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Bloomberg says he agrees with Trump on China, Kim

Bloomberg Michael Bloomberg said that he agrees with President Donald Trump pressuring China on trade and talking to North Korea and that “a lot of criticisms of Donald Trump are not his policies, it’s the way he’s doing it.” Bloomberg said he agreed with Trump cracking down on China’s theft of intellectual property and other unfair trade practices, but he ...

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Coronavirus: Europe’s rescue plan isn’t enough

The economic damage from the coronavirus epidemic has prompted calls for Europe to relax its fiscal rules to allow governments to cut taxes and increase spending. The European Commission seems to agree: Paolo Gentiloni, its economy tsar, has hinted that affected governments — such as Italy — may enjoy some budget “flexibility” to deal with the emergency. Granting more leeway ...

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Gold’s slump may signal end of rally

In times of coronavirus panic, even havens can be unreliable. Gold closed off February on a tarnished note, ending last week with its steepest daily decline since 2013. As financial markets panicked over the spread of the pneumonia-like illness, stocks tumbled and dragged gold and other precious metals lower. That’s a rare phenomenon for a metal that tends to shine ...

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