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Russia sends team to Venezuela to help draft rescue plan

Bloomberg Russia has sent a senior delegation to Venezuela to consult high-ranking government officials on a plan to stem the brutal economic collapse in a key Kremlin ally. Venezuela is reeling from the impact of US sanctions and low oil prices. Russia, which has maintained close ties with the leftist government of President Nicolas Maduro and provided a lifeline in ...

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Typhoon Yutu batters northern Philippines

Bloomberg Typhoon Yutu slammed into northern Philippines on Tuesday and is travelling a path similar to last month’s super storm Mangkhut that killed at least 82 people and damaged about $500 million of farm output in the Southeast Asian nation. More than 10,000 people were moved to safer grounds before Yutu came ashore. As many as 12 million people are ...

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Mongolia president mulls hunger strike to protest parliament

Bloomberg Mongolia’s president said he may go on a hunger strike or stage a sit-in as a last resort to pressure the North Asian nation’s parliament to voluntarily disband after he criticized it for failing to stand up to economic challenges. President Khaltmaa Battulga, who has only has limited power to introduce and veto legislation, made the suggestion in a ...

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