Classic Layout

HK protests disrupt airport transport

Bloomberg Hong Kong protesters caused major disruptions to the city’s international airport on Sunday, massing outside the building in attempt to paralyse transport to and from the facility. MTR Corp, operator of the city’s rail system, cancelled express trains to the airport, while demonstrators blocked buses from leaving the airport terminal. Protesters vandalised turnstiles at some of stations and sprayed ...

Read More »

Anti-Putin opposition holds peaceful protest in Moscow

Bloomberg Hundreds of Russians marched through the streets of Moscow in what appeared to be the most peaceful unauthorised rally in a summer of demonstrations against President Vladimir Putin. The Interior ministry, which usually understates the scope of protest activities, put the number of march participants at 750 people, according to Interfax. No detentions were reported, but there was a ...

Read More »

Germany seeks Poland forgiveness 80 years after WWII start

Bloomberg Germany made an emotional appeal for forgiveness to neighbouring Poland 80 years after the start of World War II that was met by a renewed demand for reparations by the fellow European Union member’s prime minister. German President Frank-Walter Steinmeier, visiting the town of Wielun, Poland, where Nazi bombers caused the first large-scale civilian casualties of the conflict in ...

Read More »

Have we really lost our economic dynamism?

On this Labour Day, the American economy — the source of jobs for almost all of us — is full of promise and peril. It is hard not to be impressed with its job-creation capacity. Since the low point of the 2007-09 Great Recession, payroll employment has increased by 21.7 million jobs, with strong growth under both President Obama and ...

Read More »

Sweden should issue green bonds

Sweden is considering selling 100-year bonds to take advantage of the unprecedented decline in global yields. With almost half of the nation’s debt already owned by the central bank, though, there’s skepticism about how much demand the debt office can drum up in what is an already illiquid market. So the country should accelerate plans to issue its first green ...

Read More »

Sony’s Olympus sale is boon for activist investors in Japan

Dan Loeb’s team is unlikely to be celebrating over Sony’s decision to sell its stake in Olympus Corp. Investors in Japan have reason to put a few crates of bubbly on ice, though. The sale was a mere side note on the laundry list of changes that Loeb’s Third Point LLC asked for at Sony, in an eight-page letter published ...

Read More »

What if there was a trade war truce?

Even a trade truce could have its losers. The economic conflict between the US and China has been jarring, no doubt – decades-old commercial relationships have been torn up, supply chains are getting upended, global growth is slowing, and investors and businesses are rattled. On days when the standoff seems endless, you might find yourself asking: Can’t we just go ...

Read More »

Asian nations should fix its megacities, not move them

Asia’s biggest cities, from Shanghai to Dhaka, are struggling to manage the impact of decades of growth. Some are sinking. Most are traffic-choked. And almost all struggle with chronic air pollution. Worst of all, coastal cities face the threat of being inundated by rising seas. Indonesia’s capital Jakarta suffers these urban ills more acutely than most, which is why President ...

Read More »

Africa’s Sahel region needs world’s help

Strong and sustained global growth has enabled living standards throughout most of the world to converge on an upward course. Even throughout Africa, the world’s poorest continent, there have been drastic improvements in health, education and governance. Countries such as Ethiopia and Tanzania are seeing the start of industrialisation. Yet a few parts of the world remain mired in desperate ...

Read More »

The elderly in the US aren’t so poor after all

It was probably inevitable that we would have a “retirement crisis” as hordes of baby boomers (people born between 1946 and 1964) sprint and stumble into their “golden years.” But it’s a fake crisis, even though it’s already becoming a staple of journalism and politics. It presumes that most Americans can’t afford to retire comfortably. Not so. It’s important to ...

Read More »
Send this to a friend