ECOTOP
- ECONOMY
Jokowi Doubles Indonesia’s Wealth Fund Goal to $200 Billion
(Bloomberg) — President Joko Widodo has set a $200 billion goal for Indonesia’s new wealth fund in the next two…
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California Sees Spring Awakening After Over a Year in Lockdown
(Bloomberg) — California, the first state to impose severe lockdown restrictions as the pandemic raged a year ago, is finally…
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The Fed Is Making Wall Street Forecasters Pay Attention to Black Unemployment
(Bloomberg) — To get an idea of what Jerome Powell’s Federal Reserve will do next, Wall Street economists are having…
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IMF Warns World Economy Is at Risk of Being Scarred by Virus
(Bloomberg) — The International Monetary Fund warned the world economy is at risk of being scarred by the pandemic and…
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Mexico’s AMLO Uses Energy Nationalism Card Ahead of Key Vote
(Bloomberg) — Andres Manuel Lopez Obrador is doubling down on a promise that helped launch him to Mexico’s highest office…
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Progress Made in Moving Ship, More Vessels Diverted: Suez Update
(Bloomberg) — A new attempt could be made Sunday to re-float the 400-meter-long container ship blocking the Suez Canal after…
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Pandemic Shopping Habits Are Giving Inflation Experts a Headache
(Bloomberg) — Financial markets are obsessed with where inflation is headed. Statisticians are struggling to figure out where it’s at.…
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The U.S. Unemployment System Is Plagued by $63 Billion in Fraud and Dysfunction
(Bloomberg Businessweek) — President Biden’s $1.9 trillion economic stimulus package will send billions of dollars to America’s jobless. It’s also…
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At the Heart of the New Economics Lies a Centuries-Old Mystery
(Bloomberg) — Stripped down to basics, the new consensus in economics goes like this: It’s fine for governments to borrow…
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Combat Drones Made in China Are Coming to a Conflict Near You
(Bloomberg Businessweek) — A dozen years into its fight with the Islamic insurgent group Boko Haram, Nigeria is getting some…
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Americans Have $1.7 Trillion to Burn in Revenge-Spending Binge
(Bloomberg) — Shoppers are out for vengeance. A year into a pandemic that’s devastated lives, jobs and the economy, those who…
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Brazil Pushed Toward Tighter Money After Letting Virus Run Loose
(Bloomberg) — Brazil spent more money shielding its economy from the pandemic slump than almost any other emerging nation, and…
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Russia’s Getting Left Behind in Global Dash for Clean Energy
(Bloomberg) — As the man in charge of developing Russia’s vast Arctic north, Aleksey Chekunkov faces more climate-related challenges than most,…
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Republicans Test Inflation as a Stick to Beat Biden Stimulus
(Bloomberg) — Republicans are invoking the threat of inflation to attack President Joe Biden’s spending plans, after he won approval…
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Fed’s Keeper of Secret Teal Book Lifts Veil on New Forecast Era
(Bloomberg) — Stacey Tevlin is the most important person in U.S. economics that you have probably never heard of. She…
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Republicans Try Out Inflation as a Stick to Beat Biden Stimulus
(Bloomberg) — Republicans are invoking the threat of inflation to attack President Joe Biden’s spending plans, after he won approval…
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Back to Work: What Recovery Felt Like for Millions of Americans
(Bloomberg) — It’s been a year since Covid-19 triggered the steepest economic collapse in modern U.S. history, with more than…
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U.K.’s Go-Big Budget Masks Spending Cuts Seen as Austerity 2.0
(Bloomberg) — Prime Minister Boris Johnson’s government is being accused of dropping its pledge to end austerity after cutting a…
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South Korea and Taiwan’s Chip Power Rattles the U.S. and China
(Bloomberg Businessweek) — There’s nothing like a supply shock to illuminate the tectonic shifts in an industry, laying bare the…
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Australia’s Inward Turn Earns a Faster Rebound Than Expected
(Bloomberg Businessweek) — A year of border closures is making Australia rethink its embrace of globalization. Before Covid, the country’s…
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U.S. Economy’s Revival Pivots on People Returning to Yoga, Bars
(Bloomberg) — Wall Street’s most bullish economic forecasts hang on a simple prediction: everybody will flood back soon to their…
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Bond Rout Shows Risk of Uneven Recovery in World’s Top Economies
(Bloomberg) — The U.S. economy appears primed to recover from the Covid-19 slump much faster than others, causing havoc on…
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U.S. Companies Start to Flex Pricing Power in First Test for Fed
(Bloomberg) — U.S. consumer prices are headed higher -– at least according to the people who set them. Corporate leaders…
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Biden Team Pressing Taiwan, Allies on Auto Chip Shortfall
(Bloomberg) — President Joe Biden’s top economic adviser, Brian Deese, has sought the Taiwanese government’s help resolving a global semiconductor…
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Women on Average Have Just 76% of Men’s Legal Rights Worldwide
(Bloomberg) — The World Bank warned that the pandemic is reinforcing gender inequality in many countries, with women on average…
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