Bloomberg Singapore’s leaders need strong backing from voters to weather uncertain times, Prime Minister Lee Hsien Loong said as he called on members of the ruling party to prepare for a “tough fight” at the next general election. Speaking at the People’s Action Party (PAP) convention, Lee pointed to some economies around the world where public faith in governments has ...

Germany’s dismal coalition politics may help unlock progress in talks on the European banking union. Finance Minister Olaf Scholz’s apparent mandate to negotiate a common deposit reinsurance scheme for Europe could help him win the leadership of the Social Democratic Party (SPD) and keep the shaky government, in which the SPD is the junior partner, going for another two years. ...

Federal Reserve Chairman Jerome Powell virtually promised last week to hold off on raising interest rates until faster inflation is not just a forecast, but a reality. With this dovish assurance, the Fed becomes less of a threat to the economic outlook – assuming he is able to keep that promise. With the Fed looking to stop cutting rates, the ...