Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
Africa is quickly becoming one of the business world's most supercharged areas, with a burgeoning startup scene, expansive infrastructure projects, and capital pouring in from across the world. In this series, Quicktake Originals takes an in-depth look at the domestic and international projects that are shaping modern Africa, and their implications for the global economy.
Musk Adds to Goldman Sachs’ Commercial Loan Troubles, FT Says
EM Restructuring Bills Deferred to 2024 as NY Lawmakers Break
Fed Is First to Reach Crucial Junction in Global Inflation Fight
Charting the Global Economy: Weak Trade Shows China Struggling
Fitch Cuts Tunisia Deeper Into Junk as IMF Deal Seen Delayed
Ukraine Warns of Toxic Black Sea ‘Garbage Dump’ From Dam Debris
JetBlue, American Offer to Rework Alliance After Legal Setback
Stock Rally That Keeps Going Could Be ‘Dangerous’ Right Now: Q&A
GameStop Needs Ryan Cohen More Than Ever to Maintain Meme Status
OpenAI’s CEO Calls on China to Help Shape AI Safety Guidelines
Sierra Leone’s Bio Hopes African Mission Can End Ukraine War
US Acknowledges China Has Spy Base in Cuba, Expanded It in 2019
Why Billionaires Are Circling Debt-Laden French Grocer Casino
US Housing Market Is Missing 320,000 Affordable Homes
The Bank That Seized the Telegraph From Britain's Barclay Family
‘Le Monster’ Takes on Le Mans in Nascar Takeover of Iconic Race
Boris Johnson, the Once and Perhaps Future Tory King
Messi to Miami? It’s Not as Crazy as It Looks
New York’s Big Smoke Should Give Stovetop Warriors Pause
The Netflix Effect Chills Foreign Content Creators
Payrolls, Prices, Productivity and Profits Hold the Answer to the Puzzling US Economy
Will Argentina Ditch the Peso for the Dollar?
Sunak Urged to Publish UK Report on Abuse of LGBTQ Soldiers
Dimon Sought for Fresh Deposition in JPMorgan Epstein Suit
Smoky Air Returning to NYC, US Northeast After a Brief Reprieve
A Sherbet-Colored Experiment in Cohousing Outside of Boston
NYC Pays Over $300 a Night for Budget Hotel Rooms for Migrants
Connecticut May Ban Collection Tactic Used in Cash-Advance Loans
Nigeria’s SEC Says Binance Operations in Country Are ‘Illegal’
Turkish Investors Looking for Haven Turn to Stablecoin Tether
Robinhood Removes 3 Crypto Tokens Following Regulatory Crackdown
Shoppers walk past to closed stores at a mall, in Moscow, April. 19.
Photographer: Konstantin Zavrazhin/Getty Images
Russia faces a very deep and prolonged economic contraction along with higher inflation and reduced living standards, as sanctions imposed by the U.S. and its allies over the invasion of Ukraine sap it of vital products and technology, according to economists at the central bank.
In the most detailed public statement on the outlook since the war started, the Bank of Russia’s Research Department warned in a report that “the depth of the contraction may be quite significant and exit trajectory drawn out in time” because the supply shocks triggered by sanctions are unlikely to fade quickly.