LiveWire

The 2020 Olympics will take place in Tokyo, but behind close doors as Japan recorded 3,000 daily cases this week with less than 23% of the population vaccinated. Host cities usually bear high costs. Last time than Japan was the host for the 98 winter games, costs were relatively low at $2.2 billion, but for this year, they're expected to pay $28 billion. Overbudgeting has pushed up the costs drastically, and the country might not reap the financial benefits of hosting such an event with sanitary restrictions, even if those often only ease the cost of the event without making it profitable. Source: Statista, Nikkei, Forbes, Asahi

Bitcoin has not been seen by investors as an inflation tool and in fact gold has also fallen in recent weeks, or down 4.8% this year and 12% from Augusts record levels. Declining yields have communicated investor angst about a slowing down of the recovery. For Bitcoin, inflation does not seem to have as much of an effect as does policy changes, public acceptance, and influential tweeters like Elon Musk. Source: WSJ

Canada has managed to administer a second dose to over 70% of their population, closely followed by the UK and Israel. There is quite a gap between number one and number ten, as Mexico has only given the second dose to 30% of their population. Source: Refinitiv Datastream

With Transplace, Uber Freight will expand beyond brokering loads between shippers and truckers and into more complete management of a company’s logistics needs. Source: Bloomberg

Thermal coal has risen in popularity as a result of supply problems, a drought in China, and rising electricity demand, making the world's least popular commodity one of the best-performing assets this year. Source: Financial Times