Bloomberg Angela Merkel marked her return to the political front line with a call for Europe to assert its interests more forcefully as President Donald Trump punches holes in the world order. In her first television interview after the summer break, the German chancellor said Europe needs to take on more global responsibility, including on defense. As Trump attacks Germany’s ...

Bloomberg The selection of John McCain’s replacement in the Senate sets up a potentially defining struggle between competing factions within the Republican party—the old guard represented by the late Arizona senator, and the iconoclastic wing led by President Donald Trump. The state’s Republican governor, Doug Ducey, won’t make an announcement about the seat until McCain is laid to rest next ...

Bloomberg India and Pakistan will discuss the resolution of a dispute over sharing river waters this week, officials said, setting off the first official negotiations between South Asia’s nuclear-armed rivals since newly-elected Prime Minister Imran Khan took charge. Both sides will discuss the issue over two days starting from August 29 in Lahore, Indian and Pakistani officials said, asking not ...

Bloomberg Russia’s annexation of Crimea in 2014 helped boost Vladimir Putin’s approval rating to stratospheric levels. Since then, he’s fuelled an ongoing conflict in Ukraine, interfered with America’s elections and ordered strikes on behalf of the Assad regime in Syria. Through all of these foreign adventures, 87 percent of Russians continued to support him. But those days may be coming ...

Bloomberg Facebook Inc. has removed accounts and pages linked to Myanmar’s top military officials as a new United Nations report accused the country’s armed forces of committing war crimes against the country’s Muslim Rohingya minority. On Monday, Facebook removed 18 Facebook accounts, one Instagram account and 52 Facebook pages that were followed by nearly 12 million people, the company said ...

Bloomberg US stocks added to all-time highs, and Mexico’s peso rallied versus the dollar as the Trump administration closed a bilateral trade deal with America’s southern neighbor. Treasuries fell. The S&P 500 Index rose as President Donald Trump unveiled details of the agreement that he says will replace Nafta. The peso rallied Mexico. European shares advanced, though a British holiday ...

Bloomberg One of the world’s top-performing global stock funds is betting against Amazon.com. It’s not so much that Amazon won’t flourish, but that the recent rally in global technology behemoths has made brick-and-mortar retailers cheap in comparison, according to Norwegian fund Storebrand Global Multifactor. The valuations right now are “too pessimistic for the retailers and too optimistic for Internet retailers,” ...

Bloomberg Malaysian Prime Minister Mahathir Mohamad said foreigners won’t be allowed to buy property at Country Garden Holdings Co.’s $100 billion project, or be granted visas to live there. The Forest City project near Singapore had targeted buyers from China for its mixed-residential development, as well as investors from Indonesia and Thailand. Malaysia’s My Second Home programme allows wealthy foreigners ...

Bloomberg Indian billionaire Gautam Adani’s energy unit is nearing a deal to acquire a 1,370-megawatt thermal power plant backed by GMR Infrastructure Ltd., according to people with knowledge of the matter. Adani Power Ltd. will take over about 38 billion rupees ($543 million) of loans out of a total of 58 billion rupees that GMR Chhattisgarh Energy Ltd. owes, said ...

Bloomberg Three bankrupt US companies with links to Indian billionaire Nirav Modi were “directly involved” in transactions related to the alleged multibillion-dollar international fraud for which Modi has been charged by Indian authorities, according to an investigation by the court-appointed examiner. The examiner, John J. Carney, found “substantial evidence” that senior officers and directors at Firestar Diamond Inc., A. Jaffe ...