Money

U.K.’s Labour Party Has Ruptured as 7 Lawmakers Defect Over Brexit Stalemate

Seven centrist British lawmakers have split away from the U.K.’s Labour Party over a variety of issues, including Labour’s failure to take a firm stance on Brexit. The members of Parliament–Luciana Berger, Chuka Umunna, Gavin Shuker, Angela Smith, Chris Leslie, Mike Gapes and Ann Coffey–announced their decision on Monday. They have formed a new alliance …

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Australia’s Parliament Was Hacked By a ‘Sophisticated State Actor’

A “sophisticated state actor” conducted a cyber attack at Australia’s Parliament House this month that breached the systems of the nation’s major political parties, Prime Minister Scott Morrison said. The systems of the ruling Liberal-National coalition parties and the main opposition Labor party were compromised, Morrison told parliament on Monday. He didn’t name the country …

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New Zealand Wants to Tax Online Giants like Facebook, Google and Amazon

New Zealand just became the latest country to announce plans for a digital tax on Internet giants like Google, Facebook, and Amazon. Speaking at a weekly news conference, New Zealand Prime Minister Jacinda Ardern said she and her cabinet had agreed to release a discussion document on the issue, adding that the country’s current tax …

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What Is Open (and Closed) on Presidents’ Day 2019

Presidents’ Day is a federal holiday that was originally created to honor the nation’s first president, George Washington. The day, which now honors all U.S. presidents, happens every third Monday in February. Because Presidents’ Day is a federal holiday, generally speaking, schools are not open on Monday, and neither are many government institutions. But plenty …

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When Is the Next Recession Coming? Here Are 5 Indicators to Watch

As headwinds spanning trade wars to slowing global growth buffet the U.S. economy, talk of a possible recession is picking up, leaving investors sifting through reams of data for clues. While almost all economists surveyed by Bloomberg expect growth to stay positive this year — which would crown the current expansion the longest on record, …

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