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  In the years since the 2008-09 financial crisis, cracks have appeared in the global hegemony of neoliberalism. The pressure to favour free markets and reject the social-welfare model has moderated somewhat. In the U.S., President Barack Obama succeeded in installing the first general health-insurance system in the country’s history. Thus Washington has moved closer toward the European welfare state ...

  Bloomberg The appetite of China’s wealthy to diversify from a weakening yuan is helping European finance companies boost capital to prepare for the next financial crisis. Global fund managers are urging caution. Since Aug. 1, seven issuers opened order books for their Basel III bond sales in Asian hours, raising $11.9 billion selling instruments that count as capital under ...

  Dubai / Reuters Qatar’s central bank is offering 3 billion riyals ($824 million) of government bonds in its second domestic bond sale this year, according to a circular seen by Reuters. The central bank only issued its first domestic bonds this year in August when it sold 4.6 billion riyals of conventional and Islamic government bonds. Bids for the ...

Bloomberg Danske Bank A/S named Jesper Nielsen its head of personal banking, as Denmark’s largest lender reshuffles its management after creating a $200 billion wealth management unit. Nielsen, 47, will be responsible for all of Danske’s personal customer business in the Nordic region from Oct. 1 , the Copenhagen-based bank said in a statement on Monday. Nielsen, who will also ...

  Bloomberg Deutsche Bank AG extended losses as analysts signaled that the German lender’s capital position will be eroded by mounting legal costs such as charges for a U.S. penalty tied to faulty securities. The shares fell as much as 2.6 percent in Frankfurt trading and were 0.9 percent lower as of 11:44 a.m., pushing the loss for this year ...

  Bloomberg Africa’s major economies are taking diverging approaches to monetary policy as they struggle to cope with volatile currencies, slumping growth and political meddling. Ghana, Kenya, Nigeria and South Africa are set to announce interest-rate decisions this week in an environment marked by accelerating price growth and an economic slump in some countries and attempts by politicians to prescribe ...

  Frankfurt / AFP The European Central Bank (ECB) must not allow low interest rates and monetary stimulus to last indefinitely, the head of Germany’s Bundesbank (central bank) said on Monday. “Under no circumstances can interest rates remain so low for longer than is absolutely necessary with regard to price stability,” Bundesbank president Jens Weidmann told a group of European ...

  Moscow / AFP Russia’s ruling United Russia party has won a record number of seats in parliamentary polls that could pave the way for President Vladimir Putin to glide to a fourth term in 2018 elections. With more than 98.3 percent of the ballots counted, United Russia had garnered 54.2 percent of the votes for parties, giving it a ...

  Kandahar / AFP A US air raid has killed eight Afghan policemen in the country’s volatile south, officials said on Monday, in the first apparent “friendly fire” incident since American forces were granted greater powers to strike at insurgents. The incident occurred on Sunday in the Tali area of Uruzgan province, where the Taliban recently attempted to overrun the capital ...

  Zagreb / AFP A former Serb paramilitary commander, extradited from Australia last year, will go on trial in Croatia on Tuesday charged with the torture and murder of civilians and prisoners of war in the 1990s. Dragan Vasiljkovic — or ‘Captain Dragan’ — was handed over by Canberra after almost a decade-long legal battle, becoming the first suspected war criminal ...