Bloomberg A moment of triumph, the declaration of Europe’s newest independent state, has quickly become the cold reality of what Catalonia’s separatists were always likely to face in their historic collision with Spain. Within hours of the parliament in Barcelona voting to break away, the would-be Catalan Republic was hit by the might of the Spanish state. Rather than leaving …

Bloomberg Kenya is no closer to resolving months of political turmoil after millions of opposition supporters boycotted a Supreme Court-ordered repeat of its presidential election, raising the likelihood of another legal challenge to the outcome. Less than half of registered voters cast ballots, down from the 79 percent turnout for Aug. 8 elections that the court annulled because proper procedures …

The NAFTA war is heating up. It’s a confusing conflict because perceptions are driven by political rhetoric, not economic reality. NAFTA, of course, stands for the North American Free Trade Agreement, which has eliminated most tariffs among the United States, Mexico and Canada. During the campaign, candidate Donald Trump denounced NAFTA as a bad deal for the United States. He …