The Texas freeze that led to quite a few blackouts has made the state painfully conscious of the shortcomings of its energy grid, however the actual drawback is way bigger, and goes manner past Texas. ...

The US Home of Representatives has narrowly handed the huge $ 1.9 trillion coronavirus reduction invoice. The package deal is now headed to the Senate, the place the invoice is predicted to be stripped of its minimal wage hike provision. ...

The Covid-19 pandemic has added $ 24 trillion to the worldwide debt mountain over the past 12 months, the Institute of Worldwide Finance (IIF) mentioned. Authorities spending has accounted for about half of the rise. ...

The most well-liked cryptocurrency, bitcoin, has been breaking its personal data on nearly a each day foundation this week, in a seemingly unstoppable rally that pushed its market valuation near $ 1 trillion. ...

The world’s largest cryptocurrency, bitcoin, crossed $ 900 billion in market valuation on Friday for the primary time in historical past, because the digital asset’s worth hit new report highs. ...

The Indian authorities’s efforts to denationalise state-owned corporations present a “nice alternative” for the nation to turn out to be a $ 5 trillion economic system, a high Indian enterprise chief advised CNBC. ...

One yr after the divorce with the EU, Britain introduced plans to hitch one of many world’s largest free commerce agreements. Generally known as the CPTPP, the deal contains 11 developed and rising economies across the Pacific Rim. ...

The financial influence of Covid-19 on common folks throughout the globe is as devastating because the bodily toll it has taken, however we will’t simply blame the tremendous wealthy(er) for our woes – the true villains are a lot nearer to residence. ...

The world’s urge for food for borrowing is rising with international debt anticipated to succeed in the subsequent milestone of $ 200 trillion as early as this yr, in response to rankings company S&P International. ...

Brussels’ plot to withhold price range and restoration funds from international locations it deems as not enjoying by the foundations has blown up in its face because the Hungarian PM vetoes schemes, placing EU initiatives doubtful and economies on the brink. ...