At a time when the economy is growing rapidly again, the last thing Congress should do is make unemployment more financially rewarding than working. Unfortunately, a part of President Joe Biden’s $1.9 trillion pandemic relief plan would do just that. The president proposes paying unemployed workers a $400 weekly supplement on top of other jobless benefits they receive. If adopted, ...

Bloomberg Macquarie Group Ltd’s green investment arm raised 1.6 billion euros ($1.94 billion) for a renewable energy fund. The company’s Green Investment Group Renewable Energy Fund 2 closed after exceeding its target of 1 billion euros and received commitments from 32 pension funds and insurers from largely the UK and Germany, as well as from some sovereign wealth funds, according ...

Bloomberg Former European Central Bank (ECB) President Mario Draghi was sworn in as Italy’s prime minister, ending weeks of political gridlock and avoiding an election during the pandemic. Draghi was sworn in by President Sergio Mattarella at Rome’s Quirinale palace, with only a few ministers in attendance because of social distancing rules. He unveiled his long-awaited government line-up, nominating the ...