Bloomberg Business

Mexico Can Boost Revenue Without Tax Raise, Sheinbaum Says

(Bloomberg) — Mexico can increase government revenue without boosting tax rates and needs to keep the central bank’s independence, presidential frontrunner Claudia Sheinbaum said, giving policy hints ahead of next year’s election.

US Offers Nuclear-Test Inspections to Ease Russia, China Tension

The US Department of Energy said it’s willing to prove its engineers aren’t breaking a three-decade moratorium against testing nuclear weapons, in a bid to encourage China and Russia to be more transparent and defuse military tensions.

China Spends Billions on Global Disinformation, US Contends

China spends billions of dollars each year to enhance its image around the world, including by sponsoring online influencers and bolstering authoritarian governments through the export of “smart cities” technology, the US government says in a new report.

Fed Watchdog Faults Central Bank Officials on Oversight of SVB

(Bloomberg) — The Federal Reserve’s bank supervision officials failed to step up their oversight and scrutiny of risks at Silicon Valley Bank before its collapse in March, the US central bank’s internal watchdog said in a new report.

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