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Bloomberg Support for Italy’s anti-migrant League continues to rise and it’s now close to giving the party a potential Parliamentary majority if the country were to vote again. A new SWG poll aired by La7 television found that support for Matteo Salvini’s party rose to a record 38 percent, and very close to the 40 percent seen by analysts as ...

Bloomberg The Spanish parliament will vote July 23 on Pedro Sanchez’s bid to lead a new government as he attempts to break the deadlock caused by the inconclusive result of April’s general election. Sanchez, Spain’s acting prime minister, telephoned Parliament Speaker Meritxell Batet and they agreed to start the investiture debate, she said in a briefing. Should Sanchez fail to ...

Bloomberg Iraq moved to curtail the power of Iran-backed militias by putting them under the formal command of the military, in an apparent attempt to limit the country’s exposure to an escalating showdown between the Islamic Republic and the US. The Popular Mobilization Forces, an umbrella group of militias founded to fight IS militants, are now “an inseparable part” of ...

Bloomberg Jeremy Hunt said he would “100% not” suspend parliament to force through a no-deal Brexit, drawing a dividing line with Boris Johnson as the two men entered the last days of campaigning before Tory activists start voting for the UK’s next prime minister. Hunt’s commitment — a direct challenge to Johnson — helped win the backing of former Foreign ...

Bloomberg President Rodrigo Duterte’s eldest child Paolo Duterte said he may join the race to head the Philippines’ House of Representatives. “The House is divided. I might be able to help unite it,” Paolo, first district representative in Davao, said in a statement released on Facebook. The president’s son and former Davao vice mayor is proposing that three lawmakers from ...

While any global meeting that involves Donald Trump has the capacity to surprise, one thing was virtually certain about the weekend’s G-20 summit in Osaka, Japan: The gathered leaders issued a pious call to work together to shore up growth, trade and the global financial system. The challenge they face is much bigger than that, however. And good intentions aren’t ...

Sellers of euro-denominated corporate bo-nds had their best fund-raising month for three years in June, topping off their best six months since 2012. Some 210 billion euros ($238 billion) in new company debt was snaffled up by investors between January and June, 21 percent higher than the same period last year. Conditions are rarely better than this for company borrowers ...

For the past year and a half, the US Federal Reserve has been paring down the multi-trillion-dollar portfolio of securities it purchased to support the recovery from the 2008 financial crisis. Now, Chairman Jerome Powell has suggested that the Fed might end this “quantitative tightening.” I think that would be a bad idea. When the Fed announced its last monetary-policy ...

Relief that Presidents Donald Trump and Xi Jinping came to a trade truce will likely be short-lived. That’s because the two men have less command over the forces shaping global commerce than they might like to think. The decline of trade and manufacturing began in the aftermath of the global financial crisis, long before either leader came to power or ...

Employment is no doubt the best indicator of the recession I’ve been forecasting. The recent deceleration in US jobs growth suggest that the business downturn may already be underway. In terms of timeliness, payroll employment is superior among major economic statistics since it is monthly, not quarterly, and reported early, generally on first Friday of the month for data covering ...