UK’s Kwarteng scraps tax cut after market meltdown

Britain’s Chancellor of the Exchequer Kwasi Kwarteng junked a plan to cut taxes for high earners after a backlash from financial markets and his own Conservative Party colleagues that plunged the country into an economic crisis. “We get it, and we have listened,” Kwarteng said as he announced the dramatic U-turn on Twitter on Monday. […]

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Putin’s mobilization will further upend the Russian economy

Elisabeth Braw is a resident fellow at the American Enterprise Institute, where she focuses on defense against emerging national security challenges. Russian President Vladimir Putin may well succeed in mobilizing the 300,000 reservists he says he needs for the war in Ukraine — but since his announcement, some 360,000 men have already traveled to Georgia and […]

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7 nightmares in the making for Italy’s Giorgia Meloni

Giorgia Meloni and her Brothers of Italy party emerged as the clear winners in the September 25 elections, putting her on course to form a new coalition at a fraught time for the country’s economy. With a splintered opposition, analysts predict she could stay the course longer than many of Italy’s notoriously short-lived administrations. But […]

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How the far-right got out of the doghouse

European far-right politicians just stormed to victory in Italy, after achieving historic results in France and Sweden. “Everywhere in Europe, people aspire to take their destiny back into their own hands!” said Marine Le Pen, the leader of France’s far-right National Rally Party.  But if you think there is a new wave of right-wing radicalism […]

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