Bloomberg Hurricane Irma, the most powerful storm to form in the open Atlantic Ocean, was barreling towards Puerto Rico late on Tuesday on a path that may bring it ashore in Florida and destroy so much property that damages may surpass Hurricane Katrina. Irma has sent cruise lines and insurance stocks plunging, with Barclays Plc estimating insured losses in a …

Bloomberg South Korean President Moon Jae-in sought to find common ground with Russian counterpart Vladimir Putin to prevent the situation on the Korean peninsula from spinning out of control. “If we fail to stop North Korea’s provocations now, it could sink into an uncontrollable situation,” Moon said in opening remarks before a meeting with Putin in Vladivostok, Russia, on Wednesday. …

Bloomberg Kenya’s main opposition alliance demanded the electoral commission be overhauled and said it wants guarantees on fairness in place before it agrees to participate in a rerun of last month’s annulled presidential election. The five-party National Super Alliance urged the Independent Electoral & Boundaries Commission to remove six key officials from its secretariat, including Chief Executive Officer Ezra Chiloba, …