Centrifugal or centripetal, which force will prevail in the European Union (EU) in 2020? A lot suggests it’ll be the former, with the EU drifting apart. Its third-biggest member state is preparing to exit. Populists are railing against Brussels and want their “sovereignty” back. Conservatives in the north balk at deeper integration of the euro area. One woman who wants ...

From Google to Papa John’s to Buffalo Wings and Starbucks, more companies are introducing implicit bias training. These HR-sponsored courses are intended to foster diversity and inclusion by making employees more aware of unconsciously believed negative stereotypes. The idea is that if we can combat our underlying biases, we’ll decrease discriminatory behaviours at work and level the playing field for ...

It’s always easier to put up a barrier on an empty road than a busy highway. That’s worth remembering in light of recent reports that China has temporarily suspended cross-border listings between the Shanghai and London stock exchanges. The halt is a response to the UK’s stance on pro-democracy protests in Hong Kong, Bloomberg News reported, citing a person familiar ...

So is China readying its own Bitcoin? Banish the thought. It’s far bigger than that. Yes, just like any other cryptocurrency — or for that matter, cigarettes in prisoners-of-war camps — the upcoming digital yuan will be “tokenised” money. But the similarity ends there. The crypto yuan, which may be on offer as soon as 2020, will be fully backed ...

Europe’s reputation on financial crime took another battering in 2019. Several of the region’s biggest lenders, including ABN Amro Bank NV and Swedbank AB, were tarred by allegations that they let criminals move around their cash unhindered, a reminder that Danske Bank A/S’s mammoth money-laundering failings weren’t isolated. At least the scale of the problem isn’t going unnoticed. Politicians and ...

The US economic recovery that began in June 2009 is now in its 127th month, which is a record. Even more impressive is that for the first time since the signing of the Declaration of Independence in 1776, the US just completed the first calendar decade without even one day of a recession. There are a few key reasons why ...

A few weeks ago, Twitter gave users an early holiday present in the form of “Topics,” a feature that lets them subscribe to feeds on a given subject. As the company explained it, the feature reduces the need for users to track down accounts to follow; rather, “the conversation will come to you.” Although Topics sound like it might be ...

Bloomberg China pledged to step up measures to shore up its troubled banks and small businesses while continuing a crackdown on shadow banking and property speculation, in a difficult balancing act that risks exacerbating a build up in bad debt at its traditional lenders. As concerns mount over the state of China’s $45 trillion financial system, the nation’s central bank ...

Bloomberg The pound rebounded from its new year hangover, on speculation the Bank of England could avoid an imminent cut to interest rates following a post-election economic boost. Sterling advanced against all major peers and halted its losing streak since the start of 2020, after the UK’s services sector unexpectedly showed signs of strengthening. This may ease pressure on the ...

Bloomberg Investors should be careful about assuming that strong US economic conditions guarantee that president Donald Trump will win another term in November, Morgan Stanley strategists warned. “The most common misconception among investors we talk to is that solid economic growth assures the president’s re-election,” strategists at the Wall Street bank including Michael Zezas wrote in a note on Monday. ...