So orderly, so nit-picking, so German. This week, Germany’s constitutional court in Karlsruhe finally delivered its verdict on the European Central Bank’s (ECB) most prominent bond-buying program. Weighing in at 110 pages, this ruling was historic. For the first time, a national court in effect overruled the European Court of Justice in Luxembourg. Well spaced out because of the new ...

Asia has a new public emergency: breathing life into moribund economies. Months after severely curtailing social and commercial activity in a bid to contain Covid-19, governments are scrambling to reboot activity. They confront a coronavirus that isn’t out of business but economies that very nearly are. The policy priority is shifting from suppressing infections at almost any cost to combating ...

President Donald Trump is a liar — hardly the first but certainly the worst among US presidents. By one count, he has made about 18,000 false or misleading claims, an unmistakable sign of his willingness to deceive. His supporters do not seem especially bothered. They focus on what Trump does, not on whether he tells the truth. Which raises a ...

As America’s economic reopening fitfully proceeds, it is becoming clear that it will require a precious resource often in short supply: trust. Americans are about to see a new referendum on how strong is the glue that holds them together. Should you show up again for work? It depends how much you trust the pronouncements of your employer that the ...

Bloomberg US equity-index futures gained on Wednesday after President Donald Trump pushed again to reopen the economy, while stocks in Europe drifted amid mixed corporate earnings and more dismal economic data. The dollar steadied and Treasury yields edged higher. The Stoxx Europe 600 index struggled for direction after advancing the most in almost three weeks on Tuesday, with gains for ...

Bloomberg Indian stocks rebounded from their lowest level in almost two weeks as data showing record contraction in the nation’s services industry in April underlined the need for more support measures from the government. The S&P BSE Sensex jumped 0.9% to 31,728.72 as of 11:47 am in Mumbai, reversing losses of as much as 0.9%. The NSE Nifty 50 Index ...

Bloomberg Australian shares are slowly recovering from the March sell-off even as the global economic outlook gets gloomier with the fresh trade discord between the US and China. This week the stock benchmark Down Under is on track to record best gain in about a month. The prospects of the first recession in almost 30 years and little-to-no corporate earnings ...

Bloomberg UniCredit SpA reported its biggest loss in more than three years as provisions related to the coronavirus added to the pain of one off costs for job cuts and the writedown of its Turkish unit. The net loss totalled 2.71 billion euros ($2.94 billion), as loan-loss provisions climbed to 1.26 billion euros, the Milan-based bank said on Wednesday. About ...

Bloomberg Capitalworks Investment Partners Pty Ltd. plans to invest 5 billion rand ($270 million) of newly raised cash in mid-sized South African companies hit by a shrinking local economy and the coronavirus pandemic. The firm raised 25% more than planned for its Private Equity Fund III from Morgan Stanley’s Alternative Investments Partners (AIP) unit, institutional investors and wealthy families, Capitalworks ...

Bloomberg Credit Agricole SA is setting aside almost three times the amount it booked a year ago to cover souring loans because of the impact of the coronavirus, the latest lender to try and estimate the damage to its balance sheet from the outbreak. Provisions in the first three months of the year jumped to 621 million euros from 225 ...