Law-breaking protesters must pay: China

Bloomberg China urged Hong Kong to punish demonstrators who break the law as thousands of teachers added their voices to the city’s growing protest movement and marched to the chief executive’s residence on Saturday. Protesters who have broken laws must be punished accordingly, You Wenze, spokesman for China’s National People’s Congress Foreign Affairs Committee, said in an interview with state ...

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Communists rally for fair poll in Moscow

Bloomberg The Russian Communist Party held a rally in central Moscow calling for honest and fair city council elections as the newly energised opposition planned to skip mass protests this weekend for the first time in five weeks. The rally started at noon Moscow time at Sakharov Avenue, the traditional spot for demonstrations, and senior party officials, politicians and State ...

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US businesses are stuck in trade war uncertainty

The tariff burden from the US-China trade conflict is “falling almost 100 percent on China,” President Donald Trump’s senior economic adviser Larry Kudlow argued last week. But take a look at what’s happening to business investment in the US, and it’s obvious Kudlow is wrong. Some businesses stand to gain from the president’s trade policy — especially those that compete ...

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Aussies, Kiwis belong to the same world

The term “Down Under” as a somehow blessed space separate from the realities of the rest of the world really ought to be banished, at least from discussions about economics. The direction of monetary policy in Australia and New Zealand is headed upside down after years of exceptionalism. As four central ba-nks across Asia reduced int- erest rates last week, ...

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China’s coal spending boom contrasts with industry slump

While China’s industrial sector crashes, one corner is booming. Oddly enough, it’s probably bad news for participants. Fixed-asset investment in mining increased 27.4 percent from a year earlier in July, continuing an extraordinary run this year that puts growth at the fastest pace in a decade. One commodity is likely to have dominated: Investments in mining and preparing coal have ...

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Green Republicans should support a carbon tax

Rather unexpectedly, Republicans have become a minor font of ideas on fighting climate change. There’s been talk of clean-energy tax credits, a boost to carbon-capture technology, a renewed push for nuclear power, even a new “Roosevelt Conservation Caucus” dedicated to green issues. Above all, they say, the fight against climate change must take advantage of American innovation. That’s no doubt ...

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Some UK companies are fine about no-deal Brexit

Is your company immune to Brexit? With the looming threat of the UK leaving the EU without a withdrawal deal and a slim but rising risk of the pound plunging to parity with the dollar, more chief executives are telling investors they can handle any eventuality — however messy. Unfortunately, having a fully fleshed out Brexit contingency plan is a ...

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Switzerland is being held captive by its big neighbour

Switzerland is one of the richest places on the planet but it isn’t all sunshine and alpine flowers when you’re encircled by the world’s biggest trading bloc: the European Union. While the Swiss are pretty nimble in managing this unfortunate state of affairs, there are limits to what they can do. Take currency. The Swiss National Bank is facing the ...

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The Federal Reserve needs a radical new approach

In the past couple of months, the flaws in the Federal Reserve’s management of the economy have become hard to ignore. The central bank’s current way of doing things is increasingly self-defeating. To its credit, the Fed seems to realise this and is conducting a broad review of its goals and methods. It would be a pity if this process ...

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Facebook paying to transcribe users’ audio chats

Bloomberg Facebook Inc has been paying hundreds of outside contractors to transcribe clips of audio from users of its services, according to people with knowledge of the work. The work has rattled the contract employees, who are not told where the audio was recorded or how it was obtained — only to transcribe it, said the people, who requested anonymity ...

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