Bloomberg Philippine President Rodrigo Duterte is maintaining a friendly tone towards China, even after defense officials raised concerns over an increased Chinese presence around a disputed island in the South China Sea. China isn’t after Philippine territory and hasn’t asked for anything in exchange for the weapons and aid it’s given the Philippines, Duterte said in a campaign speech in ...

With recession anxieties climbing, people are increasingly worried about the Federal Reserve’s capacity to respond. I take issue with the premise: I don’t expect a recession this year, and when one does come I think it will be mild enough for the Fed to handle. Three factors seems to be driving recession fears. First, recent data — such as weak ...

European leaders have placed a lot of faith in Theresa May’s ability to get her Brexit deal through an increasingly fractious UK parliament. That optimism looks increasingly misplaced after British lawmakers rejected her plan three times. MPs are now preparing for yet another attempt at sketching out what flavour of Brexit they would prefer: Staying in the customs union, staying ...