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Fed is powerful, except in ‘wealth inequality’

When Jamie Dimon, the head of America’s largest bank, says the US economy is in jeopardy, Federal Reserve policy makers and elected officials ought to take notice. This detail was tucked away in a Wall Street Journal profile of JPMorgan Chase & Co’s chief executive officer published near Christmas. The article began with his near-death experience in early March just ...

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India gives nod to emergency use of Astra-Oxford Covid shot

Bloomberg India has followed the UK and granted emergency approval for the coronavirus vaccine developed by AstraZeneca Plc and the University of Oxford, the first step in its plan to inoculate citizens in the country that’s home to the world’s second-largest Covid-19 outbreak. Information and Broadcasting Minister Prakash Javdekar said the AstraZeneca shot being produced locally by the Serum Institute ...

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Mukesh Ambani to pay $5.5m fine: Sebi

Bloomberg India’s market regulator ordered billionaire Mukesh Ambani and his conglomerate Reliance Industries Ltd to pay a combined penalty of 400 million rupees ($5.5 million) for allegedly violating share-trading rules about 13 years ago. In its order, the Securities and Exchange Board of India (Sebi) said Reliance and its agents operated to allegedly earn undue profits from the sale of ...

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