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Since its founding in 1857, The Atlantic has been a fundamentally American magazine. It was launched by leading lights of American literature: Ralph Waldo Emerson, Henry Wadsworth Longfellow and Oliver Wendell Holmes. Nathaniel Hawthorne reported for the magazine from Civil War battlefields. President Abraham Lincoln once said that a favorable article in the magazine could save him seven or eight battles in the Civil War. But soon, […]

Tuesday 08:45 GMT What you need to know ● Markets recovering their poise after “Trump trade” wobble● S&P 500 futures higher and helping European to open on the front foot ● Energy stocks underpinning bourses as oil prices gain ground● Dollar steadies after sliding to four-month lows, Treasury yields nudge up● Gold prices ease back as haven flows dwindle——————- Hot topic Investors are rediscovering their risk appetite […]

A year since the leak of some 11 million documents from Mossack Fonseca, the owners of the vast wealth hidden away by the Panamanian law firm appear safe from everything but embarrassment. The founders of the law firm were less fortunate. Juergen Mossack and his colleague Ramon Fonseca, were arrested in Panama City in February in connection with Brazil’s sprawling car wash corruption scandal. The investigation is […]

MANILA, Philippines — The European Union on Monday summoned a Philippine envoy to explain an expletive-laden tirade by President Rodrigo Duterte, who threatened to hang EU officials for opposing his efforts to re-impose the death penalty. The EU’s external action service, the equivalent of a foreign office, said it hauled Charge d’Affaires Alan Deniega in to its Brussels headquarters to provide “an explanation for the recent, unacceptable comments […]

By Alberto Alerigi | SAO PAULO SAO PAULO Brazil’s Agriculture Ministry said on Monday it ordered three more food processing facilities to suspend production amid an investigation into alleged corruption of inspectors and unsanitary conditions in the world’s biggest meat producer. That brings to six the number of food processing plants that have been ordered temporarily closed by Brazilian authorities. A total of 21 plants are included […]

European governments and related organisations have ramped up their sales of new debt this year, in the latest sign of bond markets bracing for rises in interest rates and an increase in political risks. Overall borrowing from eurozone sovereigns, local authorities, agencies and supranationals such as the European Investment Bank is currently at €210bn — the highest year-to-date amount since 2012, Dealogic data show, and the second-highest […]

By Joe Kirwin The European Parliament’s special Panama Papers investigative committee concluded its four-day “fact-finding” visit to the U.S. with its chairman calling on the U.S. to close its tax loopholes. In a March 24 telephone interview at the conclusion of the U.S. visit, the committee‘s chairman, German lawmaker Werner Langen, told Bloomberg BNA that EU members “have made appeals to the U.S. federal government and Delaware […]

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Peruvian ceviche is the new sushi, according to Sanjay Dwivedi, the executive chef at Coya, which has venues in London, Miami, Dubai and, as of last week, at The Galleria in Abu Dhabi. Coya’s debut in the capital marks the latest in a long list of South American-inspired eateries to have popped up in the UAE in recent months – from Pollo Pollo and Lima to Inka. […]

March 27, 2017 by: Roger Blitz in London and Eric Platt and Robin Wigglesworth in New York Financial markets shuddered on Monday as investors absorbed the collapse of US healthcare reform last week, with some fearing pro-growth policies like tax reform could be stymied by government inaction and a Republican party in disarray. Global stocks retreated, US banks slid into correction and the dollar index fell to […]

WASHINGTON The Senate Intelligence Committee is seeking to interview President Donald Trump’s son-in-law, Jared Kushner, as part of its investigation into ties between Trump associates and Russian officials, a congressional official said on Monday. The official, speaking on condition of anonymity, confirmed a New York Times report that the panel wants to question Kushner. The official said the committee will make an announcement later in the day. […]

By John O’Donnell | FRANKFURT FRANKFURT London has seen its standing as a financial center slip as Britain prepares to trigger its departure from the European Union, according to a survey released on Monday, although rival European cities still lag far behind. The Z/Yen global financial centers index (GFCI), which ranks 88 financial centers, still puts London in first place, followed by New York and three cities […]

Defendants may find themselves taken into custody if they travel abroad. Their assets could be seized in other countries. Continue reading the main story “It starts a process of accountability,” said Stephen J. Rapp, former United States ambassador at large for the Office of Global Criminal Justice and now a nonresident fellow at The Hague Institute for Global Justice, who helped to file the case. “We could […]

The US stock market’s shifting reaction to the inability of Donald Trump and the House of Representatives to repeal Obamacare belies the much bigger question the failure raises for Wall Street: can this administration steer corporate tax cuts through Congress? This matters because the expectation that American companies will enjoy smaller tax bills has helped fan a 10 per cent gain for the S&P 500 since the […]

MOSCOW The Kremlin on Monday rejected calls by the United States and the European Union to release opposition protesters detained during what it said were illegal demonstrations on Sunday and accused organisers of paying teenagers to attend. Police detained hundreds of protesters across Russia on Sunday, including opposition leader Alexei Navalny, after thousands took to the streets to demonstrate against corruption and demand the resignation of Prime […]

LONDON A stronger-than-anticipated economic recovery, the return of inflation and the region’s financial sector in a “sweet spot” has spurred Morgan Stanley to lift its earnings forecasts and targets for European benchmark indexes. The U.S. bank now sees earnings per share growth for 2017 coming in at 16 percent for the MSCI Europe with the index rising as much as 8 percent over the next 12 months. […]

In July 2011 an unusual fascination had gripped some members of New York’s financial community. Walk into a Manhattan office expecting to discuss the US stock market with an investor who exclusively backed equity hedge funds, and they instead had Italian government debt on the brain. Selling short bonds of the eurozone’s third-largest economy had become so popular that non-debt specialists had started to notice, and rising […]

A couple of weeks ago we wrote several notes about German Chancellor Angela Merkel’s painfully awkward visit to the White House.  After meeting in private, the pair sat down in the oval office for a brief press conference where you could cut the tension with a knife.  At one point someone from the media asked for a handshake but the request was promptly ignored. “Can we get […]

Angela Merkel gained a surprise boost to her hopes of retaining power in September’s German parliamentary vote when her Christian Democrat party confounded pollsters with a big victory in a closely watched regional election. Her main challenger, the new Social Democrat leader Martin Schulz, suffered his first serious setback as the SPD failed to turn recent opinion poll gains into electoral success in the gritty industrial region of […]

PARIS French presidential candidate Marine Le Pen sought on Sunday to reassure voters concerned over her plans to withdraw the country from the euro zone, saying it “wouldn’t be chaos” and she would seek “well-prepared” talks with other European Union countries. Opinion polls show the anti-EU, anti-immigrant National Front (FN) leader qualifying for the April 23 first round of the presidential election but losing the May 7 […]

By Tsvetelia Tsolova and Angel Krasimirov | SOFIA SOFIA Bulgarians were voting in a snap general election on Sunday, with the centre-right GERB party challenged for power by Socialists who say they will improve ties with Russia even if it means upsetting the country’s European Union partners. Many Bulgarians feel a strong cultural affinity for Russia, with which they share the Cyrillic script and Orthodox Christianity and […]

It was a bumper day for John McCain when on Friday Donald Trump’s Republican nemesis gloated as Trump’s “art of the deal” collapsed in the last minute, after the President and Ryan-led effort to repeal Obamacare suffered what appears to be a terminal setback. In the wake of Trump’s misfortune, McCain renewed his calls on Friday for a return to a legacy neocon status quo, when speaking […]

By Alastair Macdonald and Jan Strupczewski | ROME ROME Europeans must contain their squabbling and carping about the EU if the Union is to survive, leaders warned on Saturday as they marked the 60th anniversary of its founding in Rome by signing a formal declaration of unity. Four days before Prime Minister Theresa May, absent from the ceremony in the Italian capital, delivers an unprecedented blow to […]

ANKARA Turkey’s foreign ministry summoned Switzerland’s deputy ambassador to Ankara on Saturday over a protest in the Swiss capital Bern against President Tayyip Erdogan, the state-run Anadolu agency reported, Anadolu said some 250 people, including supporters of the outlawed Kurdistan Workers Party (PKK), staged a rally earlier on Saturday in Bern calling for a ‘No’ vote in an April referendum in Turkey that could give Erdogan sweeping […]

SINDELFINGEN, Germany German Finance Minister Wolfgang Schaeuble, a key figure in Berlin’s handling of the euro zone crisis and Greece’s bailout programmes, won a ringing endorsement from his conservative party on Saturday to stand in September’s federal election. With 95 percent support, 74-year-old Schaeuble secured first place on the conservative Christian Democrats’ (CDU) list of candidates in the southwestern state of Baden-Wuerttemberg for the federal election to […]

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