Immunotherapy company Biopharmaceutical New Technologies or BioNTech SE (BNTX) announced Wednesday a profit for the fourth quarter compared to a loss last year, driven by the continued global delivery of its COVID-19 vaccine. The company also reiterated its COVID-19 vaccine revenue guidance for the full-year 2022. In Wednesday’s pre-market trading, BNTX was trading at $181.84, up $9.45 or 5.36 percent. […]

The Biden administration has asked Congress for a larger defense budget as it submits its federal spending and revenue plan for next year. According to The New York Times: “Mr. Biden will request $813.3 billion in national security spending, an increase of $31 billion, or 4 percent, from 2022, according to people familiar with the proposal.” The United States spent […]

Some cities have economies that are larger than those of small countries. Chicago’s gross domestic product is bigger than South Africa’s. The Los Angeles GDP is larger than that of Turkey. The populations of these cities are much smaller than the countries we have compared them to here. That means the level of productivity in these metros is substantial. To […]

You’ll be paying $7 for a coffee, $3 for a litre of unleaded petrol, and an extra $500 a month for a mortgage by the end of the year. Those are all headlines that have appeared in recent weeks as experts warn about the threat of hyper-inflation. Some of them may come true (in fact, I’d venture that all of […]

Just a few weeks ago central bankers were walking a tightrope; now they are tiptoeing along a rapidly fraying piece of string. Even before Christmas there was a heated debate about whether raising rates and “normalising” monetary policy to curb inflation threatened to snuff out the nascent economic recovery as the world started emerging from its COVID nightmare. Chinese authorities […]