Bloomberg Madagascar’s Constitutional Court has instructed President Hery Rajaonarimampianina to appoint a new prime minister within seven days and ruled that he can remain leader of the Indian Ocean island nation until 60 days before the next election. The new PM will oversee the government until the inauguration of a new president. The country is scheduled to hold presidential and ...

America’s government declares ‘war’ promiscuously — on poverty, on drugs, on cancer, etc. — except when actually going to war, which the nation has done often since it last declared war (on June 5, 1942, on Romania, Bulgaria and Hungary). But the incipient war du jour is being postponed. Treasury Secretary Steven Mnuchin says the Trump administration is ‘putting the ...

The reaction to Target Corp.’s first-quarter earnings report on Wednesday is a near-perfect illustration of the enormous challenge many traditional retailers are up against in trying to satisfy Wall Street right now. By many measures, Target had a quite good quarter. Its comparable sales rose 3 percent over the same period last year, beating analysts’ expectations. That lift was powered ...