Bloomberg Brazilian prosecutors dealt another blow to former President Luiz Inacio Lula da Silva, accusing him of hiding assets from authorities just days after a separate probe unleashed a new round of political turmoil in the country. The Sao Paulo state prosecutor’s press office confirmed the charges, declining to provide additional details. Newspaper O Globo reported they are for money …

Seoul/ AFP North Korea looked to ratchet up already elevated tensions on the Korean peninsula still further on Thursday, firing a pair of short-range missiles and announcing the liquidation of all remaining South Korean assets on its territory. The moves were a direct response to unilateral sanctions announced by South Korea on Tuesday to punish the North for its January …

Is the American economy stronger than we think? Perhaps. A persisting puzzle about its recent performance is the stark contrast between growth of jobs (which has been unexpectedly robust) and the growth of the economy’s output (which has been unexpectedly weak). How could a struggling economy produce so many jobs? The puzzle would disappear if the economy’s output is consistently …