Bloomberg German Chancellor Angela Merkel called for tolerance in a city that’s been a flashpoint of anti-immigrant unrest, laying down a political marker that may lead to conflict during the final phase of her chancellorship. As far-right protesters organised a “Merkel Must Go” march, the chancellor faced hostile questions on a visit to the eastern city of Chemnitz. Meanwhile, her ...

One of the assumptions that economists sometimes use to frame their models is to specify that some variables will be held constant, a concept that’s expressed with the Latin phrase ceteris paribus. We often make the same mistake in politics and foreign policy. We concentrate on our own domestic issues and assume that the rest of the world will remain ...

Whichever way you slice it, the draft Brexit deal unveiled by British Prime Minister Theresa May is no big win for financial services, despite being lauded as such in some quarters. If she gets it past parliament, still a huge if, the accompanying transition period – which may well be extended – will give banks and other finance firms more ...