Data that came out last week illustrated three developments that underscore the need for the US to resume healthy reopenings: worrisome Covid-19 infections, hospitalisations and deaths in a growing number of states; the clear and present risk of significant recurring damage to the economy; and the considerable upside of reversing both trends quickly. What is desirable is also feasible, although ...

The UK’s biggest banks have come a long way since the financial crisis, when taxpayers had to rescue them to the tune of tens of billions of pounds. They’re certainly stronger, with comfortable capital buffers, as they head into what could be the worst recession in three centuries. But with the future of the economic rebound still far from certain, ...

Bloomberg Seven & i Holdings Co, the world’s largest convenience store operator, is betting $21 billion on the future of quick-stop shopping in the US, reviving a once-abandoned deal to make sure the target didn’t fall into the hands of a competitor. The global operator of the 7-Eleven franchise agreed to buy Marathon Petroleum Corp’s gas-station business, adding 3,900 Speedway ...