Bloomberg Theresa May will use her time at this week’s United Nations General Assembly to push for a resolution for countries to work together on aviation security, in the wake of a series of attacks on airplanes and airports in the last year. The new UK prime minister, who was responsible for counter-terrorism efforts in her previous role as ...

  Bloomberg Financial markets have coped well with Brexit and other potentially disruptive political developments recently but asset prices may be running too high and the potential risks to market stability are growing, a report warned on Sunday. In its Quarterly Review, the usually guarded Bank for International Settlements didn’t explicitly say that stock and bond markets are bubbles waiting ...

  Reuters Royal Bank of Scotland (RBS) shares fell after U.S. authorities demanded $14 billion from Deutsche Bank to settle mis-selling claims, raising fears about how much RBS might have to pay for similar misconduct. The British state-backed lender has waited many months to hear how U.S. authorities including the Department of Justice (DoJ) and Federal Housing Finance Agency intend ...

  Bloomberg Many Latvians got a shock this summer when they were informed their bank accounts risked being blocked if they didn’t hand over details of their citizenship, financial plans and any ties to high-level politics. Demands to fill out online questionnaires were dispatched by lenders at the behest of financial regulators, who’ve been battling the Baltic nation’s reputation as ...

  Bloomberg A warning indicator for banking stress rose to a record in China in the first quarter, underscoring risks to the nation and the world from a rapid build-up of Chinese corporate debt. China’s credit-to-gross domestic product “gap” stood at 30.1 percent, the highest for the nation in data stretching back to 1995, according to the Basel-based Bank for ...

  Bloomberg Deutsche Bank AG is moving closer to settling one of its biggest legal cases. How it manages to pay will depend on whether it can persuade the U.S. to lower its initial request of $14 billion, and by how much. The shares of Germany’s biggest bank plunged on news the Department of Justice is seeking an amount that’s ...

Shinzo Abe’s recent promise of $30 billion in financing to African countries over the next three years shouldn’t have come as a great surprise. Quietly, over decades, Japan has become the leading financier of growth-supporting infrastructure across large swathes of the developing world. Perhaps too quietly. In fact, few people outside the country appreciate the scope of Japan’s overseas development ...

  Trade agreements are stalled or collapsing. Brexit won. World trade volume is slowing down. Has globalization hit a wall? Not exactly. Globalization isn’t so much slowing as it is taking new forms. The most potent form of globalization today is occurring inside nations, notably China and India. Globalization typically is defined as the movement of goods, services, ideas, labor ...

  The European Union has never been homogeneous, but recent policy clashes and particularly the immigration issue are making its split into three sub-blocs — the North, the South and the East — increasingly visible. Two strongmen, Hungarian Prime Minister Viktor Orban and Jaroslaw Kaczynski, leader of Poland’s ruling party, make no secret of trying to create an axis for ...

  Reuters Eastern Libyan forces said they had reestablished control over two oil ports where an ousted faction launched a counter-attack on Sunday, briefly seizing one of the terminals. The two ports, Es Sider and Ras Lanuf, were among four seized by forces loyal to eastern commander Khalifa Haftar’s Libyan National Army (LNA) on Sept. 11-12 from a Petroleum Facilities ...