Bloomberg US Thanksgiving travel will jump to the highest level since 2005 boosted by a stronger economy, even as gasoline prices will be higher than a year earlier. About 50.9 million Americans will journey 50 miles or more from home for the November 22-November 26 holiday period, the ninth consecutive increase and a 3.3 percent jump over a year earlier, ...

Bloomberg Envoys from almost 200 nations agreed to step up the pace of their work on reining in global warming even without additional help from the world’s richest polluter. Two weeks of discussions organised by the United Nations concluded, after talks were delayed by a grammatical error in the draft text. The delegates, drawn from energy and environment ministries set ...

e Bloomberg French President Emmanuel Macron urged European Union leaders to work together to protect living standards and called for financial penalties for those who refuse to play ball. With 27 countries meeting in Gothenburg, Sweden, as Angela Merkel tries to broker a coalition agreement at home in Berlin, Macron said that some members have taken advantage of subsidies from ...

Bloomberg Talks aimed at paving the way for German Chancellor Angela Merkel to unite four parties into her next governing coalition were on a knife’s edge as the clock ticked toward a deadline to avert a political crisis in Europe’s biggest economy. Four hours into the latest round in Berlin, there was little sign an agreement was imminent and even ...

Bloomberg The French government’s spokesman, Christophe Casta- ner, took the helm of Emmanuel Macron’s party, after an election in Lyon. The election of Castaner, a junior minister in charge of relations with parliament, could trigger a cabinet reshuffle. His new party role is seen as mostly honorary, as Macron — who created La Republique en Marche in April 2016 as ...

Bloomberg Zimbabwe’s ruling party fired Robert Mugabe as its leader and ordered him to resign as president by midday on Monday or face impeachment. It named Emmerson Mnangagwa as the new party leader and presidential nominee for elections due to be held next year. The decisions were taken at a meeting of the Zimbabwe African National Union-Patriotic Front’s central committee ...

Harvard economist Dani Rodrik has a long and thoughtful essay about the shortcomings of neoliberalism — the economic programme of free markets and free trade. He writes: Economists’ contributions to public debate are often biased in one direction, in favor of more trade, more finance, and less government. That is why economists have developed a reputation as cheerleaders for neoliberalism, ...

South Korea’s corporate watchdog is going after charities that the nation’s family dynasties may have been using to skirt power-diluting inheritance taxes and maintain control, according to a Bloomberg News report recently. That’s a smart move, but an incomplete one. For the crackdown on the $12 billion in foundation money held by chaebol including Samsung Group and Hyundai Motor Group ...

Under President Barack Obama, the government took steps to impose greater accountability on the industry and protect students from predatory schools. The policy is both just and cost-effective: For-profit schools saddle students with more debt and lead to higher default rates than traditional schools. In 2016, the department issued the gainful-employment rule, which requires any educational program receiving federal student ...

The world’s cities will add 2.5 billion more residents by 2050, more than half of them in Asia. The effect of this great migration on climate change will depend in part on what kind of homes, factories and office buildings they live and work in. It’s a seemingly minor but significant issue that should attract attention from officials gathered at ...