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Pentagon abuses label to hide bad weapons news

  Bloomberg A new Pentagon report on the performance of billions of dollars in US weapons is marred by widespread use of a new designation that appears intended to suppress bad news under the guise of national security, according to Senator Elizabeth Warren. The Defense Department’s testing office issued two versions of its annual report last week —one posted online ...

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Guinea-Bissau president says situation is ‘under control’

  Bloomberg Guinea-Bissau’s President Umaro Sissoco Embalo said the situation was under control after the West African regional bloc urged soldiers to return to their barracks in a bid to prevent what could become the fourth armed coup in one of its member-nations in less than a year. “I’m fine,” Embalo said in a tweet, hours after automatic gunfire erupted ...

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Ex-official warns BOJ against using digital yen to juice policy

  Bloomberg The Bank of Japan (BOJ) shouldn’t view the issuing of a digital currency as a monetary policy option as doing so could severely damage the economy, according to a former BOJ official who led research into digital money. “Some say that negative interest rates could work more effectively with a digital currency, but I don’t think so,” said ...

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