After decades of sustaining a relatively modest nuclear arsenal, China is moving swiftly to build more and better doomsday weapons. The trend would be dangerous at any time. But given the precipitous decline in relations with the US, a catastrophe is becoming all too likely. Both sides need to restore stability to this relationship before the world faces a devastating ...

Ten years of extend and pretend over the Monte Paschi crisis are coming home to roost. Talks for a sale of the troubled 500-year-old lender — nationalised in 2017 — collapsed on October 24. That’s when the Italian state apparently balked at the some 7 billion-euro ($8.1 billion) capital injection that Milan-based UniCredit SpA demanded to take on the troubled ...

Bloomberg President Emmanuel Macron backed away from his imminent threat to punish the UK for restricting the access of French fishing boats to British waters, saying he would give negotiations more time. “The British are going to come back to us tomorrow with further proposals. We’ll see where we are at the end of the day,” Macron told reporters in ...