What is missing in this campaign, as I have written before and no doubt will write again, is an informative and honest discussion of the role of government in American life. We don’t want to admit that government worth having is worth paying for, through taxes — with the well-known exceptions of recessions and wars, when deficits are often inevitable ...

In the end, Italy’s red wall held up against Matteo Salvini’s assault. The leader of right-wing League had hoped to score a famous win in a regional election in Emilia-Romagna, an area with strong leftist traditions. Voters thought otherwise: Stefano Bonaccini, incumbent Democratic Party governor, won convincingly against his opponent, Lucia Borgonzoni. The populist Five Star Movement collapsed to less ...

The bitter 2018 vintage of British initial public offerings is souring with age. After the dramatic fall of Aston Martin Lagonda Global Holdings Plc and Funding Circle Holdings Plc, yet another shock came on January 27 from subprime lender Amigo Holdings Plc, which listed around the same time. The company said the environment was worsening and that its founder and ...

In the chilly and rarefied air of Davos, recent days saw yet another surge in the temperature of the world’s debate on climate change. While Greta Thunberg led pleas to political leaders at the World Economic Forum for urgent action to avert climate catastrophe, Donald Trump used the same platform to denounce “prophets of doom.” The virtual confrontation between Trump ...

As part of his promise to deliver the benefits of Brexit after the UK leaves the European Union on January 31, Boris Johnson has set a goal of doubling the rate of economic growth after the UK leaves the European Union (EU). That aspiration could be treated as a rhetorical flourish, like Donald Trump’s belief that the United States can ...

The consensus is that the US consumer is still strong enough to propel the economy forward even though the manufacturing sector has weakened. This view underpins expectations for improved corporate earnings in 2020. But the hard economic data strikes a discordant note. In particular, growth in industrial production on a year-over-year basis remains in a decisive downturn, sliding deeper into ...

Being a shopping-mall landlord is a risky business in the age of e-commerce, even in retail-crazy Singapore. So it’s only sensible that CapitaLand Mall Trust is merging with CapitaLand Commercial Trust, which owns offices. The $6.2 billion deal between the two sister real estate investment trusts, or REITs, will create a property owner of some heft. The combined entity will ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB), on Tuesday reported its full year financial results for 2019, announcing a net profit of AED12.5 billion, up 4% from AED12.0 billion in 2018. Commenting on the results, HH Sheikh Tahnoun bin Zayed Al Nahyan, Chairman of FAB, said, “2019 marked another year of growth for FAB, despite challenging market conditions ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec), and its subsidiary Nawah Energy Company (Nawah) announced that an extensive operational readiness assessment performed by an international team of nuclear industry experts from the Atlanta Centre of the World Association of Nuclear Operators (WANO), concluded that Unit 1 of the Barakah Nuclear Energy Plant in Abu Dhabi is ready ...

ABU DHABI / WAM The National Central Cooling Company (Tabreed), on Tuesday released its audited financial results for 2019, reporting an 11% increase in net profit to AED472.5 million for full year, adding 51,336 Refrigeration Tonnes (RT), of new customer connections, resulting in the delivery of 1,182,715 RT of cooling capacity. Tabreed’s Board of Directors recommended a cash dividend for ...