Bloomberg A one-time rival to President Emmanuel Macron was forced out of the French government on Wednesday as the president asserted his authority after a resounding victory in Sunday’s parliamentary elections. Justice Minister Francois Bayrou, 66, who threw his weight behind Macron’s campaign in February after mulling his own bid for the presidency, quit Wednesday morning. European Affairs Minister Marielle …

Bloomberg Saudi Arabia’s Deputy Crown Prince Mohammed Bin Salman was named to replace his cousin as heir to the throne in a shake-up that consolidates the 31-year-old leader’s power in the world’s biggest oil exporter. The king’s decision to elevate his son, who already controlled the defense, oil and economy portfolios, was supported by 31 out of 34 members of …

Bloomberg Prime Minister Theresa May will make her first attempt to engage with Britain’s new political landscape as she publishes a legislative program heavy on Brexit and likely to be light on anything controversial. Queen Elizabeth II was expected to read out the plans to lawmakers at 11:30 a.m. in London on Wednesday in an occasion stripped of most of …