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  Bloomberg The real strengthened as traders kept close watch on the U.S. Federal Reserve for signs regarding the timing and pace of interest rate hikes that could reduce the appetite for Brazil’s world-beating carry trade. The currency appreciated 0.5 percent to 3.2431 per dollar at 9:31 a.m. in Sao Paulo. One-month implied volatility on the real dropped for the ...

  Copenhagen / AFP After a lacklustre recovery from the 2008 financial crisis, Denmark’s central bank has warned that the labour market faces a squeeze as unemployment falls, the population ages and young people shun vocational jobs. At Technical Education Copenhagen, traineeships for another 20 to 30 lorry drivers could probably have been found if only people were interested in ...

  Technology has put powerful computers in billions of pockets, but an invention much more mundane than the smartphone — the shipping container: a rectangular steel box — also has changed the world. Because of it, two of today’s preoccupations — infrastructure and globalization — are connected by a chain of events that began more than 60 years ago and ...

  Many people seem to expect Chancellor Angela Merkel to apologize. Her party, the Christian Democratic Union, keeps underperforming in regional elections. Most recently, the CDU took a drubbing in parliamentary elections in Berlin on Sept. 18. The reason: the backlash against the kindness Merkel showed toward refugees last year. There have been five defeats this year, in every state ...

  In publishing new guidelines for automated vehicles this week, the U.S. Transportation Department tacitly acknowledged two important truths: This technology will probably be great. And no one knows what will happen. The regulators took a restrained approach, offering a safety checklist for manufacturers and better guidance for state officials but stopping short of issuing restrictive new rules. That’s prudent: ...

  Bank of Japan (BoJ) comprehensively reviewed the sustainability of a series of daring policy decisions that it had taken since January at its meeting on Tuesday and Wednesday. The mellowed central bank weighed the effectiveness of these decisions and unveiled a massive overhaul of monetary policy. The latest steps to commit itself to stoking inflation over the longer term ...

  Until a few years ago, Africa Rising was a dominant theme in conversations about the global economy. That enthusiasm has since cooled, so that in newsrooms and think tanks and conference panels, “Africa Rising!” has given way to a more questioning “Africa Rising?” While some of that pessimism may be justified, we do not have the luxury of distracting ...

  Last Wednesday was a historic day for behavioral science. The White House released the annual report of its Social and Behavioral Sciences Team. The U.K.’s Behavioural Insights Team released its own annual report on the same day. With the recent creation of similar teams in Australia, Germany, the Netherlands and Qatar, the two reports deserve careful attention. Outlining dozens ...

  Let’s be honest. The world would be a better place if a revolutionary tribunal in the near future sent North Korea’s Kim Jong-un and his henchmen to the gallows. Kim’s subjects are so malnourished that North Koreans are notably shorter than their South Korean cousins. The state’s gulags are so large, you can see them from space. Survivors of ...

  Bloomberg An India ministerial panel is said to have approved the purchase of 36 new fighter jets made by France’s Dassault Aviation SA, concluding a major step in its decade-long quest to modernize the country’s air force. The Cabinet Committee on Security, which includes the prime minister, defense, foreign and finance ministers, has cleared the deal worth 8 billion ...