Bloomberg Nigeria’s main opposition party nominated former Vice President Atiku Abubakar as its candidate to challenge President Muhammadu Buhari in February’s elections in Africa’s biggest oil producer. Abubakar, 71, won the People’s Democratic Party’s primaries with 1,532 votes, Ifeanyi Okowa, chairman of the nomination convention committee and governor of Delta state, said on Sunday in the oil hub of Port ...

The descent of American capitalism into a racket is being greased by professed capitalists in government, in collaboration with professed capitalists in what is called, with decreasing accuracy, the private sector. This is occurring under the auspices of Republicans, and while many Democrats are arguing, with some accuracy but more incoherence, this: The government has become a servant of grasping ...

After four successive days of increasing risk spreads, and after a prominent politician, Claudio Borghi, said there was an advantage to having your “own currency,” Italy is back squarely on both public and private radar screens as a potential source of systemic economic and financial disruptions. This has led to suggestions that the country could become “a new Greece.” While ...