Vilnius, Lithuania / AFP The European Commission is expected to launch legal action against France over its application of the national minimum wage to foreign truck drivers, a top EU official said. Brussels will send a formal letter launching the procedure “in a few hours”, said Elzbieta Bienkowska, the EU’s internal market chief. “From the single market perspective it raises ...

  German Chancellor Angela Merkel’s recent and ninth visit to China to attend the annual government-to-government consultations might have been the most difficult one so far. This time Merkel arrived with a much longer list of pressing issues to discuss than before, including issues such as market economy status, overcapacity in steel exports, the South China Sea dispute, and the ...

  Noah Smith In the past year, a huge amount of money has been flowing out of China. In the past, when this happened, it was because the Chinese central bank was buying foreign assets. But this time the People’s Bank of China has been selling foreign assets — it’s China’s citizens and companies that are sending their money overseas. ...