WORLD

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” …

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 …

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 …

  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 …

  Renton, United States | AFP | US aircraft maker Boeing on Wednesday unveiled an upgraded for the MCAS flight software on the 737 MAX aircraft, following two recent crashes in which nearly 350 people died. The company is going all out to respond to safety concerns about its top-selling plane, …

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 …

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 …

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 …

London, United Kingdom | AFP |  If Britain’s political system fails to break its Brexit logjam, the country is faced with the prospect of crashing out of the European Union on April 12. Here are the main ways Britain would be affected: – Business planning – Around 80 percent of …

New York, United States | AFP | Boeing has flown test flights of its 737 MAX to evaluate a fix for the system targeted as a potential cause of two deadly plane crashes, two sources familiar with the matter said Tuesday. The aviation giant, which has been under fire and has …