Former British finance minister Alistair Darling, a central figure in the U.K.’s response to the 2008 financial crisis who later helped organize the campaign against Scottish independence, has died. He was 70. Darling had been treated for cancer and died in a hospital in Edinburgh, his family said in a …
Read More »Greek government slams 'greedflation' while levying baby formula price controls
Greece’s center-right government announced price controls on baby formula Wednesday, accusing multinational suppliers of imposing unjustifiably high prices on the country’s consumers. A 7% profit cap on formula will take effect in March and follows a series of similar initiatives over the past two years for basic items. Prime Minister …
Read More »Global stock markets fall again amid China worries
Worries about the health of China’s economy shook markets again Friday, hitting stocks in Asia and Europe. Signs of a sharp slowdown in the world’s second-largest economy have rattled investors since Beijing surprised markets last week by devaluing its currency. On Friday, an early gauge of China’s factory activity fell …
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