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Pak ruling party strengthens grip in senate vote

Bloomberg Pakistan’s ruling party became the largest group in the Senate during a closed-door election, strengthening its hand before national polls in July despite legal setbacks and corruption proceedings against its leader Nawaz Sharif. Final results from the Election Commission show candidates affiliated with the Pakistan Muslim League-Nawaz won 15 seats, taking their total to 33 in the 104-strong Senate, ...

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Xi is president for life: Trump

Bloomberg US President Donald Trump appeared to praise Chinese counterpart Xi Jinping’s efforts to extend his tenure in a speech to donors, according to a recording released by CNN. “Don’t forget China’s great and Xi is a great gentleman. He’s now president for life,” Trump told Republican backers. The crowd erupted in laughter in response to the remarks made at ...

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Coming Trump inflation?

Can we run the economy ‘hot’? To those who think that President Trump’s economic policy is simply an extended programme to make the rich richer, there is another, more subtle possibility. The focus on the rich, while understandable, simplifies and misrepresents Trump’s larger ambition. This is to create an economy that is operating at the outer edges of its productive ...

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