China removed limits on foreign holdings in domestic banks and asset management companies, formalising a previously announced step toward opening its US$40 trillion financial sector. Overseas financial institutions will now be treated the same as local companies, the China Banking and Insurance Regulatory Commission said in a statement late Thursday, taking forward a process started […]

After a year in office, Trump has confirmed a lot of what we knew about how leaders matter: he has held firm to the few beliefs he brought with him to office, demonstrated the importance of substantive knowledge (or lack thereof) for decision-making, and shown why advisers cannot substitute for experienced leadership. In other ways, […]