Work to dislodge the massive Ever Given container vessel blocking the Suez Canal will take until at least Wednesday next week, according to people familiar with the rescue efforts.
Posts published in “Business”
There’s no shortage of ethereal matters for reflection as we embark on a holy week.
The Suez Canal, which cuts through Egypt to connect the Mediterranean and Red seas, is so important to world trade that world powers have fought over it since it was completed in 1869. That strategic shipping lane was completely blocked on March 23, when the …
Bargain hunters may want to think twice before piling into China’s beaten-down technology stocks.
Topline Coronavirus cases are once again on the rise in the U.S., according to Johns Hopkins University, with more cases added Wednesday than any day in over a month as declines in hospitalizations and deaths grind to a halt. Key Facts The U.S. added 86,903 new Covid-19 cases Wednesday—the highest in a single day since…
Topline The U.S. Supreme Court considered Wednesday whether it’s permissible under the Fourth Amendment for police officers to enter people’s homes without a warrant in limited circumstances under a “community caretaking” exception, which the Biden administration has backed but has provoked objections from civil rights groups. Key Facts The Supreme Court heard arguments Wednesday in…
Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.
Bitcoin extended a drop amid a wider retreat in assets that had earlier ridden a wave of stimulus-infused optimism among retail traders.
A back-of-the-envelope calculation shows there’s about $9.6 billion worth of daily marine traffic halted by the massive container vessel that lodged in the Suez Canal earlier this week, blocking transit in both directions.
Dan Fineman, co-head of APAC equity strategy, securities research at Credit Suisse Group AG, discusses his outlook for Asian markets, valuations in China and where he’s finding opportunity. He speaks exclusively to Sophie Kamaruddin on “Bloomberg Markets: Chi…