different tests that have come on the market since April, promoted with a blitz of direct emails to clinics and hospitals that tout the tests’ ability to detect past infections of Sars-CoV2. The FDA ...