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North Korean media goes crazy for Trump’s border meeting with Kim

Bloomberg North Korean state media released gushing reports of Kim Jong-un’s Demilitarized Zone (DMZ) summit with President Donald Trump, as the regime sought to use another history-making meeting with the US leader to validate its policy decisions. The front page of North Korea‘s ruling party Rodong Sinmun newspaper was dominated by a seven-photo splash of Trump making the first crossing ...

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Jeremy Hunt seeks to boost credentials with no-deal Brexit plan

Bloomberg Jeremy Hunt seeks to burnish his Brexit credentials as he sets out his strategy for preparing the UK for a no-deal departure from the European Union The foreign secretary, who campaigned for the “remain” side in 2016’s referendum, will use a speech in London to lay out the plan, which includes preparing for a no-deal budget that will cut ...

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Central banks are creating a horde of zombie investors

Ruchir Sharma, chief global strategist at Morgan Stanley Investment Management, wrote a provocative op-ed in the New York Times last weekend. Titled “When Dead Companies Don’t Die,” it argues that unprecedented monetary stimulus from global central banks created a “fat and slow” world, dominated by large companies and plagued by a swarm of “zombie firms” — those that should be ...

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