November, 2018

• 25 November

  The easiest way to set Facebook is to break it up

  

  Occam’s razor is a principle that says when something happens that can be explained in multiple ways, the simplest explanation is usually the right one. The same is true of solutions: the simplest, most straightforward solution is usually the best way to solve a problem. In the US, social media giant Facebook Inc. has become a problem. It makes its ...

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• 25 November

  UK won’t get better Brexit deal if parliament votes no

  

  Bloomberg European leaders gave Theresa May her Brexit deal but warned that the UK Parliament must vote for the plan as it stands because negotiations will not be reopened if British politicians reject it. On Sunday, the prime minister got her agreement on the UK’s divorce from the European Union at a special summit in Brussels, when the leaders of ...

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• 25 November

  Giuseppe Conte vows to revolutionise Italy despite EU deadlock

  

  Bloomberg Prime Minister Giuseppe Conte pledged to keep “revolutionising” Italy after a working dinner with European Commission President Jean-Claude Juncker failed to break a long-running standoff over the populist government’s push to follow through on expensive election promises. At a Brexit summit of European Union leaders in Brussels on Sunday, Conte clearly had other concerns preying on his mind. The ...

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• 25 November

  French grassroots protest is Macron’s biggest challenge

  

  Bloomberg Emmanuel Macron swept aside France’s traditional parties to win the presidency. He tamed unions as he reformed the labour market and income tax, all without much mass protest. Now though, his presidency is being shaken by a grassroots movement with no real leadership. Organised through social media, the so-called yellow jackets have shut down key transport links at times ...

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• 25 November

  Taiwan vote: Tsai’s party suffers loss

  

  Bloomberg Taiwanese voters delivered President Tsai Ing-wen’s party a resounding defeat in local elections Saturday, ousting it from several key strongholds. Opposition Kuomintang candidates claimed victory in mayoral races in the major cities of Kaohsiung and Taichung as well as the governor positions in Yilan, Changhua and Yunlin counties, traditionally seen as bastions of support for Tsai’s Democratic Progressive Party. ...

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• 25 November

  Mexico should stop caravans, says Trump

  Bloomberg Donald Trump said Mexico would be “very smart” to stop groups of Central American migrants before they reached the southern US border, and again laid the blame for US immigration problems on Democrats. The president took to Twitter a day after reports that his administration has struck a deal with Mexico’s incoming government that would mean Washington could use ...

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• 25 November

  Fed primed for 2019 pause as growth, market volatility swirl

  

  Bloomberg Federal Reserve Chairman Jerome Powell and his colleagues are likely to turn more wary about marching interest rates higher after delivering a widely anticipated quarter percentage-point increase in December. Prospects for slowing global economic growth, fading US fiscal stimulus and volatile financial markets all argue for more caution once officials lift rates next month near or into neutral territory, ...

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• 25 November

  BOE may need to hike faster, says policymaker

  

  Bloomberg The Bank of England (BOE) may need to increase interest rates at a quicker pace than currently envisaged by markets, according to policy maker Michael Saunders. Spare capacity in the economy has been used up, and, assuming Brexit reaches a smooth conclusion, inflationary pressures will probably build somewhat faster than officials predicted in their latest projections, Saunders said in ...

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• 25 November

  India seeks talks with RBI on governance

  

  Bloomberg India’s government wants to discuss changes to the Reserve Bank of India’s governance structure at a board meeting next month, including setting up some oversight panels, Economic Secretary Subhash Chandra Garg told ET Now. Garg, who is a government nominee for the RBI board, told another television channel CNBC-TV18 that the administration will ask for more interim dividends from ...

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• 25 November

  Bank of Italy warns of low growth, public debt risks

  

  Bloomberg Italy’s central bank warned that low growth and high public debt pose the greatest risks to financial stability, while further sovereign bond market tensions would hurt banks’ capital and the solvency position of insurers. In its Financial Stability Report, the Bank of Italy outlines risks arising from uncertainty about the economic and fiscal policy in the country, which led ...

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