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Macron’s staff probed over links to shipping firm MSC

Bloomberg French President Emmanuel Macron’s chief of staff Alexis Kohler is under investigation for his dealings with MSC Mediterranean Shipping Co. when he was working for the previous government before being head-hunted to became the Geneva-based firm’s chief financial officer in 2016. France’s financial prosecutor, known as the Parquet National Financier, said it opened the probe following news reports alleging ...

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US can still catch up in manufacturing sector

If anything will revive US manufacturing, it’s certainly not an ever-changing package of hastily proposed and canceled tariffs. But as President Donald Trump pursues that non-strategy, it’s worth asking the longer-term questions of whether US manufacturing even needs to be revived at all, and if so, what can accomplish the task. There’s little doubt that the US manufacturing sector has ...

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Italy’s extraordinary $146bn wager

Italy’s new government is one of the most extraordinary democratic experiments tried in western Europe since the Second World War. The Five Star Movement and the League have put together a largely inexperienced ministerial team, which is promising a set of policies that seem impossible to deliver. They face formidable constraints, from Italy’s fragile public finances to EU rules that ...

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