Life isn’t about finding perfect solutions but making difficult trade-offs. So it is with the contact-tracing apps that are proliferating faster than I can keep up with. In Germany’s newly launched “Corona App”, it has got several trade-offs wrong, and should have learned from the experience of nimbler countries like Singapore. The goal, of course, is the same for all ...

The Federal Reserve realises that it doesn’t have to buy US corporate bonds, right? I ask this question only somewhat in jest. In a surprise move, the central bank announced that it would start to buy individual company bonds under its $250 billion Secondary Market Corporate Credit Facility, specifically by following a diversified index of US corporate bonds created expressly ...

Bloomberg United Airlines Holdings Inc is planning to raise $5 billion by borrowing against its frequent-flyer program, pioneering a new tool for US carriers to boost liquidity amid the Covid-19 pandemic. Goldman Sachs Group Inc, Barclays Plc and Morgan Stanley have committed to provide the financing and arrange syndication, United said in a statement. The deal, which is expected to ...