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Electric cars are feeling a little bit of competition

Electric cars topped the 1 million sales milestone in 2017, a 57 percent increase over 2016. Chinese consumers alone purchased more than half a million electric cars. And Bloomberg New Energy Finance expects more than half of all new cars sold, and a third of the total light vehicles on the road, to be electric by the year 2040. But ...

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Lawmakers officially forget financial crisis

The US Congress might have just set a record for shortness of memory: Just 10 years after a crisis that nearly brought down the global financial system, it’s loosening the safeguards designed to prevent a repeat. Now it’s up to regulators — and specifically the Federal Reserve — to ensure that the backsliding doesn’t go too far. Prodded by President ...

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Italy finally gets a taste of Boris Johnson’s cake

Italy’s populist dream team has a radical plan to revive the country’s economy. Successive drafts of the coalition agreement between the League and the Five Star Movement, seen over the past few days, show the two parties are keen to press ahead with their lavish tax cuts and spending pledges, in spite of Italy’s mammoth public debt. There’s a double ...

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