What does 'cash is king' really mean?
Higher interest rates have made holding cash more attractive. But as the global bank turmoil shows, cash management is critical. Scarlet Fu explains what that means.
Protesters block access to Paris Airport
French workers angry with a rise in the pension age blocked access to a terminal at Paris' Roissy-Charles De Gaulle airport on Thursday as part of a nationwide day of protests, forcing some travell...
How China is supporting Russia's economy amid war
Embrace a friendship with Russia or play peacemaker on Ukraine? China's friendship with Russia is thriving, despite Xi Jinping's efforts to present himself as a mediator in the war. Lucia He and Ro...
Bank of England hikes key rate to 4.25%
The Bank of England raised interest rates to 4.25% Thursday in a 7-2 vote by the Monetary Policy Committee. Lizzy Burden reports on Bloomberg Television.
Nigeria's currency redesign causes cash shortage
Nigeria's informal economy is struggling because there is not enough cash. A redesign of the local currency, as well as a recall of old banknotes, is being blamed. Nearly half the population does n...
U.S interest rates hiked again
The United States Federal Reserve has announced its latest interest rate hike, a move aimed at lowering inflation by making borrowing more expensive for consumers. The increase of a quarter of a pe...
Sunak's Brexit deal clears Commons vote
The House of Commons voted 515-29 to back a key portion of The Windsor Framework, designed to resolve a trade dispute between the UK and Northern Ireland.
Powell's rate hike streak continues
Federal Reserve Chair Jay Powell raised interest rates again by a quarter percentage point to a range of 4.75% to 5%, the highest since September 2007. Here are the highlights from his press confer...
Macron doubles down on pension reform
French President Emmanuel Macron said he is working on ways to force companies carrying out share buybacks to distribute more of their profits to workers, as he seeks to defuse the anger of protest...
'No regrets': Macron defiance amid protests
Emmanuel Macron has defended his Government's decision to force the controversial pension reforms through Parliament during a rare national television address, designed to quell the violent protes...
Luxembourg free public transport experiment
The 640,000 or so citizens of Luxembourg have been enjoying free public transport for three years and, unsurprisingly, they quite like it.
Lebanon replaces banking system with cash economy
Lebanon’s economic collapse has devastated its banking sector and turned the nation into a cash-based economy. That has been depriving a nearly bankrupt government from billions of dollars in reven...
U.S bank failures 'very different' from 2008
Stocks on Wall Street have climbed after the rescue of Credit Suisse calmed nerves about a larger banking crisis. The United States treasury secretary, Janet Yellen, says the local financial sector...
Macron refuses to back down despite protests
Workers across France have vowed to continue protesting as President Emmanuel Macron shows no sign of backing down over controversial pension reforms.
Protestors rally as Macron survives no-confidence vote
Protesters are trying to pressure lawmakers to bring down the government and doom the unpopular retirement age increase President Macronis trying to impose without a vote in the National Assembly.
IMF approves bailout for Sri Lanka
The International Monetary Fund said Tuesday it is assessing Sri Lanka’s governance in the first case of an Asian country facing scrutiny for corruption as part of a bailout program.
U.S. may extend FDIC coverage to all deposits
U.S. officials are said to be studying ways that might temporarily expand FDIC coverage to all deposits. Sridhar Natarajan has more on "Bloomberg Surveillance."
U.S. existing-home sales rise to three-year high
U.S. sales of previously owned homes rose in February by the most since mid-2020. Guy Johnson and Alix Steel react to the numbers on "Bloomberg Markets."
Credit Suisse bankers rush to find other jobs
Headhunters have been inundated with calls from Credit Suisse bankers after UBS's takeover, a glaring sign that the banking employment market is under stress. Annabelle Droulers reports.
Janet Yellen assures U.S. banking system is sound
Treasury Secretary Janet Yellen says the US government is "resolutely committed" to mitigating financial-stability risks where necessary at the American Bankers Association conference in Washington...
Global central banks band together to prevent crisis
Global central banks have banded together to reassure world markets and prevent the spread of the banking crisis that started with the collapse of two regional U.S. banks earlier this month from sp...
When will the banking crisis end?
Gillian Tett, US Managing Editor of the Financial Times, talks about why Wall Street was caught off guard by this latest banking crisis. She speaks with David Westin on "Wall Street Week Daily."
Euro-Area Banks Secure: Lagarde
ECB President Christine Lagarde tells lawmakers in the European Parliament that the financial impact of recent bank stresses remains to be seen.
Report shows more Americans can't afford their bills
According to the Census Bureau's Household Pulse survey, 36 percent of consumers say they have had trouble paying their bills in just the past week. Two key reasons include inflation and the loss o...
What to expect from this week's Fed meeting
Bloomberg's Annmarie Hordern speaks with Bloomberg's Fed reporter, Kate Davidson, about what to expect from the Federal Reserve's March policy meeting this week. This will be the first rate decisio...
UBS to acquire rival bank Credit Suisse
Switzerland’s government has fast-tracked approval for the country’s largest bank, UBS, to take over its ailing rival Credit Suisse to prevent a banking crisis. Experts say it’s a reflection of tou...
How Silicon Valley Bank Led to UBS Buying Credit Suisse
Silicon Valley Bank's demise shouldn't have had any meaningful impact on Credit Suisse. And yet the run on the Californian lender set off a chain of events that resulted in the Zurich-based bank's ...
Banking Crisis Impact on US Manufacturing
Dave Gitlin, Carrier CEO, dives into how he believes inflation can be managed and how the banking crisis impacts US manufacturing.
The 2008 financial crisis all over again?
Zanny Beddoes, Editor-in-Chief for The Economist, brings us back to the great financial crisis in 2008 and explains how we can learn from the past.