The global financial elite gathering in Davos, Switzerland, this week warned of the dangers stemming from the looming US federal debt-limit fight, a potential crisis that overshadowed any cheer from a reopening of China’s economy and diminishing recession risks in Europe.
Former US Treasury Secretary Lawrence Summers said he’s more optimistic about the US economy and its ability to dodge a recession than just a few months ago, although he warned the Federal Reserve still faces a tricky task.
The most severe power cuts ever experienced in South Africa are threatening food and water supplies and disrupting the lives of millions of people, including chicken farmers.
Moderna Inc.’s vaccine against RSV was highly effective in preventing the lung disease in older people, paving the way for the company to seek its first approval outside Covid-19.
Johnson & Johnson halted a big trial of its experimental HIV vaccine in the Americas and Europe, a disappointment for hopes of battling the global infectious disease after a similar form of the shot failed earlier in a study in Africa.
Party City Holdco Inc. is seeking bankruptcy protection, a final blow for the retailer that struggled to rebound after sales plummeted during the pandemic.
Everyone knows that past performance doesn’t predict future results. That’s turning out to be a good thing for one of the most popular investment strategies.
The asset management industry risks being wrong-footed by a wave of regulations designed to protect biodiversity, according to an analysis by Jefferies International Ltd.
US producer prices dropped in December by the most since the start of the pandemic, extending a months-long pullback in inflationary pressures and giving the Federal Reserve room to slow the pace of interest-rate hikes.
Brussels is coming under pressure from European business to respond to the US’s multi-billion dollar clean energy subsidy plan or risk losing investment and falling behind in the green energy revolution.
