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Gilt market problems aren’t unique to the UK

  The Bank of England recently announced that it would enter the market to buy government bonds (known as gilts) with a remaining maturity of 20 years or more. Although the central bank insists that its actions are “temporary,” to restore “orderly” markets, it’s not really clear what either of those words mean. 1 It was only on Sept. 21 ...

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Italy’s Giorgia Meloni has a mandate but little time

  Those disheartened by the election campaign run by Giorgia Meloni may think that the best thing about Italy’s incoming government will be its likely transience. Hers will be the country’s 70th government since World War II. But it would be wrong to conclude that Italian leaders don’t matter. To the contrary, Europe badly needs a stable Italy capable of ...

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China’s rival aircraft to Boeing, Airbus jets wins certification

  Bloomberg China formally certified its homegrown aircraft to take on Boeing Co and Airbus SE in the highly lucrative market for narrowbody jets, according to the official Xinhua News Agency. The announcement of the certification of Commercial Aircraft Corp of China Ltd.’s C919 was made in Beijing, with President Xi Jinping and other high ranking Chinese government officials attending ...

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