Traders More Worried by Liz Truss Than a Far-Right Win in Italy

Meloni’s party, Brothers of Italy, has its roots in the post-fascist movements of the late 20th century and Meloni herself has attacked the European Union, immigrants and LGBTQ rights on the campaign trail. When she spoke to her supporters gathered at a hotel in downtown Rome in the early hours of Monday however, she struck … Read more

Liz Truss’s Historic Gamble With the UK Economy Is Already Unraveling

That’s reference to the ill-fated 1972 budget drawn up by Kwarteng’s Tory predecessor Anthony Barber. Barber, like Kwarteng, delivered a massive package of unfunded tax cuts which, in his case, saw the economy overheat and inflation soar before collapsing into recession. Barber’s boss, Edward Heath, was defeated by the Labor opposition two years later, and … Read more

Trump Is Getting His 2020 Rematch With Biden — in 2022 Midterms

Biden has repeatedly hit Trump over his false claims the 2020 election was stolen and his effort to overturn his defeat, culminating in the Jan. 6 insurrection at the US Capitol. He delivered a Sept. 1 prime-time address from Philadelphia’s Independence Hall dedicated to the threat Biden believes Trump and his supporters still pose to … Read more

Pakistan Ex-PM Khan Faces Contempt Case, Court Rejects Regret

Since his ouster from office through a no-confidence vote in April, Khan has held massive public gatherings demanding that the government of Shehbaz Sharif dissolve parliament and hold fresh polls. At packed rallies, he has lashed out, not just at his rivals but also the judiciary and military.

Truss Says It’s Bank of England’s Job to Control Inflation

Liz Truss, UK foreign secretary, leaves the stage after speaking during a Conservative Party leadership hustings in Manchester, UK, on ​​Friday, Aug. 19, 2022. The job of picking the ruling Conservative Party leader and British prime minister falls to about 175,000 grassroots Tory party members.

Mikhail Gorbachev’s Failures Did Not Go Deep Enough

(Bloomberg Opinion) — Mikhail Gorbachev failed at everything he tried as the Soviet Union’s last leader. The state he led could only change the world for the better by failing — and it did. But, alas, not for long. I will never forget the moment in August 1991 when — at 19 years old, slightly … Read more

Ex-Myanmar Leader Suu Kyi Said to Get Six More Years in Prison

Three other senior officials, including deposed Naypyidaw mayor Myo Aung and his deputy Ye Min Oo, were sentenced to three years each in prison for the same charges, the person said. Major General Zaw Min Tun, lead spokesman of the ruling State Administration Council, did not immediately answer calls seeking comment on the ruling.

Charting The Global Economy: US Inflation Comes Off the Boil

Inflationary pressures in the US simmered down on the heels of cheaper gasoline and other fuel costs, which may help persuade the Federal Reserve to ease up a touch on the monetary policy brakes.