WHEN an emerging market loses favour with its creditors, how should its government respond? The policy prescriptions do not typically include intimidating the central bank, railing against the “interest-rate lobby”, falling out with allies, eschewing the IMF’s help, pouring scorn on the dollar or appointing the president’s son-in-law as finance minister. Turkey has done all…
Sign up for the latest Russia investigation updates here» Lawyers for President Donald Trump's former campaign chairman Paul Manafort have resumed talks with the special counsel Robert Mueller's team about a possible plea deal ahead of Manafort's second trial in Washington, DC. Bloomberg reported that the discussions centered around which charges Manafort would potentially plead…
In a speech in April, when he was still White House policy chief for Latin America, Mr. Cruz issued a message to the Venezuelan military. Referring to Mr. Maduro as a “madman,” Mr. Cruz said all Venezuelans should “urge the military to respect the oath they took to perform their functions. Honor your oath.” As…
Volkswagen AG’s bill for cheating on diesel emissions could potentially top 30 billion euros ($35 billion) as a legal battle with thousands of investors heats up in the German carmaker’s own backyard. A court in the town of Braunschweig, just over 20 miles from VW’s Wolfsburg headquarters, has scheduled a series of hearings starting on…
EVERY other Tuesday at Facebook, and every Friday at YouTube, executives convene to debate the latest problems with hate speech, misinformation and other disturbing content on their platforms, and decide what should be removed or left alone. In San Bruno, Susan Wojcicki, YouTube’s boss, personally oversees the exercise. In Menlo Park, lower-level execs run Facebook’s…
JPMorgan Chase CEO Jamie Dimon isn't shy about apportioning blame for a worse-than-possible economic recovery, saying it would have been twice as strong but for a collection of bad policies. "It was nine years, 20% growth; it should have been nine years, 40% growth," Dimon said in a late July interview with Business Insider. "What…
Verizon may still aspire to build its Oath digital ad unit into a titan to rival Facebook and Google, but it looks like it’s going to be without well-regarded leader Tim Armstrong. On Friday, reports said that the Oath CEO could depart the company as soon as next month. Armstrong, the former head of U.S.…
LOS ANGELES (Reuters) - A wildfire burned unchecked early on Friday in northern California, threatening homes and shutting down an interstate highway where motorists had to race from their vehicles. A helicopter drops water on a forest fire in Shasta County in California, U.S., September 5, 2018 in this picture obtained on September 6, 2018…
President Donald Trump jokingly said in a speech that if he ever gets impeached, it would be because his supporters "didn't go out to vote." Trump began on Thursday night by embellishing some of his economic achievements as he spoke at a campaign rally in Billings, Montana. "You look at the numbers at every category,…
WHEN historians gaze back at the early 21st century, they will identify two seismic shocks. The first was the terrorist attacks of September 11th 2001, the second the global financial crisis, which boiled over ten years ago this month with the collapse of Lehman Brothers. September 11th led to wars, Lehman’s bankruptcy to an economic…
