N.Z.’s Ardern Secures Green Party Support for New Government

In this article New Zealand Prime Minister Jacinda Ardern has secured the backing of the Green Party for her next term of government. Ardern announced Saturday that her Labour Party entered a cooperation agreement with the Greens that gives the smaller party two ministerial posts outside cabinet in return for its support on matters of […]

UK borrowing on course to exceed £1bn a day but markets unperturbed

Halfway through the 2020-21 financial year the question is not whether the UK deficit is on course for a peacetime high but by just how much the previous record will be broken. By some distance, is the answer. The bare figures are as follows. In September alone the government ran a deficit of £36bn, a […]

U.K. Plans New Law to Undo Foreign Deals on Security Grounds

Boris Johnson’s government is drawing up plans for a radical new law that would give ministers power to unravel foreign investments in U.K. companies — potentially casting major doubt on deals that have already been concluded — to stop hostile states gaining control over key assets. The National Security and Investment Bill is in the […]

Record Virus Cases in Europe Spark Political Clash in Spain

Mounting pressure on European leaders to contain the resurgent coronavirus pandemic boiled over in Spain as the region reemerges as a global hotspot. With Spain again the worst-hit country in Europe, tensions erupted into a public spat with Prime Minister Pedro Sanchez’s government urging local Madrid officials to lock down the entire city. The proposal […]

House Passes Stopgap Funding Measure to Keep Government Open

In this article The U.S. House passed a stopgap funding bill to keep the government operating through Dec. 11 after both parties in Congress and officials at the White House struck a deal to provide aid to farmers and food assistance for low-income families. The 359-57 vote on Tuesday night now sends the temporary spending […]

U.K. Faces ‘Tipping Point’ in Battle to Stop Spread of Virus

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. U.K. Health Secretary Matt Hancock warned that national restrictions could be reimposed unless the recent spike in coronavirus infections is brought under control. Speaking on Sky TV’s “Sophy Ridge […]

New Zealand Opposition Leader Slams ‘Dithering’ Labour Government

New Zealand’s main opposition National Party launched its election campaign, accusing the Labour Party-led government of making mistakes in its coronavirus response and failing to deliver on policy promises. “You do not want to find yourself in the middle of next year, having just lost your job, relying on a bunch of people with a […]

Africa’s Diamond Capital Invests in a Futuristic Innovation Hub

In this article Africa has seen the ruin that resource riches can bring. In cities like Luanda in Angola and the South African metropolis of Johannesburg, glimmering corporate headquarters are often surrounded by shantytowns; sometimes the office towers themselves are abandoned once the commodities run out. The nation of Botswana is trying not to fall […]

Japanese Banks Expect Digital Shift to Accelerate Under Suga

Japanese banks expect the government’s efforts to deregulate and digitize the economy will gain momentum under the new administration led by Prime Minister Yoshihide Suga. “I have high expectations for the government’s digitalization drive,” Kanetsugu Mike, chairman of the Japanese Bankers Association, told reporters on Thursday. A regulatory overhaul will give households more impetus to […]

Clouds Gather Over U.K. Nuclear as Another Project Fails

The cancellation of a British nuclear project heaped yet more pressure on the government to find a way to build the low-carbon power source that’s seen as a crucial part of the nation’s future energy mix. Hitachi Ltd.’s decision to pull the plug on its long planned Wylfa project leaves Electricite de France SA alone […]