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Politics and Economies

No-deal Brexit would hit south-eastern European economies hardest among EBRD regions, says the European Bank for Reconstruction and Development (EBRD) in a surprising counter-point to the position espoused by the EU generally .

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German company Siemens and French company Alstom are facing immense competition, especially in developing markets, from China's state-backed CRRC. The plan is to create a new Joint Venture entity owned by both companies and to transfer their respective divisions into it. So, while it is being touted as a merger, it isn't and nor is it a take-over. However, the fact that it's neither of the usual methods of combining businesses doesn't mean that competition regulators won't look at it - and opposition is coming from an unlikely quarter.

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Janus was a Roman god: the one with two faces. California's Attorney General Xavier Becerra has those traits: on the one hand, he's all about consumer rights, the rights of the under-privileged including immigrants but on the other he's in favour of allowing unions to compel non-members to hand over part of their wages. The idea that oppression is oppression is oppression seems to have passed him by and it's a case called Janus v AFSCME, Council 31 and others that has compelled him to nail his colours to the mast. Government bad, socialist bullies good. His defiance of Federal law is well recognised but this is a case where all the...

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If the current state of affairs in Italian politics were to be in any other country, it would be a national, even regional and, perhaps even, global crisis. But it's not. In Italy politics is so bizarre that even a Gallic shrug, a Malaysian "it's Malaysia" or a Japanese polite turning away would be over-reactions.

Nigel Morris-Co...
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There are few things about Malaysia's Najib government that have caused as much anger amongst the populace as the introduction of the Goods and Services Tax ("GST") which is, in fact, a form of Value Added Tax. It was an election promise that Mahathir's coalition would repeal it and reinstate the old Sales Tax. Even during a press conference yesterday, before he was sworn in, Mahathir was asked to confirm that the promise would be kept and he did. Popular though such a policy would be, it is a horribly retrograde step that will cost the country, and businesses, dear. He should revise GST, which was not, in some detail, properly...

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In Kuala Lumpur, the capital of Malaysia, it was shortly after 5 a.m. on 10 May. The call for prayers from the mosques in the Pudu area of the city was unusually loud and sounded somehow lighter than usual. There were car horns blasting in the city's streets. Two hours later, all is quiet. There are the usual sounds of trains running, traffic passing and birds twittering as they hunt insects high above the ground. Monkeys chatter in the trees and today has become normal. Except it isn't.

Peter Lee
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Early on Saturday morning,in Setapek, one of Kuala Lumpur's most racially and religiously integrated suburbs, two men in dark, full face, helmets sat on a rare, high-powered, motorcycle for some twenty minutes. As Palestinian FADI Mohammad al Batsh, 35, passed by on his way from his home to lead dawn prayers in his role as imam, the man on the back of the bike shot him. Police reports say that he was shot four times with a high degree of accuracy: there were only two stray bullets found out of evidence that ten shots were fired. Two men nearby were not harmed. This was not a simple murder, the circumstances suggest.

Jefferson Galt
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It's the American dream: little lonely kid with only a handful of people who appear to like him talks with one or two of them and they come up with a geeky idea : let's put our college yearbook (a curiously American thing) into a database and let everyone in it tell everyone in it what they are doing, and let them read what everyone else is doing. Then, as the others, one by one, find out that the reason he's the little lonely kid is that he's a sociopathic egotistical self-absorbed autocrat, he ends up alone and somehow sitting on something that generates thousands of millions of dollars in share value. Then someone spills the...

Nigel Morris-Co...
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For those that can't be bothered to keep up with US President Trump's online twittering, there are various ways of getting just the gist of what he's up to. One of the most fun is to scan the last 11 or so months of headlines from The Economist. Here are the highlights of his Washington shenanigans. Foreign trade and foreign policy are, often, from another planet and we don't want to go there. Of course, it also allows us to relish the Economist's punny headlines and to ask a basic question: why is someone who is so in favour of the USA's pro-gun lobby so determined to shoot himself in the foot?

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For those that don't recognise the name, Elizabeth Warren is a US Senator representing the state of Massachusetts but she was born in Oklahoma. Warren is a member of the Democratic Party and has been dubbed "a progressive." She claims historical links to the Cherokee Indian tribal group and says she is part Cherokee. That's in doubt.

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