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British holidaymakers should expect more delays at the UK’s port of Dover this weekend after a ferocious Anglo-French row broke out over the management of post-Brexit border controls on the English Channel. The port declared a “critical incident” on Friday after French border police provided what Dover said was a “woefully inadequate” number of passport
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Rishi Sunak, who wanted to leave the EU before that cause was popular, is trailing with the Conservative grassroots. Liz Truss, who campaigned with some vigour to remain, polls better among them. This oddity takes explaining. One theory cites his not being white. Another his reluctance to promise tax cuts. Yet a third his mutiny
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The U.S. House of Representatives Natural Resources Committee passed a binding plebiscite on Puerto Rico’s status Wednesday but immediately faced opposition by some United States-based diaspora groups. The bill would offer Puerto Rico voters three options: statehood, independence, or sovereignty in free association with the United States. The current status — remaining a territory —
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Investors will be greeted Monday with the smallest new-issue calendar year-to-date ahead of the Federal Open Market Committee’s July meeting where rates are anticipated to be hiked at least three-quarters of a point. To end the week, munis were firmer, underperforming the extended U.S. Treasuries rally where yields again fell double-digit basis points. Equities ended
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A clash over tax and economic policy has dominated the early tussles between former chancellor Rishi Sunak and foreign secretary Liz Truss in their bids to become Conservative leader and the next UK prime minister. As the second phase of the leadership contest got under way this week, with two candidates facing a vote by
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Michigan drew an upgrade from Fitch Ratings over analysts’ view that a rebuilding of reserves and cash balances along with flush tax collections and conservative budgeting strengthens the state’s edge in weathering a future downtown. The upgrade to AA-plus from AA impacts $1 billion of outstanding general obligation debt and the Michigan School Bond Qualification
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The ancient Greeks pioneered a range of innovations to cool their houses during the summer, planting trees to provide natural shade and designing buildings to limit which spaces felt the full blast of the sun’s rays. Thousands of years later, their descendants are drawing upon the same kind of ideas to cool down the city
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Volkswagen’s chief executive Herbert Diess, the architect of the German carmaker’s multibillion-euro push into electric vehicles, will leave the company within weeks after being forced out by union leaders. The 63-year-old, who took over in the years following the VW emissions scandal, will be replaced by Porsche boss and former VW manager Oliver Blume from
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