Bloomberg South Africa’s African National Congress (ANC) has extended its quarter-century grip on political power and it largely has President Cyril Ramaphosa to thank for halting its decline. The ANC won 57.3% of the votes cast in the national elections, official tallies from 90% of the voting stations show. The party looked to be in danger of losing its majority ...

At a time when America is facing a potential military confrontation with Iran, an escalating trade war with China and a showdown with North Korea, you’d think President Trump would want a permanent secretary of defense to oversee Pentagon plans. But Patrick Shanahan is still cooling his heels as acting secretary, awaiting a formal nomination that was expected nearly two ...

The forthcoming European parliamentary election was meant to be Facebook Inc.’s big chance to please a constituency that trashes it on a regular basis: Politicians. After all of controversy around fake news on website and the Cambridge Analytica scandal, the company hired the former British Deputy Prime Minister Nick Clegg to help clean up its act. The social network has ...

It raised $3.5 billion from the stock market in March, only for its market value to dwindle by almost $8 billion. AstraZeneca Plc’s first-ever stock sale has been a painful experience. It could become an unwelcome deterrent to other companies that ought to do the same. The British drugmaker was exploiting its strong share price to get its financial house ...

President Trump, self-declared “Tariff Man,” lived up to his billing and wielded his favorite weapon yet again ahead of crucial trade talks with China this week. Enough is enough. The US needs to bring these negotiations to a close before more damage is done. US officials say Trump’s threat to raise tariffs on $200 billion worth of Chinese goods came ...

The crash at Moscow’s Sheremetyevo Airport that killed 41 people on Sunday hasn’t been fully explained yet. Yet it should serve as a reminder that post-imperial ambitions have a cost, including in human lives. The doomed Aeroflot Sukhoi Superjet 100 had returned to the airport some 30 minutes after takeoff due to a lighting strike, then made a hard landing ...

Singaporeans aren’t spending like they used to, at least not in shopping malls. There are too many already and more are being built. But investors still have good reasons to back mall owners. The city-state has 6.1 million square meters of retail space, of which 8.7 percent is vacant. Yet companies are forecast to add a further 364,000 square meters, ...

During the go-go years before the financial crisis, Deutsche Bank AG expanded with reckless abandon, chasing a spot among the Wall Street elite at all costs. Since the wheels came off for the industry at the end of the last decade, the German giant has been ruinously slow to adapt, deepening the value destruction for its shareholders. For two decades ...

Bloomberg Apple Inc is planning to unleash a slew of new apps, features and development tools at its annual software conference next month. To improve its devices and strengthen its connection to customers, the consumer technology giant will continue to walk a fine line between wooing outside app makers while also competing against them. The Worldwide Developers Conference, or WWDC, ...

Bloomberg Dyson Ltd’s electric car may have a long wheel base, an interior cabin with reclining seats and an aerodynamic design, according to patents awarded to the company. The patents, filed about 18 months ago and made public, are the first glimpse of the car being built by the UK-based company known for pricey vacuums, hair dryers and air purifiers. ...