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UK lawmakers reject Brexit deal for third time

London, United Kingdom | AFP | British MPs on Friday rejected Prime Minister Theresa May’s EU divorce deal for a third time, opening the way for a long delay to Brexit — or a chaotic “no deal” withdrawal in two weeks. The pound slipped as lawmakers defied May’s plea to end …

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UK identifies fresh Huawei risks to telecom networks

London, United Kingdom | AFP | Britain has identified “significant” issues in Huawei’s engineering processes that pose “new risks” for the nation’s telecommunications, a government report found Thursday amid lingering global suspicion over the Chinese technology giant. “Further significant technical issues have been identified in Huawei’s engineering processes, leading to new …

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Modern monetary realism

MMT is essentially a description of how money is created and destroyed by governments and by banks Project Syndicate, 2019 | JAMES K. GALBRAITH | Is Modern Monetary Theory (MMT) a potential boon to economic policymakers, or, as Harvard’s Kenneth Rogoff recently argued, a threat to “the entire global financial system” …

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Venezuela: Maduro regime strips Guaido of public office

Caracas, Venezuela | AFP | Venezuela’s auditor general’s office announced Thursday it has stripped opposition leader and speaker of congress Juan Guaido of the right to hold public office for 15 years. The move, announced by Auditor General Elvis Amoroso on state television, marked another effort by President Nicolas Maduro’s regime …

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WTO confirms US failed to fully comply over Boeing subsidies

Geneva, Switzerland | AFP | The World Trade Organization confirmed Thursday that Washington failed to fully comply with a 2012 order to halt subsidies to Boeing, marking a partial victory for rival aircraft maker Airbus and the EU. The ruling from the WTO appeals body was the latest blow in the decade-long clash between the …

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Britain’s May seeks third Brexit vote Friday

  London, United Kingdom | AFP | The British government said it intended to bring back Prime Minister Theresa May’s Brexit deal for a third vote in parliament on Friday to avoid a chaotic no-deal divorce from the EU. May’s throw of the dice comes a day after her dramatic pledge …

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How US is pushing Maduro’s envoys off international bodies

Caracas, Venezuela | AFP | Venezuelan President Nicolas Maduro is being squeezed internationally as the United States pressures key multilateral bodies to boot out his “illegitimate” representatives. To publicly underline America’s position and its support of Venezuelan opposition leader Juan Guaido as interim leader, US President Donald Trump on Wednesday welcomed …

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British PM pledges to quit to save Brexit plan

London, United Kingdom | AFP | Prime Minister Theresa May on Wednesday pledged to step down if MPs back her EU divorce deal, in a bid to break the Brexit deadlock in Britain’s fractured parliament. Following months of pressure, May told her Conservative MPs that she would quit if they …

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Nissan urged to shake up governance after Ghosn arrest

Yokohama, Japan | AFP | An advisory committee established by Japanese car giant Nissan to improve governance after the stunning arrest of former boss Carlos Ghosn on corruption allegations unveiled recommendations Wednesday to prevent further scandals. The seven-person body suggested abolishing the position of chairman vacated by Ghosn, with an external …

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