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Theresa May, the PM broken by Brexit

Bloomberg At 10:11 am on May 24, a devastated Theresa May walked back in through the black door of Number 10 Downing Street, tears in her eyes. For May, 62, it was the end she had dreaded but could no longer avoid. After three years battling the impossible contradictions of Brexit, she was resigning as UK prime minister, defeated at ...

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Ramaphosa sworn in as S African president

Bloomberg Cyril Ramaphosa was sworn in as South Africa’s president on Saturday, marking the official start of his five-year term and setting the stage for the appointment of his new cabinet. Chief Justice Mogoeng Mogoeng administered Ramaphosa’s oath of office before a cheering crowd of about 40,000 at the Loftus Versveld rugby stadium in the capital, Pretoria. The 66-year-old Ramaphosa ...

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The logic behind Trump’s trade war with China

A month ago, I declared that President Donald Trump’s trade war against China looked like it might be winding down. I was wrong. Instead of capitulating in exchange for some agricultural purchases and other minor concessions, Trump is doubling down. He’s raising tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent, and imposing new tariffs ...

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