Hanover / AFP US President Barack Obama made an impassioned plea for European unity in the face of rising populism and scepticismon Monday, warning this was a “defining moment” for the continent. “A strong and united Europe is a necessity for the world,” Obama said in the German city of Hanover, in a landmark speech that carried the tone ...

  BRUSSELS / ap The Brussels subway station where 16 people were killed by a suicide bomber has reopened just over a month after the attacks. Security remains high across the underground network, which was hit during the March 22 peak morning travel period. The opening of the Maelbeek station early Monday brought the Belgian capital’s underground network back up ...

  Warsaw / AFP Three former Polish presidents and other prominent former leaders are accusing the right-wing government of demolishing the country’s democracy and its international standing. They are also urging lawmakers to disregard what they call the “draconian” new legislation the government is proposing. The appeal on Monday on the front page of the GazetaWyborcza daily was signed by former ...

  Rome / AFP NATO is three months away from launching patrols off Libya as part of a plan to stop migrants arriving in Italy, Italian Defence Minister Roberta Pinotti said in an interview published on Monday. Pinotti told daily La Stampa that Rome was expecting its allies to approve the plan at a summit of NATO leaders in Warsaw ...

  Washington / AFP Ted Cruz and John Kasich have decided to join forces to try to deny frontrunner Donald Trump their Republican Party’s presidential nomination, their campaigns said. The sudden alliance revealed in short statements arose due to the pressing timing of their party’s presidential primary season: Trump, a wealthy property developer and reality television star, has pushed close ...

  Vienna / AFP Austria’s government was licking its wounds on Monday after the anti-immigration far-right triumphed in presidential elections, in a debacle of historic proportions for a cosy political establishment seen as out of touch and ineffectual. According to preliminary results, Norbert Hofer of the Freedom Party (FPOe) came a clear first with 36 percent of the vote in ...

  It has become a truism to say that the American political system is suffering from dysfunction. But weirdly, even the insurgent candidates, Donald Trump and Bernie Sanders, don’t talk much about how they would fix it. This is a populist insurgency without a clear manifesto. So it’s refreshing to hear Rep. John Sarbanes present a detailed action plan to ...

  On April 26, 1986, the Chernobyl disaster left a trail of destruction. The worst nuclear accident was blamed on human error triggered by flawed Soviet reactor technology. Fukushima was another rude awakening in March 2011 when the world discovered similar challenges. Human error was again detected after the world felt it had drawn lessons from Chernobyl to avoid nuclear ...

  Barry Ritholtz Before the Great Recession, almost two-thirds of Americans owned stocks. That number has since fallen to a little more than half, as you can see from the chart below: This is an important development with ramifications for retirement planning, demographics and income inequality. First, a little history: Since late in the last century, one of the defining ...

  Most central bankers would agree that their primary goal is to give people and companies confidence that inflation will remain stable over the long term. Unfortunately, the U.S. Federal Reserve may be failing at that task. The Fed began pulling back on its efforts to stimulate growth back in May 2013, when then-Chairman Ben Bernanke said that the central ...