Tycoon Uy’s empire open to sale of crown jewels to pay debt
Philippine tycoon Dennis A. Uy’s conglomerate is open to parting ways with its crown jewels as part of an asset-sale plan to pay down...
Quiet Quitters are looking in the wrong place for meaningful work
By Allison Schrager
IF YOU EXPECT your job to give your life meaning, you’re setting yourself up for failure. There was a time when a job was just an economic transaction: Someone paid you for your labor and that enabled you to live and support your family.
Kashkari says ‘very clear’ Fed needs to tighten monetary policy further
FEDERAL RESERVE Bank of Minneapolis President Neel Kashkari said US inflation is very high and the central bank must act to bring it back under control.
Korea shatters its own record for world’s lowest fertility rate
SOUTH KOREA has once again shattered its own record for the world’s lowest fertility rate as it faces the prospect of its population of 51 million people more than halving by the end of this century.
The COVID-19 financial crisis that wasn’t
By Adam Kulam and Lily Engbith
THE SUDDEN REALIZATION in mid-March 2020 that COVID-19 was going to be a once-in-a-century pandemic created the kind of disruption that financial crises are made of.
Singaporean bargain hunters jam roads after currency boost
SINGAPORE’s surging currency is contributing to massive traffic jams on the road to Malaysia.
Europe’s drought could have a long afterlife
By Stephen Mihm
EUROPE has been burning. As a brutal drought and record-breaking heat gripped the continent this summer, crops withered and forest fires raged. Thunderstorms have...
Saudi Arabia’s EV battery bets are a warning
By Anjani Trivedi
THE WORLD’s oil capital wants to go electric and get clean. To do so, it’s getting its hands on minerals critical for batteries and taking a stake in the electric vehicle-supply chain. That should put countries and companies prone to announcing ambitious plans but then doing little to make them a reality on high alert.
Philippines plans $3-4 billion foreign bond sales this year
THE PHILIPPINES plans to raise a further $3 billion to $4 billion from foreign bond sales this year, according to a person familiar with the matter.
The world’s cotton supply keeps shrinking, hit by drought, heat
EXTREME weather is wreaking havoc upon virtually all of the world’s largest cotton suppliers.Â
Coronavirus’ harmful effects on the brain reverberate years later
COVID-19 survivors remain at higher risk of psychotic disorders, dementia and similar conditions for at least two years, according to a large study that highlights the mounting burden of chronic illness left in the pandemic’s wake.
From the Rhine to the Tigris, rivers are warnings
By Andreas Kluth
YOU CAN’T STEP into the same river twice, the philosopher Heraclitus said in a different context. If he were alive in the era of anthropogenic climate change, he might add that you may no longer even have that river to step into. And even if you do, you might not want to, because its fluids could scorch the skin off your feet.