Bloomberg The World Bank has committed $12 billion to African countries to support vaccination programs across a continent that hasn’t been able to keep pace with developed nations’ rollouts. The World Bank money will be in the form of grants or on “highly concessional terms,” said David Malpass, president of the World Bank, in a statement following a virtual meeting …

Bloomberg American oil executives began a pushback against some of President Joe Biden’s climate policies by making the case that fossil fuels from US shale have a lower carbon footprint than imports. Since taking office this month, the Biden administration has made swift moves to pause sales of oil and gas leases on federal land, cancel the Keystone XL pipeline …

Bloomberg Asian and European investors are pouring money into dollar corporate bonds, which have grown more enticing as longer-term US yields have risen and hedging costs have fallen. A European investor can earn about 1.03% on an average US high-grade corporate bond after hedging, or around 0.8 percentage point above euro-denominated counterparts, according to data compiled by Bloomberg. That’s one …