Bloomberg South Korean President Moon Jae-in, a champion of talks between the US and North Korea, will look to restore momentum for an unprecedented summit between the foes in a White House visit on Tuesday. Optimism for next month’s meeting in Singapore between President Donald Trump and leader Kim Jong-un was punctured last week by a North Korean threat to ...

Bloomberg Lawyers for Paul Manafort accused prosecutors working with Special Counsel Robert Mueller of smearing their client through unflattering media accounts that originated with illegal grand jury leaks. The lawyers urged US District Judge TS Ellis III to hold a hearing focusing in particular on communications involving Andrew Weissmann, one of the Mueller prosecutors, with the Associated Press. Manafort, a ...

Bloomberg The Malaysian Anti-Corruption Commission questioned former Prime Minister Najib Razak over 1MDB, as a special task force hones in on recovering assets from the troubled state fund. The commission is compiling evidence and reaching out to two important witnesses to build a case on SRC International, a former unit of 1MDB, Mohd Shukri Abdull, chief commissioner at the anti-graft ...

Bloomberg India’s divided opposition has seized on a new way to counter Prime Minister Narendra Modi’s powerful Bharatiya Janata Party: bringing national and regional rivals together to take on the ruling party. The reversal of the BJP’s fortunes in the southern state of Karnataka — where it won the most seats but was ousted by a coalition composed of the ...

Bloomberg The way things are shaping up in Italy, the next prime minister will have to manage two heavyweight ministers with no power base of his own. And it’ll be his first proper job in politics. Five Star leader Luigi Di Maio said he’s proposed Giuseppe Conte, a 53-year-old law professor from Florence University to lead a coalition government after ...

Bloomberg Foreign Secretary Boris Johnson has urged Theresa May not to contemplate calling another early election, after reports that members of parliament are preparing for a snap vote later this year because of the turmoil of Brexit. “We had a general election in June last year, which followed hard on the heels of a referendum, which itself followed hard on ...

Questions remain about just how many more US exports China’s promised to buy to avert a trade war: US officials have floated the figure of $200 billion annually, which would cut the bilateral trade deficit in half. Even if that were true, however – and Chinese officials have denied it – that massive buying spree wouldn’t bring down the overall ...

Consistency in central banking is usually a virtue. But Brazil is proving that it’s not the highest virtue. One of the big features of monetary policy in the post-2008 era has been an increase in transparency among central banks, which were too secretive in the bad old days. Key to this transparency has been forward guidance, a clear telegraphing of ...

The sight of Meghan Markle’s mother carrying what looked like a Burberry outfit was enough to ignite speculation she’ll wear the brand to her daughter’s wedding. The British luxury group could certainly do with some Markle sparkle. Organic sales increased by an anemic 2 percent in the three months through March, trailing growth at rivals like LVMH Moet Hennessy Louis ...

Two and a half months after an inconclusive general election, Italy looks as if it will soon have a government — a populist coalition between two anti-establishment parties, the Five Star Movement and the League. Having won a clear popular mandate, the two parties must be given a chance to govern. But the program they have in mind is extravagantly ...