There was a time when Bitcoin earned its stripes as a safe asset in times of crisis or uncertainty. Now, it seems that a global disease outbreak has proven too much for the premier cryptocurrency, with prices plunging over the past month. Bloomberg Opinion first stumbled across the notion that Bitcoin was a sanctuary four years ago during Brexit fever, ...

Italy has adopted seemingly draconian measures to stop the outbreak of Covid-19 that has killed 500 people in the country so far and [the number of virus cases soared by 25% to 9,172 on March 09]. [Italy imposed national restrictions on its 60 million people to control the coronavirus on Tuesday.] Initially, the government had announced the lockdown of northern ...

Bungling the rescue of a bank that has more than $20 billion in deposits is probably the costliest own goal India has scored since its foolish November 2016 ban on most currency notes. Arm-twisting government-controlled State Bank of India to inject capital into failing Yes Bank Ltd was the only option left for New Delhi. But the halfhearted bailout just ...