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Weaknesses of Trump’s wrecking-ball approach

  President Trump’s slash-and-burn actions in his first week have been dramatic, but dangerously lacking in a consensus of support, even within his own administration. The risks were evident in the collapse of a planned meeting with Mexico’s president and in Trump’s embrace of torture tactics rejected by his secretary of defense and CIA director. Trump’s ‘tweet from the hip’ ...

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India’s best lenders should brace for a new kind of ugly

  Indian bank investors are in for a rude shock, and one that’s got little to do with the chaos unleashed by demonetization. The fault lies in shareholders’ own expectations, which, in Morgan Stanley’s words, are driven by “institutional memory.” The top three Indian private-sector lenders by assets — ICICI Bank Ltd., HDFC Bank Ltd. and Axis Bank Ltd. — ...

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Can Trump win friends and influence people?

  With Britain poised to quit the European Union, Prime Minister Theresa May needs all the friends she can get. That helps explain her visit to White House, President Donald Trump’s first from a foreign head of state. The question is, what’s in it for him? Like so much else in the Trump era, this rapprochement is both unpredictable and, ...

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