Bloomberg Bulgaria’s president gave a former ruling party the chance to create a new government and steer the nation out of a political crisis that may lead to the fifth elections in two years. President Rumen Radev tapped Nikolay Denkov, a chemistry professor nominated by the We Continue the Change party, to lead coalition talks. Denkov will have a week …

  Bloomberg New Chinese Foreign Minister Qin Gang offered effusive praise of Americans after stepping down as his nation’s top envoy to Washington, signalling that ties between the world’s biggest economies appear to be warming despite recent tensions over Taiwan. “I have been deeply impressed by so many hard-working, friendly and talented American people that I met,” Qin said in …

  Bloomberg Representative Kevin McCarthy’s chances of becoming House speaker remained in doubt hours before Republicans formally take control of the chamber. With Republicans holding only a slender majority when the new Congress convenes, McCarthy can’t lose more than four GOP votes in his bid for speaker, and at least 14 Republicans still hadn’t promised their support. Some of his …