Bloomberg Matteo Salvini, the euroskeptic strongman of Italian politics, can’t seem to shut down a scandal over alleged illegal financing from Russia. The deputy prime minister has been trying to distance himself from a close ally, Gianluca Savoini, who was recorded apparently soliciting illegal party funding from three Russians, according to a report by Buzzfeed News. The story has dominated ...

China’s new GDP numbers show that the world’s second-biggest economy is growing more slowly than at any time since the early 1990s. Chinese leaders know what they need to do to arrest the slide: pump more credit into private companies, which generate the majority of jobs and growth. The fact that growth isn’t picking up regardless of their efforts would ...

Not everybody is observing the supposed ceasefire in the currency wars. The Reserve Bank of Australia lowered rates by 25 basis points each in June and July. The moves were ostensibly intended to ease monetary conditions and boost flagging growth. Their unstated purpose was to bring down the value of the Australian dollar. Since the currency rate was floated in ...