Kuwait Has a New Ruler Who Now Must Fix Its Old Problems

Kuwait Has a New Ruler Who Now Must Fix Its Old Problems

Like his immediate predecessor, Kuwait’s new ruler is taking over in his 80s and will be confronted with the same economy-hobbling political dysfunction that has for years doomed reforms. But there are differences in this succession as well as similarities, and how they play out will help dictate whether 83-year-old Emir Sheikh Mishaal Al-Ahmed Al-Jaber … Read more

Stock Markets Today: Bond selloff, Jumbo IPO, Huawei in Germany, Yuan bears

Stock Markets Today: Bond selloff, Jumbo IPO, Huawei in Germany, Yuan bears

Good morning. Global bonds are sinking, Arm’s jumbo IPO and Germany’s relations with Huawei. Here’s what people are talking about. Global government bond yields extended their climb — with the US 30-year reaching the highest point since 2011 and other benchmarks returning to 2008 levels — as resilient economic data challenges the view that central … Read more