Bloomberg Singapore’s leaders need strong backing from voters to weather uncertain times, Prime Minister Lee Hsien Loong said as he called on members of the ruling party to prepare for a “tough fight” at the next general election. Speaking at the People’s Action Party (PAP) convention, Lee pointed to some economies around the world where public faith in governments has ...

Germany’s dismal coalition politics may help unlock progress in talks on the European banking union. Finance Minister Olaf Scholz’s apparent mandate to negotiate a common deposit reinsurance scheme for Europe could help him win the leadership of the Social Democratic Party (SPD) and keep the shaky government, in which the SPD is the junior partner, going for another two years. ...

Federal Reserve Chairman Jerome Powell virtually promised last week to hold off on raising interest rates until faster inflation is not just a forecast, but a reality. With this dovish assurance, the Fed becomes less of a threat to the economic outlook – assuming he is able to keep that promise. With the Fed looking to stop cutting rates, the ...

In what universe can a tiring, $8.8 billion maker of photocopiers even think about acquiring a $27 billion, moderately sexier maker of printers and PCs? This one, apparently. Xerox Holdings Corp. is contemplating a cash-and-stock bid for HP Inc., the Wall Street Journal reported. While the size of the discrepancy in market values makes a deal seem hard to digest, ...

In the midst of otherwise depressing developments in the progress of climate change, one bit of good news shines through: The economics of renewable energy have been improving fast — especially those of onshore wind and utility-scale solar power. A new analysis of the levelized cost of energy from Lazard, the company I work for, shows that over the past ...

Dana Deasy, it’s fair to say, has a sterling reputation as a chief information officer. He first took on that role in 2003 at the age of 44, when he became the CIO of Tyco International Ltd. He has also been the CIO at BP PLC, GM North America, and JPMorgan Chase & Co., where he managed 40,000 technologists before ...

For the past decade, politicians in the rich world have relied too much on central banks to solve their problems of weak growth and high unemployment. They may be about to do the same with climate change. Central bankers have started to make their voices heard on the threat of carbon emissions. From worries about how financial institutions might withstand ...

You’ve got to feel for Mark Liu. The chairman of Taiwan Semiconductor Manufacturing Co. (TSMC) just wants to make chips. And he does; the best chips for the best companies in the world. Unfortunately, one of his clients is Huawei Technologies Co. So it’s not surprising that the world’s largest contract chipmaker has found itself in something of a pickle. ...

Bloomberg Southwest Airlines Co and American Airlines Group Inc said they will remove the 737 Max from their flight schedules through early March — almost a year since Boeing Co’s best-selling jet was grounded worldwide after two deadly crashes. The plan to pull the plane from Southwest’s schedule through March 6 is due to “continued uncertainty around the timing of ...

Bloomberg British Airways parent IAG SA will almost halve its planned expansion, reducing expected earnings growth, as it responds to slowing economies and a glut of seats that’s depressed prices. IAG, which also owns Spain’s Iberia, Aer Lingus of Ireland and discount operators Vueling and Level, will now increase capacity by 3.4% a year in the 2020-2022 period, it said. ...