Bloomberg Saudi Arabia aims to build a defense industry at breakneck speed, and it’s ready to look beyond its traditional Western allies for help. The oil-rich kingdom has long been a favourite customer of arms sellers, especially American ones. President Donald Trump announced $110 billion in deals during his trip there last year. Now, 32 year-old Crown Prince Mohammed bin ...

Bloomberg Germany’s Social Democrats voted to join Chancellor Angela Merkel’s next government, clearing the last hurdle to her fourth term and restoring a sense of political stability in Europe’s biggest economy. SPD members approved the coalition pact by a wider-than-expected margin, which may make it easier for the party to effectively govern with Merkel’s Christian Democrat-led bloc. The result, unsealed ...

Bloomberg Australian Prime Minister Malcolm Turnbull’s Liberals will remain in power in Tasmania after claiming victory in state election. “Four years ago you voted for change; today you have voted for no change — to stick with the direction this state is heading and to take our state to the next level,” state Premier Will Hodgman, 48, told supporters, after ...