The Federal Reserve’s point-person on Wall Street appealed to Congress on Monday to “do no harm” as it considers slicing back regulations put in place to protect the U.S. economy in the wake of the financial crisis. New York Fed President William Dudley, who announced Monday morning he would retire earlier than expected in mid-2018, […]
Read morePaul Ryan, speaking to CNN about the tax overhaul bill the House will begin considering on Monday, says “the whole purpose of this is a middle-class tax cut.” That’s in line with the rhetoric Donald Trump deployed on the campaign trail, in line with public opinion polling about what voters want, and reflects a kind […]
Read moreIn a park in the middle of a leafy, bohemian neighborhood where homes list for close to $1 million, a tractor’s massive claw scooped up the refuse of the homeless — mattresses, tents, wooden frames, a wicker chair, an outdoor propane heater. Workers in masks and steel-shanked boots plucked used needles and mounds of waste […]
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BACK in 1992, in his book “The End Of History and the Last Man”, Francis Fukuyama argued that liberal democracy had triumphed. The return of authoritarianism in Russia, and the growing power of absolutist China, has undermined the argument at the geopolitical level. And events in recent years have caused questions on the ability of […]
Read moreAmid another leak of documents revealing large-scale international tax avoidance, the secretary-general of the Organisation for Economic Co-operation and Development (OECD) said Monday that tax avoidance was fast becoming a thing of the past. “When we’re talking about the ‘Panama Papers’ or ‘Paradise Papers’ we’re talking about a legacy that is fast disappearing,” Angel Gurria […]
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UK political leaders to set out competing visions for Britain's economic future
U.K. Prime Minister Teresa May is expected to outline her vision for Britain’s industrial future Monday, while the leader of the U.K.’s opposition Labour party is expected to set out his proposals for “big changes” to the country’s economy. Both the prime minister and Labour leader Jeremy Corybn are expected to give speeches at a […]
Read moreSilvio Berlusconi’s center-right coalition on Sunday looked set to win by a narrow margin a regional vote in Sicily seen as a crucial test of national trends ahead of forthcoming parliamentary elections, exit polls suggested. The Sicilian vote could mark a striking comeback for the 81-year-old four-times prime minister, whose candidate was predicted to have […]
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European markets seen lower ahead of earnings, economic data; oil prices jump
European stocks are set to start the week lower as investors focus on earnings and monitor President Donald Trump’s comments in Asia. The FTSE 100 is seen lower by 23 points at 7,536; the CAC 40 is set to open off by 7 points at 5,506 and the DAX is set to start the day […]
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Catalonian leader Puigdemont turns himself in after Spain issues an arrest warrant for rebellion
Sacked Catalonia leader Carles Puigdemont and four associates turned themselves in to Belgian police on Sunday, following Spain’s issuing of an arrest warrant for rebellion and sedition. All are wanted by Madrid for actions related to the push for the region’s secession from Spain. Puigdemont has become the public face of that move for independence. […]
Read morePro-Catalonia independence parties will win the regional election in December but are unlikely to take a parliamentary majority, a survey published in La Vanguardia showed on Sunday. According to the GAD3 poll of 1,233 people between Oct. 30 and Nov. 3, pro-independence parties ERC, PDECat and CUP would win the election with between 66 and […]
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