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Bangkok votes for new chief amid Covid crisis

  Bloomberg Thailand’s capital was expected to vote for a new governor for the first time in almost a decade with the winner facing the challenges of rebuilding Bangkok’s pre-pandemic status as a tourism hub and tackling persistent pollution. More than 4.4 million people, including an estimated 700,000 first-time voters, will pick the next governor from a list of 30 ...

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Lagarde says crypto is ‘worth nothing’, should be regulated

  Bloomberg European Central Bank (ECB) President Christine Lagarde said cryptocurrencies are “based on nothing” and should be regulated to steer people away from speculating on them with their life savings. Lagarde told Dutch television that she’s concerned about people “who have no understanding of the risks, who will lose it all and who will be terribly disappointed, which is ...

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BOE gold trades at rare discount in sign of central bank selling

  Bloomberg Gold stored at the Bank of England (BOE) has been trading at an unusually low price, in a sign that central banks may be shedding some of their holdings. The Bank of England’s vaults contain 5,676 tons of bullion, one of the largest stockpiles in the world, which it holds on behalf of other central and commercial banks. ...

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