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This man holds Europe together

Michel Barnier, the European Union’s top Brexit negotiator, is the Brussels equivalent of a rock star. For three years, the unflappable 68-year-old Frenchman has been hashing out the terms of the UK’s departure while making sure the remaining 27 members stick together. He is the real survivor of the Brexit saga. The fact that Barnier is still in the job ...

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Black holes’ photos will blow our minds again this year

The seemingly impossible, paradoxical news that astronomers had taken a picture of a supermassive black hole captured our imaginations in 2019 for good reason. What they actually showed us was a sort of shadow — a spherical blackness surrounded by a cosmic hurricane of matter and energy — but that was enough to qualify as a sign of real human ...

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China’s war on shadow banking can’t last forever

Cause and effect. Action, reaction. As China cracks down on shadow finance, private companies and state giants alike are learning that the karmic wheel of money can come to a screeching halt. In April 2018, China unveiled far-reaching rules for its financial industry as part of an effort to curb risk. Banks were asked to spin off their wealth-management arms, ...

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