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Spanish PM to defend against claims he’s soft on Catalonia

Bloomberg Spanish Prime Minister Pedro Sanchez is looking to defend himself against claims he’ll be too generous to Catalan separatists with his first appointments. Foreign Minister-Designate Josep Borrell was one of the most high-profile defenders of Spanish unity during last year’s crisis and as a Catalan has particular authority to tackle the separatists’ arguments. The 71-year-old will also be in ...

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Are the US, China making the world safe for fraud

China and the United States are presenting themselves as exemplars of opposite models of political governance. China has laid out its vision for a rejuvenated nation: a socialist planned economy, built on data and analytics, that will displace market economies. The US is taking the opposite route: withdrawing government from the marketplace, deregulating the economy through executive orders, starving regulators ...

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Hong Kong banks, meet the 21st century

Ironically, the city that should have been first to be swept up by China’s fintech revolution is still a picture of old-world conservatism. Not for long, though. Hong Kong, whose last big innovation in retail payments is as old as the former British colony’s 1997 handover to China, is on the cusp of big change. The Hong Kong Monetary Authority’s ...

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