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.
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Travelers walk through the transit area at Changi Airport in Singapore.
Singaporeans are flocking to apply for passports after travel restrictions eased, unlocking pent-up wanderlust after two years of Covid-19 restrictions.
The number of passport applications has spiked to more than 7,000 a day, peaking at 14,000, according to the Immigration & Checkpoints Authority, which described the surge as “overwhelming.” That compares with about 2,000 a day before the pandemic, the ICA said. The average wait for processing now is at least six weeks from the application time, it said.