Bloomberg Democratic Republic of Congo opposition leader Moise Katumbi said the authorities revoked his passport and won’t allow him to replace it. Katumbi was advised by Belgian airport services, after returning from a trip to Israel, that his semi-biometric passport had been withdrawn from the system. A request to the Congolese Embassy in Belgium for a full biometric passport was ...

This week was billed as the most important of the year in terms of the global economy, with the Federal Reserve, European Central Bank (ECB) and Bank of Japan (BoJ) all meeting to set monetary policy, high level economic data out of the US ranging from inflation to retail sales, the fallout from the disastrous Group of Seven (G-7) meeting, ...

You wouldn’t know it from the government’s optimistic pronouncements, but China’s banks are still under significant stress. Although the latest plan to help them out won’t solve any fundamental problems, it will buy time — maybe enough to come up with better ideas. By several measures, Chinese banks are strained. Their official loan–to-deposit ratio increased from 65.8 percent in June ...