Bonds
How Taiwan conquered US politics — and showed Europe how it’s done
The island democracy off the coast of China has wooed friends in every U.S. faction and region — and that’s its greatest source of strength and protection.
Surging Le Pen threatens Macron’s European defense dreams
US political uncertainty crashes central bank retreat in Portugal
Investors too confused by French election to panic — yet
The dirty little secret no politician will admit: There is no way to ‘go for growth’
How French financial chaos could end Meloni’s market honeymoon
Bardella revives market unease with pledge to claw back billions from EU
Macron’s wager puts France’s economy in peril
The rise of the far right is sending tremors through financial markets and could push French debt deeper into the danger zone.
Nigel Farage eyes debanking revenge with plan to hit bank profits
Reform UK thinks they can raise up to £40 billion to fund tax cuts by treating banks’ QE reserves differently.
Biden in Normandy says he prays Americans don’t become isolationists
In the first of his two addresses in France, Biden makes the case for international alliances.
‘Dire’ Ukraine situation has Denmark mulling mega shift on EU defense bonds
In addition to military situation, Foreign Minister Rasmussen says no guarantee recent U.S. package for Kyiv won’t be the last.
Tory MPs urge Hunt: Break the Bank of England’s QT doom loop
MPs are chafing at the cost of quantitative tightening.
Britain’s next financial crash is coming. This time it won’t be the banks.
Since the 2008 global financial crisis, regulators fear that the part of the financial system that sits outside of banks has absorbed all the risk.
Has the EU really just found €400B it could spend on defense?
Europe’s rescue fund has nothing left to rescue. It could now become governments’ silver bullet for military investment instead.
Scholz and Macron to hold secret dinner in Paris ahead of Xi’s visit
The meeting comes days ahead of Chinese leader’s trip to France and tensions over potential EU car tariffs
Liz Truss hates the Bank of England boss. That might just save him
Dubbed the “plank of England” by one newspaper, Andrew Bailey hasn’t always been the most popular figure — but, perversely, criticism from Truss has helped.
Londongrad forever? Why the UK may never seize Russian assets
Pledges to take Russian money to help Ukraine face a litany of legal and tactical quandaries.
Euro plunges, eyes parity with dollar after Lagarde’s go-it-alone pledge
The currency weakened as the ECB signals it plans start cutting rates before the Fed.
Once humiliated by inflation, the ECB is now saying it was right all along
The battle for the narrative has swung again, now that prices are (nearly) behaving themselves.
UK’s Cameron tells Europe: Pressure House Speaker Johnson on Ukraine
European foreign ministers have ‘a real role to play’ in lobbying the senior U.S. Republican, Britain’s top diplomat says.
Donald Tusk risks ECB brawl after move to put Polish bank boss on trial
Poland’s coalition is trying to rid public institutions of the former right-wing Law and Justice government’s influence.
Look away: The ECB is about to change its rules of engagement
But it would rather markets didn’t confuse the new structures with monetary policy.
Italian banks brace for an uncertain future after a bumper year
The canary in Europe’s financial coal mine is still singing lustily, but there’s a whiff of something nasty in the pit.
Bundesbank sees years of losses ahead, but thinks the worst is over
The German central bank’s provisions were all but wiped out by a €21.6B loss last year.
Even the Bank of England is giving in to the banks
Lenders on either side of the Atlantic have been campaigning hard against incoming standards
ECB slides to €1.3B net loss in 2023
The central bank stressed that the loss “has no impact on its ability to conduct effective monetary policy.”
Brexit’s latest twist: Britain pushes the EU to increase red tape
The City of London was supposed to have been set free by Britain’s departure from the EU. That’s not how it’s turning out.
What to know about Trump’s massive court judgments
He’s now on the hook for nearly a half-billion dollars across three civil cases. These are the rules for when and how he must pay.
Ukraine’s funding gap — by the numbers
A ballooning defense budget and dwindling international aid could push Ukraine’s war-torn economy to the brink.
A quiet revolution rocks central banking
It’s called ‘pre-positioning.’ Remember the word; it’s going to be important.