Eventually the lockdowns will ease and public life will become somewhat safer, even though a vaccine will still be a ways off. At that point a species that has been in hibernation will begin to emerge: namely, the tourist. I have visited about 100 countries over the past few decades, and when this outbreak subsides I am looking forward to ...

Barclays Plc’s traders are helping Chief Executive Officer Jes Staley just when he needs them most. Buttressed by a surge in revenue that dwarfed even its bigger Wall Street peers, Barclays was able to take a big charge for the inevitable buildup of bad loans during the worst economic contraction in living memory, and still post a decent profit. Staley’s ...

The Federal Reserve has done much to support markets, stabilise financial conditions and backstop key areas of the US debt and credit markets. But challenges remain. One big one is to get its Main Street Lending Program up and working well. As the Fed describes it, this program “is intended to facilitate lending to small and medium sized businesses” by ...