China’s rise is unstoppable: Xi

Bloomberg President Xi Jinping presided over a grand display of China’s strength in Beijing — declaring that no force could stop the country’s rise — even as concerns grew over the condition of the first protester shot in Hong Kong after almost four months of unrest. Speaking at the start of a massive parade marking 70 years since the founding ...

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Trump demand for whistleblower’s identity roils inquiry

Bloomberg President Donald Trump and his Republican allies are dialing up pressure to unmask the Ukraine whistleblower in a breathtaking departure from how allegations of corruption and waste have been handled by both parties for years. The push to identify the anonymous intelligence official risks deterring future whistle-blowers from coming forward — particularly in the House Democrats’ current impeachment inquiry ...

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US, North Korea to resume stalled nuclear talks this week

Bloomberg The US and North Korea agreed to resume working-level talks within the next week, a move that could break a deadlock in discussions aimed at ending Pyongyang’s nuclear ambitions. “I can confirm that US and DPRK officials plan to meet within the next week,” State Department spokeswoman Morgan Ortagus said. “I do not have further details to share on ...

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Johnson confronts moment of truth for Brexit

Bloomberg British PM Boris Johnson is facing the moment of truth for his Brexit strategy as he prepares to present his blueprint for a deal to the European Union in days. The reception his plan receives in Brussels and among pro-Brexit members of his ruling Conservative Party will determine whether there is any hope of securing an orderly exit for ...

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Brazil’s Lula refuses to swap jail for house arrest

Bloomberg Brazil’s former President Luiz Inacio Lula da Silva has rejected prosecutors’ request that he leave prison for house arrest, setting up a potential clash with judges over his sentence for corruption and money-laundering. “I won’t swap my dignity for my freedom,” Lula said in a hand-written letter posted on his Twitter account. He added that prosecutors should apologise to ...

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The best antidote for a bad election is a better election

If Donald Trump were to tweet that 9 is a prime number, that Minneapolis is in Idaho, and that the sun revolves around the Earth — “Make Earth Great Again!” — would even five Republican senators publicly disagree with even one of the tweets? This matters in assessing the wisdom of beginning an impeachment process against the president. If every ...

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ECB moves closer to all-out war

It’s all kicking off at the European Central Bank (ECB). Sabine Lautenschlaeger, the executive board member from Germany, is to resign at the end of October, slightly more than two years before the end of her mandate. Her exact motives are unknown, but they add to a sense of chaos at the central bank barely a month before a crucial ...

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A promotion for one of Trump’s punching bags?

Jeff Zucker, the president of cable-news network CNN, is reportedly considered AT&T Inc.’s top internal candidate to become CEO of the entire WarnerMedia division. I can imagine what Donald Trump would make of this news. How should investors take it? WarnerMedia houses CNN, HBO, Warner Bros. and other media properties that made up the former Time Warner Inc., which AT&T ...

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China’s wealth fund dives into a crowded pool

The world’s second-largest sovereign wealth fund is playing a dangerous game. China Investment Corp. aims to have as much of 50% of its portfolio in alternative assets by the end of 2022. That means the $941 billion fund is diving deeper into illiquid investments including real estate, infrastructure, hedge funds and private equity just as such trades are becoming increasingly ...

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Carbon taxes alone won’t slow global warming

With crowds taking to the streets to call for action on climate change and activists haranguing the United Nations, the issue of global warming is once again front and center. The equivocation of former years seems belatedly to be giving way to a general realisation that something must be done. The effort will be sweeping and global, and starting now ...

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