Bloomberg Lebanon unveiled a new cabinet lineup, some three months after mass protests against entrenched corruption brought down the government and shook the economy. The incoming team of 20, led by former education minister Hassan Diab, will have to act fast to address the country’s worst financial and economic crisis in decades. Tens of thousands of people have taken to ...

Bloomberg President Donald Trump acknowledged that Americans were hurt in an Iranian missile barrage to retaliate for the US killing of a top general, and said the injuries were “not very serious.” “I heard they had headaches,” Trump told reporters on Wednesday during a press conference at the conclusion of a two-day trip to the World Economic Forum in Davos, ...

Bloomberg Chinese President Xi Jinping offered personal assurances that he wouldn’t use protests in Hong Kong as an excuse to increase Beijing’s control over the city, Chief Executive Carrie Lam said, as she used a World Economic Forum visit to try and reassure global investors. Speaking to Bloomberg Television in Davos, Lam pushed back against protesters who say China is ...

Bloomberg Italy’s Luigi Di Maio resigned as leader of the anti-establishment Five Star Movement, as his fading populist party faced the prospect of being thrashed in regional elections this weekend. The 33-year-old Di Maio told a meeting of Five Star ministers that he’s stepping down from his party job, but plans to stay on as foreign minister at a meeting ...

Bloomberg Donald Trump has kicked off the 2020 election year with a string of key foreign policy and economic wins that his campaign hopes will overshadow — and outlast — the political fallout from his historic impeachment. As the Senate began his impeachment trial in Washington, Trump tried to pull the spotlight to Davos, Switzerland, where he touted his record ...

On the face of it, the Phase One trade deal signed between the US and China last week looks set to provide a big boost to American oil and gas producers who need to develop new export markets. Just how well they fare against exporters who are much closer to the world’s biggest energy importer may depend as much on ...

After three years of will-he-or-won’t-he, US Treasury Secretary Steven Mnuchin officially decided that it’s not worth rocking the boat when it comes to financing the federal government. The Treasury announced that it would start issuing 20-year bonds in the first half of this year, bringing back the maturity for the first time since 1986. While it sounds like a big ...

The first annual results season is underway since the Business Roundtable, a US group of top bosses chaired by JPMorgan Chase & Co.’s chief executive officer, Jamie Dimon, clarified the “purpose of a corporation” back in August. It should be a moment for CEOs, including Dimon, to show they’re serious about the commitments they made, and for investors to hold ...

The reputation of Masayoshi Son, the world’s most prolific unicorn breeder, came crashing down last year with the collapse of WeWork. An 80% writedown on The We Co., and a 970 billion yen ($8.8 billion) loss at the SoftBank Vision Fund delivered some cold hard truths about his vulnerability. You might think that Son would have learned his lesson. Instead, ...

BlackRock Inc. Chief Executive Officer Larry Fink published two letters — one to CEOs, one to BlackRock clients — outlining the asset manager’s environmental, social and governance priorities for 2020 and beyond. To say the letters’ import is significant doesn’t nearly do it justice. Last week, I attended a conference of energy CEOs, executive board members, institutional investors and proxy ...