Italy’s parliamentary elections are heading for a hung parliament, with a center-right coalition set to win more seats than the anti-establishment Five Star Movement (M5S). The election has turned Italian politics on its head, with far-right, anti-establishment and euroskeptic parties seeing strong gains. As the official vote count continued on […]
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Eight countries face ‘quite high’ debt risk because of China’s massive Belt and Road plan
China’s ambitious Belt and Road infrastructure initiative elevates sovereign debt risks in eight countries involved in the massive cross-continent plan, a new study has found. Of the 68 countries identified as potential borrowers in the Belt and Road Initiative (BRI) — a sprawling plan aimed at connecting China with much […]
Euro unchanged despite populist support in Italian election as traders await clarity
Currency traders largely disregarded the Italian general election on Monday morning as they waited for further clarity on the future government in the face of a likely hung parliament. The euro was little changed Monday morning, trading at $1.229 against the dollar at around 7 a.m. London time (2 a.m. […]
Peter Navarro, who wrote ‘Death by China,’ may have won the battle with pro-trade voices
President Donald Trump’s trade advisor Peter Navarro, a fierce China critic who has clashed with more pro-trade voices in the White House, may have gained an upper hand in that debate. That’s according to Jonathan Pain, author of the Pain Report, who told CNBC on “Street Signs” that this development […]
The Fed is now entering the most difficult phase of monetary policy
The successful transition from a crisis-management monetary policy to credit conditions compatible with steady economic growth and price stability requires exceptionally good short-term forecasting — and a fair amount of luck. That tongue-in-cheek allusion to divine intervention is meant to underscore the difficulty of “normalizing” the monetary policy that was […]
Mueller reportedly subpoenas one witness’s communications with Trump, among others
Special counsel Robert Mueller, who’s leading an investigation into Russian interference in the 2016 U.S. presidential elections, has issued a subpoena for all communications from one witness regarding President Donald Trump and nine other people, Axios reported Sunday. The Grand Jury subpoena — sent to an unnamed witness last month […]
Xi Jinping is set to solidify his power at annual congress, as China aims for steady growth
China’s President Xi Jinping is heading into an annual parliament meeting with a tighter grip on power than ever, as he sets to implement big plans for the world’s second-largest economy now that he is primed to rule for life. The National People’s Congress (NPC) meeting kicked off on Monday […]
The six most outrageous things Trump said at the annual Gridiron Dinner
President Donald Trump delivered a few zingers about White House drama at Washington’s annual Gridiron Dinner on Sunday, mocking close aides as well as the prospect of his own impeachment. The exclusive event, organized by journalists, is essentially a roast of political figures — similar to the White House Correspondent’s […]
These are the top 10 tech companies to work for in India
India, home of the world’s fastest-growing economy, is quickly becoming one of the globe’s greatest technology hubs. That is partially thanks to the country’s abundance of highly skilled technical graduates, whose numbers are growing at a rate of 7 percent per year, according to the latest study from India’s ministry […]
North Korea will not ‘beg for dialogue’ with the US
North Korea said it would not beg to talk with Washington and denounced upcoming U.S.-South Korean joint-military exercises, warning that it would take countermeasures against the United States if they went ahead. It reiterated on Saturday that it was willing to talk to the United States but said it would […]