If you’re worried about the recent surge in inflation, some reflection on the past decade might prove useful therapy. Central banks are willing to look beyond price spikes they consider transitory, in large part because of a perceived need to atone for missteps after the last big slump. It’s hard to understand why the Federal Reserve appears unfazed without appreciating ...

Bloomberg Thailand plans to borrow an additional 700 billion baht ($22.3 billion) to fund measures to counter the worst wave of Covid-19 outbreak to hit Southeast Asia’s second-largest economy, people familiar with the matter said. A meeting of the cabinet chaired by Prime Minister Prayuth Chan-Ocha approved the new borrowing plan from the finance ministry, the people said, declining to ...

Bloomberg Sea Ltd, Southeast Asia’s most valuable company, more than doubled revenue in the first quarter, though losses swelled as it spent to ward off competition in the regional e-commerce and online entertainment arenas. Sales rose to $1.76 billion in the three months ended March from $714.9 million a year earlier, the Singapore-based company said. Net loss widened to $422.7 ...