The pandemic relief deal that Congress struck is long overdue. Unfortunately, the package includes a provision that threatens to make this and future crises worse — by limiting the emergency powers of the Federal Reserve. At issue is Section 13(3) of the Federal Reserve Act, which grants the central bank broad powers to make loans and otherwise keep money flowing ...

Bloomberg An Indian court allowed Amazon.com Inc to oppose Future Group’s $3.4 billion asset sale to Mukesh Ambani’s conglomerate but left it to local regulators to decide on the deal, in a mixed ruling for the US giant fighting Asia’s richest man for dominance in one of the world’s largest retail markets. The Delhi High Court said on Monday it ...

Bloomberg EasyJet Plc shares rose after the UK airline said it will defer the delivery of another 22 Airbus SE jets to conserve cash as the coronavirus crisis continues to depress travel demand. Europe’s second-largest discount carrier will postpone the handovers, which were due over a three-year period starting in October 2021, to the 2027-2028 period. The timing of 15 ...