Tens of thousands celebrated the impeachment of South Korean President Park Geun-Hye. The motion to impeach was adopted by 234 votes to 56, easily securing the required two-thirds majority in the 300-seat chamber. It triggered wild celebrations among hundreds of anti-Park activists gathered outside the National Assembly. The protesters called the impeachment a new beginning in South Korean politics. …

  German Chancellor Angela Merkel has been designated the new leader of the Western world on the strength of her values. Now, watch her lift that mantle for a deft feint to the right. This week Merkel’s Christian Democratic Union re-elected her as its leader by an impressive 89.5 percent. That’s higher than the 88.6 percent Shavkat Mirziyoyev received in …

  Unicredit Chief Executive Officer Jean-Pierre Mustier is scheduled to present his five-month review of the bank’s strategy. To salvage a bank that’s seen its market value drop to just 13 billion euros ($14 billion) from almost 40 billion euros in the space of just eighteen months, Mustier needs to become best-in-class — and that means aggressively shrinking his bank …