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Governments have put ECB in a bind

  If you think it will be hard for the US Federal Reserve to normalize monetary policy, spare a thought for the European Central Bank. The euro zone’s monetary guardians have said they will continue to buy 60 billion euros a month in government and corporate bonds until the end of 2017. Headline inflation is running at 2 percent — ...

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Turkey at crossroads as referendum looms

  Turkey’s referendum on expanding the president’s power is facing resistance both from inside and outside the country. The country is deeply divided over the constitutional changes proposed by President Reccep Tayyip Erdogan. It would bring an executive presidential system, merging the powers of the prime minister and the president. Erdogan argues that a strong presidency will make Turkey better ...

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China’s trading partners urge to scale back food import controls

  BEIJING/ AP China’s trading partners are bringing the top UN food standards official to Beijing in a last-ditch attempt to persuade regulators to scale back plans to require intensive inspections of food imports — including such low-risk items as wine and chocolate — that Washington and Europe say could disrupt billions of dollars in commerce. The rule could inflame ...

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