Bloomberg Fresh off his summit with North Korean leader Kim Jong-un, Donald Trump returned to Washington on June 13 to face what may be the biggest threat to his presidency — Special Counsel Robert Mueller. Now, Mueller is intent on quickly resolving a central issue with Trump’s legal team: whether the president will sit voluntarily for an interview in the ...

Bloomberg UK Prime Minister Theresa May averted a revolt by pro-European lawmakers in her party, dodging what threatened to be a major political crisis. Now the focus shifts to the price of the rebels’ compliance, and another fight looms. Some Conservative lawmakers had been pushing for an amendment that would have given Parliament unprecedented powers over the premier’s Brexit strategy. ...

Bloomberg Italy’s foreign minister summoned the French ambassador to Rome in an escalating row over the Italian government’s decision to block access for a migrant rescue ship. Foreign Minister Enzo Moavero Milanesi summoned the ambassador to a morning meeting “following the statements made yesterday in Paris on the Aquarius affair,” his ministry said. French President Emmanuel Macron said that Italy ...

Bloomberg German Foreign Minister Heiko Maas called on European nations to unite and fill the void left by the US drawback from global agreements that have underpinned the trans-Atlantic relationship for decades. “Under President Trump, the Atlantic has gotten wider. Trump’s isolationist policy has created a worldwide vacuum — that one can especially feel after the G-7,” Maas said. “The ...

President Donald Trump’s unexpected call to remove all trade barriers didn’t gain much traction with other Group of Seven (G-7) leaders, perhaps because they were fuming about the US president’s behaviour during the summit in Canada this weekend. But a partial implementation of the idea would be a good way to defuse the brewing trade war without preventing nations from ...

China’s huge bet on new-energy vehicles has understandably gotten the world’s attention. But a less flashy phenomenon now underway may be at least as consequential for the environment in the near term: China is finally getting into used cars. A familiar ritual in most nations, buying vehicles secondhand had until recently been all but unknown in China. In most markets, ...

The cleverest corporate strategies can come unstuck when they meet reality. That may include the ambitious plan hatched by Japan’s Takeda Pharmaceuticals Co. to buy the British drugmaker Shire Plc. This deal has got off to a bad start, and bad starts are often inauspicious in M&A. Takeda’s stock fell 16 percent between its interest in Shire emerging and the ...

Theresa May survived a key Brexit showdown with rebels in her own Conservative Party in parliament. The apparent compromise frees the prime minister to negotiate a divorce agreement with the European Union. But her threat of walking away without a deal is no longer credible. If she fails in the negotiations, there’s now every chance parliament will force her back ...

Why would economists rather talk about efficiency than inequality? Having lived among them for a while, I don’t think the reason is what many people think. The common narrative on the political left is that economists are shilling for the rich, focusing on growth in order to draw attention away from how a few are gaining enormous wealth. But a ...

From overburdened tribunals to some bizarre judgments and costly delays, India’s new bankruptcy code has had its share of teething troubles. But the law, which will decide the fate of $210 billion in bad loans, has also broken new ground. Take the most recent tweak, for instance. Hapless homebuyers left without apartments by debt-stressed builders will have their status raised ...