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Tillerson: China must do more to rein in N Korea

Bloomberg US Secretary of State Rex Tillerson again urged China to do more to rein in North Korea, saying it should use its growing clout responsibly. “China is a significant economic and trading power, and we desire a productive relationship,” Tillerson said in Sydney on Monday after security talks with Australian counterparts. “But we cannot allow China to use its ...

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London fortifies bridges to protect pedestrians

Bloomberg Concrete and metal barriers are being erected along the sidewalks on some of London’s bridges after terrorists used cars and vans to target pedestrians for the second time in just over two months. London police on Sunday evening said commuters could expect to see more officers on the streets and more physical measures on bridges, after at least three ...

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May spars with Corbyn on terrorism as UK vote nears climax

Bloomberg U.K. opposition Labour leader Jeremy Corbyn traded blows with Prime Minister Theresa May over who has the worst record on countering terrorism, as Britain’s battle with extremists looked set to dominate the final three days of the election campaign. Saturday night’s London Bridge attack, which was claimed by IS, temporarily halted campaigning. But the political truce lasted less than ...

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‘No evidence travel ban would make US safer’

Bloomberg There’s no evidence President Donald Trump’s travel ban, struck down in the courts and awaiting Supreme Court review, would make the U.S. safer from the kinds of attacks carried out in London overnight, his predecessor’s national security adviser said. “There’s a very real risk that by stigmatizing and isolating Muslims from particular countries, and Muslims in general, that we ...

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German-Turkey ties crack as Gabriel snubbed in Ankara

Bloomberg Germany’s foreign minister was set to return from a visit to Turkey on Monday with nothing but increased ill will, after talks failed to resolve disputes that have damaged relations between the NATO allies. Turkey will continue to block German officials from visiting their country’s troops at Incirlik, Turkey’s main NATO base near the Syrian border, Turkish Foreign Minister ...

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The messy reality of global warming

There was no need for President Trump to withdraw the United States from the Paris climate agreement to achieve his goal of overturning the Obama administration’s global warming policy. This had already occurred through court rulings and executive orders, which effectively halted higher vehicle fuel economy standards (up to 54.5 miles per gallon) and ended the Clean Power Plan program, ...

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Uber is transportation, but keep that on the down low

Uber is the San-Franscico-based technology company. It is also a transportation company. That may seem like a trivial distinction, but a lot is riding on it. And not just for Uber, but for every disrupter that fancies itself a technology company. Europe’s highest court — the European Court of Justice — will decide later this year whether Uber is more ...

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Eurozone needs more than a bundle of bonds

The European Commission has been thinking about ways to strengthen the euro zone, and is proposing a plan for a new “sovereign bond-backed security.” Give the commission credit for putting its finger on an important defect of the euro-zone system. Unfortunately, its remedy falls far short. The defect is the so-called “doom loop” between governments and banks. Banks in Europe ...

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Donald Trump’s big Paris mistake

Any rational, responsible business leader, faced with an existential threat to his enterprise, would take steps to manage the risk. With his decision to leave the Paris climate accord, President Donald Trump is putting the lie to one of his central claims: that he would run the country like a business. The Earth is threatened with rising seas, violent weather ...

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EU tax competition is unfair and inefficient

European Commission President Jean-Claude Juncker stretched credulity when he told the European Parliament he had known nothing about Luxembourg’s sweet tax deals with large companies; he’d served as finance minister and then prime minister as the small country struck the deals. What Juncker knew aside, one might ask whether there is any other way for small nations to survive among ...

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