Tag: Bloomberg

(USA) Could Biden’s student loan freeze argue for bigger debt relief? (Shahien Nasiripour, Bloomberg, Al Jazeera)

Thanks to vagaries of the accounting world, Donald Trump’s administration had a chance in the final weeks of the presidential race to cancel more...

(Climate Change/Elon Musk) Green prize: Elon Musk to give $100m for carbon capture solution (Devon Pendleton, Bloomberg, Al Jazeera)

Extracting carbon dioxide from the air is seen as an increasingly viable way of reducing a key driver of climate change. https://www.aljazeera.com/economy/2021/1/22/bb-climate-prize-elon-musk-to-give-100m-for-carbon-capture-tech

(Saudi Arabia) Fourth time’s the charm? Saudi Arabia delays jobless data release (Bloomberg, Al Jazeera)

The kingdom said the four-time delay was needed to validate data collected from 33,000 households during the coronavirus pandemic. https://www.aljazeera.com/economy/2021/1/21/bbfourthtimesthe-charm-saudi-arabia-delays-jobless-data-release

(USA/China) Chinese telecoms firms seek review of US delisting move (Shirley Zhao, Bloomberg, Al Jazeera)

New York Stock Exchange had removed three China telecoms firms after former US President Trump’s executive order barring investments in military-linked companies. https://www.aljazeera.com/economy/2021/1/21/bb-chinese-telecoms-firms-seek-review-of-us-delisting-move

(Germany) German economy stalls, probably avoids double-dip recession (Carolynn Look, Bloomberg, Al Jazeera)

The German economy stagnated at the end of last year, probably avoiding a double-dip recession that is engulfing the euro area. https://www.aljazeera.com/economy/2021/1/14/bbgerman-economy-stalls-probably-avoids-double-dip-recession

(Oman) Budget deficit fix? Oman readies third bond sale in three months (Archana Narayanan and Netty Ismail, Bloomberg, Al Jazeera)

Oman is back in the debt market for the third time in less than three months, taking advantage of investors’ appetite for yield to...

(USA/China) US unveils plans to counter China’s rise in Asia (Bloomberg, Al Jazeera)

In a new document, the US says it wants to counter China’s ‘predatory economic practices’, ‘accelerate India’s rise’ and help Taiwan ensure its ‘freedom...

(USA) Parler: Amazon defends booting messaging app over violent content (Bloomberg, Al Jazeera)

Amazon suspended Parler after it was used by Trump supporters to organise storming of US Capitol last week. https://www.aljazeera.com/economy/2021/1/13/bb-parleramazondefendsbooting-messaging-app-over-violent-content

(Technology/Free Speech) No Parler? No problem, as more apps claim to allow ‘free speech’ (Bloomberg, Al Jazeera)

Big tech’s decision to ban the Parler app and block outgoing U.S. President Donald Trump is stoking support for alternative social networking sites and...

(USA) Goldman Sachs, Citigroup, JP Morgan to pause political donations (Bloomberg, Al Jazeera)

Goldman Sachs Group Inc., Citigroup Inc. and JPMorgan Chase & Co. plan to pause all political contributions, joining a growing list of companies changing...

USA/CHINA – Double U-turn? US exchange may yet delist China telecoms firms (Bloomberg, Al Jazeera)

The New York Stock Exchange is considering proceeding in delisting three major Chinese telecommunications firms after Treasury Secretary Steven Mnuchin criticized its shock decision...

INDIA – Torrent of foreign money threatens India’s tight grip on rupee (Subhadip Sircar and Anirban Nag, Al Jazeera, Bloomberg)

A relentless torrent of funds rushing into India’s markets may tip the central bank’s delicate balancing act in 2021. For most of this year, the...

USA/LATIN AMERICA – Biden Can’t Pick Up in Latin America Where Obama Left Off (Shannon K. O’Neil, Bloomberg, CFR)

U.S. President-elect Joe Biden delivers a pre-Thanksgiving speech at his transition headquarters in Wilmington, Delaware, U.S., November 25, 2020. REUTERS/Joshua Roberts With president-elect Joseph Biden so...