Bloomberg Spain’s new leader began harnessing the unlikely forces that brought him to power while a populist government took over in Italy, capping a week of political drama that sent financial markets into turmoil as the future of the euro region again rose to the fore. In Madrid, Socialist leader Pedro Sanchez was sworn in by King Felipe VI as ...

Bloomberg Venezuela President Nicolas Maduro granted conditional freedom to at least 39 political prisoners, including former opposition Mayor Daniel Ceballos, imprisoned since 2014 for allegedly encouraging violent protests in his home state. The political prisoners slated for release include some arrested during anti-government rallies over the past three years amid pitched confrontations with state security forces and Maduro’s militant supporters. ...

Bloomberg Landlocked Ethiopia is planning to build a navy, Prime Minister Abiy Ahmed said during a briefing of the heads of the country’s National Defense Force. “Following the efforts made to build capacity of our national defense, we built one of the stronger ground and air forces in Africa,” the ruling party-funded Fana Broadcasting Corp. reported. “We should build our ...