Storming Bastions, Japanese Stimulus, WEF to Singapore: Eco Day

In this article

Welcome to Tuesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • In the slow march toward equality over who wields global economic power, 2020 has seen more progress for womenstorming bastions of male dominance. That number is set to rise in 2021 with Janet Yellen poised to become the first woman to serve as U.S. Treasury Secretary and Canada having appointed its first female finance minister
  • Japan unveiled details of a$700 billion stimulus package — the first under Prime Minister Yoshihide Suga — amid an increase in virus cases and a slide in support for the government
  • U.K. Prime Minister Boris Johnson will head to Brussels forurgent talks with European Commission President Ursula von der Leyen amid growing fears that Brexit trade talks will fail
  • The U.K.’s National Health Service will launch what it said will be thebiggest immunization campaign in its history when it starts Covid vaccinations across the country on Tuesday
  • The World Economic Forum will hold its2021 annual meeting in Singapore instead of its traditional home of Switzerland
  • China isbucking the global trend of greater economic stimulus amid the coronavirus, preferring to focus on controlling its record debt burden
  • With Republican and Democratic negotiators struggling to reach an agreement on both a mammoth government spending bill and Covid-19 relief, lawmakers areset to postpone a Friday night deadline
  • South Korea and Japan look set to bethe biggest winners in the Asian oil and chemicals marketplace as the world’s largest regional free-trade agreement paves the way for gradual tariff cuts
  • There aren’t many contexts where$2 trillion seems like a paltry sum — then a pandemic comes along. The economic fallout from Covid-19 has left insurers issuing existential warnings and businesses discovering they weren’t covered
  • Australia’s prime minister has new powers to veto or scrap agreements state governments reach with foreign powers, under laws that could stymie China’s Belt and Road Initiative locally andinflame tensions between the trading partners

Source: Read Full Article