Things couldn’t feel less festive in Britain right now. There’s a new — apparently homegrown — virus mutation, rising Covid case numbers, the cancellation of Christmas gatherings, and stalled Brexit talks. Now Europe has put the UK into isolation, closing borders because of worries about the new Covid strain. It isn’t just Christmas travellers who face disruption. Some 10,000 large ...

Last year’s backlash against Facebook Inc’s planned digital currency Libra would have been most CEOs’ worst nightmare. Governments and regulators linked arms to repel a perceived threat to monetary sovereignty, financial stability and data privacy. Mark Zuckerberg tried to reassure politicians by talking up financial inclusion and innovation. He even acknowledged the problem: “I get that I’m not the ideal ...

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 ...