Is India opening the door for big businesses to take over its banking industry? A working group set up by the Reserve Bank (RBI), the regulator, has suggestions for what to do with ownership of private-sector banks. Large industrial houses may be permitted to own controlling stakes, it says, but only after strengthening regulation and supervision to deal with the ...

Less than a month ago, the Food and Drug Administration(FDA) said hospitals could use remdesivir, a drug manufactured by Gilead Sciences, to treat patients with Covid-19. Remdesivir, sold under the brand name Veklury, was said to shorten recovery times and reduce the need for ventilators to facilitate breathing. Yesterday, the World Health Organization (WHO) hit the brakes: It recommended that ...

The public outcry against bank bailouts during the financial crisis prompted European governments to constrain the use of public money to help lenders in crisis. New trouble at the region’s oldest bank will test whether these rules can outlast the pandemic. The Italian government faces an impossible decision over Monte dei Paschi di Siena SpA. Italy nationalised the bank in ...