Bloomberg Sudanese pro-democracy protesters maintained their sit-in at army headquarters to demand civilian rule, as soldiers quashed attempts by mystery gunmen to disperse the long-running demonstration that helped oust President Omar al-Bashir. Gunfire rocked one side of the sprawling protest site in the capital, Khartoum, and witnesses said they saw troops apprehend a small group of masked men with firearms. ...
Read More »Congo leader pledges to join US war against IS
Bloomberg The Democratic Republic of Congo will join the global fight against IS, which President Felix Tshisekedi said poses a threat to his country. Tshisekedi stressed links between the extremist group and the Allied Democratic Forces, a shadowy militia that has operated in Congo since the 1990s, during a visit to Washington. Little is known about the ADF and analysts ...
Read More »Suicides, drought plague ‘angriest’ state in India
Bloomberg In India’s richest state, Maruti Bhosle roamed the parched fields surrounding his one-room tin hut before taking his life. The farmer left behind a wife, a daughter and $2,160 rupees of debt borrowed at a 60 percent interest rate. The story is eerily repeated in many villages in Beed district, which sits a few hours’ drive from India’s financial ...
Read More »Why does Trump want to turn America Japanese?
Asia expert Ezra Vogel published his influential book “Japan as Number One†40 years ago. At the time, he argued that the US needed to adopt aspects of Japan’s supposedly superior economic system if it wanted to compete with the East Asian powerhouse. Policymakers in Washington were wise to ignore him. While Japan sank into a financial crisis and three ...
Read More »Fed must fight next recession now
Almost 10 years after the Great Recession ended, the growing threat of a new economic slowdown raises a troubling question: When the next recession strikes, what can the world’s central banks do? With interest rates low and their balance sheets still loaded with assets bought to fight the 2008 crisis, do they have the tools to respond? The US economy ...
Read More »Notre Dame fire unites Paris, world in dismay
Grief is not too strong a word for the emotion that hundreds of millions of people around the world felt as they saw the Cathedral of Notre Dame in flames. It wasn’t just that one of Europe’s most beloved buildings was burning, terrible as that was to watch; it was knowing how much this astonishing creation has meant to Parisians, ...
Read More »Indonesia’s next leader can’t afford to shun China
Nationalism has been a feature of political discourse in Indonesia since the republic’s inception after World War II. It’s taken on more of an edge since the Asian Financial Crisis and return to democracy. Now, in every election, candidates compete to trumpet their economic patriotism. In the current campaign, challenger Prabowo Subianto has gone further and accused elites of selling ...
Read More »What Jet Airways near collapse says about India
It looks like Jet Airways Ltd.’s luck has finally run out. India’s oldest privately owned airline is on the verge of shutting down all its flights — it already has perhaps fewer than 10 aircraft active — because it simply doesn’t have enough working capital. It’s more than a billion dollars in debt and has lost money for the last ...
Read More »Targets of Citigroup are easy to question
Citigroup Inc. executives appear optimistic about the momentum they see across the firm’s businesses, from branded credit cards to M&A and treasury services. Whether the modest revenue expansion they expect for this year will enable the US bank to get closer to its financial targets is another question. The bank’s new CFO, Mark Mason, presented his first set of earnings ...
Read More »Why is Zuckerberg relaxed about UK speech rules?
Britain’s plans to regulate online content have triggered an unsurprising furore about censorship. But that’s largely fine with the technology giants – because it distracts attention from a bigger problem that goes to the heart of their business model. The white paper on online harms is an effort to curb the online spread of dangerous content, such as incitement to ...
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