Covid-19 is make or break for the euro. The only way the European Central Bank (ECB) can convince markets that it will do whatever it takes to save the single currency in the current crisis is to abandon the self-imposed political constraints on the assets it can buy under its Quantitative Easing (QE) programme. These encompass the so-called “issue limits,” ...

When something is in short supply, getting it can depend on who you know. That’s true of the coronavirus test, with an added twist. A striking number of rich and famous people, from basketball star Kevin Durant to Senator Rand Paul, have tested positive for Covid-19 without showing symptoms of the disease, let alone being hospitalised. That’s led to charges ...

In a matter of weeks, the world’s fourth-most populous nation went from reporting zero coronavirus cases to having the highest death toll in Southeast Asia. Now its currency is tumbling, growth forecasts are buckling, the capital is under a state of emergency, and an archipelago of 18,000 islands has effectively sealed its borders. With a global recession in the cards, ...