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China moves to delay parliament for first time in decades

Bloomberg China is considering delaying its most high-profile annual political meeting for the first time in decades, as the government attempts to contain an outbreak of a deadly new strain of coronavirus. The Standing Committee of the National People’s Congress (NPC) will meet on February 24 to consider a delay of the annual meeting of the full parliament planned to ...

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Trump’s rosy economic growth forecast isn’t crazy

President Donald Trump’s new budget proposal makes some heady economic projections — 3% annual real economic growth for the first half of the decade — to justify his policies and make the budget deficit look smaller than it might otherwise be. That’s a lot higher than mainstream economists at the Federal Reserve and Congressional Budget Office believe is likely based ...

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Thiel’s fintech banking app flees Britain

Defying the gloom around the financial services industry in post-Brexit Britain, the UK has maintained its edge in fostering the industry’s digital revolution. Lured by friendly regulators, fintechs have proliferated and investors have poured billions into companies that have rattled centuries old, high-street lenders. The battleground is becoming so fierce, however, that it’s proving too much for some of the ...

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