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Drought of economic ambition blots Aussie election

Despite a 48-year low in joblessness and navigating the pandemic, Prime Minister Scott Morrison’s party is in a dogfight. Homebuyer and dam-building policies smell fishy, and a lack of climate leadership hurts too. As times get tougher, whoever wins will have to be bolder. ....

Scott Morrison , Prime Minister Scott Morrison , Companies Amp Funds , Government Amp Agencies , Management Leadership , Money Markets Amp Macroeconomics ,

Marcos clan's return to Manila is awkwardly timed – Breakingviews

The Philippines’ president-elect Ferdinand Marcos Jr, son of the late strongman, inherits an economy that grew 7.7% last quarter, but faces mounting headwinds. He will have to find drivers beyond the infrastructure spending that made his predecessor – and father - so popular. ....

Ferdinand Marcos Jr , Pete Sweeney , Views Flash , Government Amp Agencies , Money Markets Amp Macroeconomics ,

Putin's gas shock is acid test of EU unity – Breakingviews

In severing Polish and Bulgarian supply, the Russian leader shattered a fragile equilibrium that had seen European energy buyers fund his war. He hopes other EU states will carry on, dividing the bloc. Instead, Europe should backstop the costly process of ditching Moscow’s fuel. ....

George Hay , Views Flash , European Union , Fossil Fuels , Government Amp Agencies , Natural Gas , Ukraine Russia , War Amp Conflict ,

China takes new tack on emerging market debt

Beijing has agreed to work with the Paris Club of official creditors to clear up Zambia’s $17.3 bln debt mess. That’s a major shift from the bilateral approach it usually adopts. An even bigger sign of progress would be accepting a haircut on the $5.8 bln that China is owed. ....

France General , Paris Club , Emerging Markets , Government Amp Agencies , Government Debt , Imf World Bank , Money Markets Amp Macroeconomics ,

Rwanda's economic refit gets net-positive free ads – Breakingviews

Britain and Denmark want to outsource asylum processing to the East African nation infamous for its 1994 genocide. Regardless of their motives, it chimes with leader Paul Kagame’s plan to build an offshore services hub. Handling refugees looks mercenary but supports his goal. ....

United Kingdom , Ed Cropley , Paul Kagame , East African , Views Flash , Government Amp Agencies , War Amp Conflict ,