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Salvini goes on offense in final push to force Italian election

Bloomberg Matteo Salvini dangled the prospect of tax cuts and a boost in government spending for Italians in a final push to force new elections that could secure him the premiership. Salvini, who has called time on his alliance with the Five Star Movement and is seeking to cash in on strong poll ratings, promised in a radio interview that ...

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What should we learn from Great Depression

What is striking about the latest bouts of financial turmoil — the recent wild swings in global stock and bond markets — is that they provide a sobering reminder of the potential hazards of economic instability. There are parallels between the present tumultuous situation and past episodes of economic disruption, including the Great Depression of the 1930s. Just for the ...

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HSBC gets the cold shoulder in China

It’s hard not to see HSBC Holdings Plc’s exclusion from China’s interest-rate reform as a snub. Hong Kong’s biggest bank wasn’t included in a list of 18 lenders that will participate in pricing for a new loan prime rate that the People’s Bank of China will start releasing on Tuesday. The roster includes foreign lenders Standard Chartered Plc and Citigroup ...

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