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UK’s opposition Labour thinks standing up for families can shape next election

BLOOMBERG Rishi Sunak’s political opponents think they’ve found his weak spot — the family. With an election edging closer, Keir Starmer’s Labour is making a move onto traditional Tory territory, accusing the prime minister of abandoning working parents. Sensing victory after 13 years in the wilderness, Labour wants to make an overhaul of Britain’s hugely expensive child care system a ...

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China retains central bank chief Yi in unexpected move

BLOOMBERG China reappointed several top economic officials in a leadership reshuffle Sunday, giving investors greater continuity as Beijing overhauls financial regulation and grapples with escalating tensions with the US. People’s Bank of China (PBOC) Governor Yi Gang, 65, will remain in his post, as will the finance and commerce ministers. He Lifeng, a close ally of President Xi Jinping, was ...

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Canada banks erase $14b in value on SVB contagion

BLOOMBERG The fallout from Silicon Valley Bank’s collapse has led to a continent-wide selloff in financial stocks erasing C$19.7 billion ($14.2 billion) in value from Canada’s top banks in the last four days. Some of the nation’s biggest lenders, including Bank of Nova Scotia, Bank of Montreal and Toronto-Dominion Bank fell more than 2%. With banking equities far and away ...

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