As the world reflects on the frightening days of 2008,Reuters will bring you an expert guide everyday this week into what has changed since the Lehman Brothers collapse, when nearly every morning’s market open brought worries of a bank, investment fund or insurer going under. Today, Americas Economics and Markets Editor Dan Burns remembers reporting the financial crash and discusses what has changed since.
When people forget what went awry in 2008,they risk repeating the errors of the past, writes Rob Cox for Breakingviews, which is publishing a series called ‘Ten Years After’. In an initial podcast, Columbia University history professor Adam Tooze joins the dots from the 2008 collapse to Brexit and the election of Donald Trump to the U.S. presidency.
Brian Duperreaultremembers another era when American International Group was trying to blaze a trail toward greatness. Now, the insurer’s CEO is trying to restore lost shine to a company that has struggled ever since a $182 billion taxpayer bailout saved it from collapse in 2008.
highlights
China will respondif the United States takes any new steps on trade, the foreign ministry said, after President Trump warned he was ready to slap tariffs on virtually all Chinese imports into the United States. Shares of Apple suppliers fell across Asia after Trump tweeted that the tech giant should make products in the United States if it wanted to avoid tariffs on Chinese imports.
Republicansin the U.S. House of Representatives plan to unveil another round of tax cuts this week, hoping to draw a sharp contrast between themselves and Democrats ahead of the Nov. 6 congressional elections.
The United Stateswill adopt an aggressive posture against the International Criminal Court, threatening sanctions against ICC judges if they proceed with an investigation into alleged war crimes committed by Americans in Afghanistan.
United Nations human rights chief Michelle Bachelet called on Monday for a new quasi-judicial body to collect evidence with a view to future prosecution of crimes against Muslim Rohingya in Myanmar including murder and torture.
Several armed men attacked the headquarters of the National Oil Corporation in the Libyan capital on Monday and blasts were heard before wounded people were ferried away from the building in ambulances, a Reuters witness said.
Sweden faced weeks of uncertainty after its mainstream center-left and center-right blocs emerged in a dead heat from an election on Sunday, while the far-right - which neither wants to deal with - made gains on a hardline anti-immigrant platform.
