After eight difficult years doing whatever it took to support Europe’s economies, Mario Draghi is about to step down as the president of the European Central Bank (ECB). In taking up this challenge, his successor, Christine Lagarde, faces the same underlying problem: The currency union at the center of the European project is unfinished work. From the beginning, the euro ...

Much of the commentary about Michael Kremer, named as one of three winners of the Nobel Memorial Prize in Economic Sciences, has justifiably celebrated his pioneering work in studying poverty — even now, many of us believe, the planet’s greatest moral challenge. But an important 2011 Kremer paper, overlooked in the celebration, helps to shed light on another great challenge ...

Starting next year, Singapore will treat packaged sugary drinks such as Coca-Cola the way that other countries treat cigarettes. Advertisements will be banned, and a label attesting to a beverage’s unhealthiness will be mandatory. The goal is to reduce the high rate of sugar consumption and associated health problems — such as diabetes and heart disease — that are now ...

British Conservatives, from the time of Margaret Thatcher, have long admired Singapore’s economic success. Low tax rates, minimal regulation and hyper-modern infrastructure are a magnet for foreign direct investment and keep government coffers overflowing. Could that be Britain after Brexit? The idea titillates Tories and terrifies European Union leaders. But such fears say more about the EU’s own vulnerabilities than ...

Bloomberg A federal judge in Chicago signalled he may let dozens of lawsuits against Boeing Co over the crash of a Lion Air plane be resolved in Indonesia. US District Judge Thomas Durkin said during a status hearing that US Supreme Court and appellate court rulings appear to support the idea of a venue change. “The law is pretty favourable ...

Bloomberg The Italian government is readying 350 million euros ($390 million) in bridge financing for bankrupt airline Alitalia SpA, seeking to keep the carrier flying as it scrambles to find bidders for a last-ditch rescue. The financing, due to cover six months of operations, was finalised in a cabinet decree document seen by Bloomberg. The companies leading the bid to ...

Bloomberg Gulfstream is signalling that it will reveal a new aircraft design on October 21 at a private-jet conference in Las Vegas. “History is made by those who dare,” Gulfstream said in an invitation to the event. “Please join us for the biggest announcement in business aviation.” The corporate-jet unit of General Dynamics Corp is touting the event less than ...

Bloomberg Online mattress retailer Casper Sleep Inc is working with Morgan Stanley and Goldman Sachs Group Inc on a US initial public offering, according to people with knowledge of the matter. The New York-based company could go public as soon as this year or the first half of 2020, said the people, who asked not to be identified because the ...

Bloomberg Danone, already struggling with falling yogurt sales as consumers shift to vegan alternatives, is getting hit by a decline in its bottled-water business. Shares of the owner of Evian water headed towards their biggest fall in more than a decade after it lowered its annual sales outlook. The cut deals a blow to Chief Executive Officer Emmanuel Faber’s turnaround ...

Bloomberg Spirit Airlines Inc will build a new South Florida headquarters that will cost $250 million over three years. The new office campus of as much as 500,000 square feet will consolidate more than 1,200 employees, Spirit said in a statement. The project is scheduled to open in 2022 in Dania Beach, Florida, just south of the carrier’s largest operational ...