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Bloomberg Poland should provide fiscal stimulus to aid the virus-hit economy before the central bank considers cutting borrowing costs that are already at a record low, Monetary Policy Council member Grazyna Ancyparowicz said. “It’s high time for fiscal policy to play first fiddle,” Ancyparowicz said in an interview. “Our monetary policy has already been near its limit and absolutely nothing ...

Bloomberg Malaysia’s former leader Mahathir Mohamad warned that the opposition coalition may lack the support needed to remove the current government, while criticising his long-time rival Anwar Ibrahim for the collapse of his administration. The Pakatan Harapan alliance, which was ousted from power last month, now had the backing of about 108 lawmakers, from 114 the morning before Prime Minister ...

Bloomberg Expanding testing for the Covid-19 virus in the US will result in a “spike in the curve” over the next week as more cases are uncovered, a top White House aide said. “For those of you who watched China, and China reporting, remember when they changed their definition and all of a sudden there was a blip in their ...

Bloomberg Brazilian President Jair Bolsonaro applauded a series of pro-government, anti-Congress protests around the country, three days after suggesting they would be canceled due the risk of coronavirus spread. Bolsonaro joined a demonstration in Brasilia. In a live broadcast on social media, he distributed more than a dozen fist bumps to supporters outside of the presidential palace, protected behind two ...

Bloomberg Philippines President Rodrigo Duterte on Monday widened a month-long lockdown in the capital region to cover the entire Luzon island to prevent an outbreak of the new coronavirus, his spokesman said. An “enhanced community quarantine” of the island with a population of more than 57 million people will be implemented immediately, his spokesman Salvador Panelo said in a short ...

Bloomberg In their first one-on-one debate, Joe Biden and Bernie Sanders framed their responses to the coronavirus outbreak they way they’ve crafted their campaigns from the beginning — one the steady hand of experience, the other a revolutionary wanting to reshape the country. They sparred on ideological lines over how the government should contain the outbreak. Sanders called for an ...

“The only thing we have to fear is fear itself.” —Franklin D. Roosevelt’s first inaugural address, March 4, 1933 When Roosevelt uttered these famous words, the nation was grappling with more than fear. For all intents and purposes, the economy had shut down. Roughly a quarter of the labour force was out of work. Thousands of the nation’s banks were ...

I’m not prone to making directive calls in columns like this one or to using capital letters in my social media posts. Rather than telling people what to think, I strongly prefer to try to help them reach their own conclusions by providing analysis and insights. In the last few weeks, however, I’ve made two notable exceptions: in repeatedly urging ...

Oil majors and big miners have been falling over themselves to promise better behaviour when it comes to greenhouse gases. A significant number now say they are targeting zero emissions. Unfortunately, not everyone agrees on exactly what that means. It leaves investors clear on good intentions, but far less so on how to price transition risk, compare strategies and judge ...

There are still many states left to vote in the 2020 Democratic primary election, but the outcome now looks all but certain. Following a series of catastrophic losses in states such as Michigan and Missouri, and facing big deficits in the polls in coming states, Bernie Sanders’s presidential campaign has very little chance of victory. Sanders’s so-called political revolution, centred ...