Bloomberg Turkey’s President Recep Tayyip Erdogan on Sunday took back control of the ruling party he founded, a step that gives the nation’s most powerful man additional authority to appoint loyalists to parliament lists and party posts across the nation. Just a month after a vote approved transferring Turkey’s center of political power to the presidency from parliament, the AK …

The United States may have escaped most digital damage from the global ‘ransomware’ virus, though cyber experts fear more attacks. One possible explanation is that the malicious software (‘malware’) harms older versions of Microsoft’s Windows operating system, which most Americans have replaced. Perhaps many users in other countries haven’t. Whatever the explanation, this is not the end of internet threats. …

Britain’s ruling Conservative Party says it plans to establish a sovereign wealth fund. It’s a great idea — albeit one that comes decades too late, with North Sea oil revenue diminishing and the cupboard of U.K. assets available for sale to seed the fund already almost bare. Here’s what the party’s manifesto, released on Thursday ahead of the June 8 …