International News

Australian lawmaker may quit over tax

Bloomberg Federal lawmaker George Christensen has threatened to quit the Liberal-National Party if a proposed tax on foreign workers remains in place, the Courier-Mail reported on its website. He told told locals in his Queensland state electorate before national elections in July that he would quit the governing party if the so-called backpacker tax remained, the Courier-Mail said. “I believe ...

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Japan to name 88 places as ‘animation spots’ to boost tourism

  TOKYO/ AP Eighty-eight places in Japan are going to be designated “animation spots” to encourage visitors to seek out the train stations, school campuses, rural shrines and other fairly everyday places where popular “manga” characters are depicted. Such landmarks number in the tens of thousands, given the popularity and volume of “manga” comics in Japan, but the project aims ...

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As divided Fed meets, economic data favour standing pat

Washington / AFP Two months ago, disagreements at the heart of the US Federal Reserve spilled out into the open, with policymakers squaring off over the near-term threat of inflation. And yet as the Federal Open Market Committee prepares to meet again next Tuesday and Wednesday to review interest rate policy, widespread expectations are that, for a sixth consecutive meeting, ...

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Renzi scolds Germany, France over EU regulations

  Bloomberg Italy’s Prime Minister Matteo Renzi, facing a key referendum at home later this year, accused Germany, France and Spain of breaking European Union rules on deficit control and spending in an interview with Corriere della Sera. Nations “will have to justify themselves for failing to respect the rules,” he told the Italian newspaper. “The size of Spain’s deficit ...

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Basel rule blitz forces Danes to fix $420bn bond market

  BLOOMBERG Denmark’s government is ready to tackle liquidity shortages that have hit the world’s biggest market for mortgage-backed covered bonds, as it addresses risks that both the industry and investors warn are a serious side-effect of global regulation. Business Minister Troels Lund Poulsen told Bloomberg he will back a proposal by a government-appointed panel to stop forcing mortgage lenders ...

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Money isn’t everything as Poles turn to Germany

  Bloomberg The U.K. is losing its appeal for Poles seeking work abroad. While Britain is still home to more Polish expatriates than any other European country, Germany has become more of a lure, with about 41,000 moving there in 2015. That’s the fourth consecutive year that Europe’s biggest economy has been more attractive to them than the U.K. In ...

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Global Fund collects $13 billion to fight AIDS, malaria and TB

  Montreal / AFP Donors pledged nearly $13 billion on Saturday in the fight to eradicate AIDS, tuberculosis and malaria by 2030, Canadian Prime Minister Justin Trudeau announced at an international conference. “It is my great honor to announce that for the fifth replenishment conference for the Global Fund to end AIDS, tuberculosis and malaria, we have reached our goal ...

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Mega trade deal protests rock German cities

  Berlin / AFP More than 160,000 demonstrators thronged seven major cities across Germany on Saturday in protest over a massive transatlantic trade deal, dealing a new blow to the disputed accord. In Berlin, as in Munich, there was a sea of flags as people flocked to join the rallies despite the rain, carrying placards and banners representing dozens of ...

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Portugal seeks assurances over EU’s treatment of Barroso

  Lisbon / AFP Portugal’s prime minister said he had called for “clarifications” from European Commission head Jean-Claude Juncker that there would be no “discriminatory treatment” of his EC predecessor Jose Manuel Barroso, whose decision to work for Goldman Sachs has sparked controversy. “I asked for clarifications from the president of the Commission on the decision taken in relation to ...

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UK prepares to ban drivers caught twice on their mobile phones

  Bloomberg Two strikes may soon mean a ban for drivers caught using their mobile phones in Britain. Prime Minister Theresa May’s government is preparing to double the penalties for motorists who break the law, with potential bans for those caught out twice, according to two people familiar with the matter. The use of mobile phones while driving contributed to ...

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