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April 17, 2019 Politics
Bloomberg The Democratic Republic of Congo will join the global fight against IS, which President Felix Tshisekedi said poses a threat to his country. Tshisekedi stressed links between the extremist group and the Allied Democratic Forces, a shadowy militia that has operated in Congo since the 1990s, during a visit to Washington. Little is known about the ADF and analysts ...
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April 17, 2019 Politics
Bloomberg In India’s richest state, Maruti Bhosle roamed the parched fields surrounding his one-room tin hut before taking his life. The farmer left behind a wife, a daughter and $2,160 rupees of debt borrowed at a 60 percent interest rate. The story is eerily repeated in many villages in Beed district, which sits a few hours’ drive from India’s financial ...
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April 17, 2019 Opinion
Asia expert Ezra Vogel published his influential book “Japan as Number One†40 years ago. At the time, he argued that the US needed to adopt aspects of Japan’s supposedly superior economic system if it wanted to compete with the East Asian powerhouse. Policymakers in Washington were wise to ignore him. While Japan sank into a financial crisis and three ...
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April 17, 2019 Opinion
Almost 10 years after the Great Recession ended, the growing threat of a new economic slowdown raises a troubling question: When the next recession strikes, what can the world’s central banks do? With interest rates low and their balance sheets still loaded with assets bought to fight the 2008 crisis, do they have the tools to respond? The US economy ...
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April 17, 2019 Opinion
Grief is not too strong a word for the emotion that hundreds of millions of people around the world felt as they saw the Cathedral of Notre Dame in flames. It wasn’t just that one of Europe’s most beloved buildings was burning, terrible as that was to watch; it was knowing how much this astonishing creation has meant to Parisians, ...
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April 17, 2019 Opinion
Nationalism has been a feature of political discourse in Indonesia since the republic’s inception after World War II. It’s taken on more of an edge since the Asian Financial Crisis and return to democracy. Now, in every election, candidates compete to trumpet their economic patriotism. In the current campaign, challenger Prabowo Subianto has gone further and accused elites of selling ...
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April 17, 2019 Opinion
It looks like Jet Airways Ltd.’s luck has finally run out. India’s oldest privately owned airline is on the verge of shutting down all its flights — it already has perhaps fewer than 10 aircraft active — because it simply doesn’t have enough working capital. It’s more than a billion dollars in debt and has lost money for the last ...
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April 17, 2019 Opinion
Citigroup Inc. executives appear optimistic about the momentum they see across the firm’s businesses, from branded credit cards to M&A and treasury services. Whether the modest revenue expansion they expect for this year will enable the US bank to get closer to its financial targets is another question. The bank’s new CFO, Mark Mason, presented his first set of earnings ...
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April 17, 2019 Opinion
Britain’s plans to regulate online content have triggered an unsurprising furore about censorship. But that’s largely fine with the technology giants – because it distracts attention from a bigger problem that goes to the heart of their business model. The white paper on online harms is an effort to curb the online spread of dangerous content, such as incitement to ...
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April 17, 2019 Stocks
Bloomberg The latest batch of corporate earnings whipsawed US stocks as investors sought clues on the strength of the economy after a likely slowdown in the first quarter. The 10-year Treasury yield pushed above 2.6 percent. The S&P 500 Index erased early gains, with healthcare shares again under pressure as concerns mount over potential policy changes. Netflix Inc advanced even ...
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