It is expected that some Chinese local government officials may still try to fight bureaucracy with bureaucracy. For instance, when inspectors come, the officials will list how many meetings they have held, how many documents they have released and how many reports they have written to the cause.
When it comes to the fight against climate change, the conversation has focused nearly exclusively on how to bring down levels of one element — carbon. But what role will the metals and the mining industry play in the drive to realize a low-carbon future? As it turns out, one larger than we might think.
American president Donald Trump reportedly disparaged immigrants from Africa, El Salvador and Haiti on Thursday, asking his advisors, “Why are we having all these people from shithole countries come here?” Trump then suggested that the United States should bring more people from countries like Norway, whose prime minister he met a day earlier.
Gold’s recent winning streak was the mirror image of a weakening US dollar. Julius Baer’s analysts still see upside for the US dollar, resulting from accelerating growth and rising interest rates, which should weigh on gold over the coming months. These rate cycle headwinds should however fade as the year progresses, opening up medium- to longer-term bottom-fishing opportunities.
Western democracies are inevitably prone to mounting national debts, as voting populations want government services or handouts, but do not want to pay for them.
Caixin | The banking regulator has recently announced its punishment for a number of banks involved in illicit practices in 2017, imposing record fines totaling more than 2 billion yuan ($308 million).
If Jerome Powell is “sold” on the idea that he has to restrain an economy that is “too vibrant”, the outcome will be “disaster”.
Japan’s Prime Minister, Shinzo Abe, called a snap election on Monday, cashing in on the increase in popular support for his hard line against North Korea’s ballistic missile programme.
Unfortunately, the stakes are being upped in this strange and perverse game between Trump and Pyongyang, with increasing possibilities of China becoming involved. A war with North Korea cannot be ruled out.