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UK’s Brexit chaos leaves EU friends, foes bemused

Theresa May’s goal at this point in the Brexit negotiations was to be a strong British prime minister —between European Union leaders. It hasn’t quite worked out that way. Instead, as Brexit Secretary David Davis heads to Brussels for the second round of negotiations, EU officials and politicians are looking at a Britain where senior ministers openly disagree about their ...

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China’s anti-addiction drive ruins video games

Shareholders of Tencent Holdings Ltd., the world’s biggest video game company, panicked last week. People’s Daily, the official newspaper of the Chinese Communist Party, singled out ‘Honour of Kings,’ Tencent’s biggest game, for an unusually high-profile criticism. ‘Poison,’ the paper declared of a game played by roughly one in seven Chinese. “Constantly spreading ‘negative energy.’” It linked the game to ...

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For ECB, better to be flexible than sorry

I am giving you permission: You can safely ignore Amazon’s Prime Day, the annual fake shopping holiday Jeff Bezos invented two years ago.The European Central Bank is unnerving markets by remaining vague over the future of its bond-buying scheme. Yet, if investors listened carefully, they would detect an emerging framework for understanding what guides policy makers. The first principle is ...

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