Bloomberg Cyril Ramaphosa, the newly-elected leader of South Africa’s ruling African National Congress, has a tenuous hold on power in the party after his allies fell short of securing outright control over its top leadership body. A lack of support from a clear majority of the 86 voting members of the ANC’s National Executive Committee will limit his scope to ...

Bloomberg President Donald Trump’s Christmas wishes include a peaceful America, he said while taking phone calls from children tracking the global travels of Santa’s sleigh — although the president’s social-media activities suggested otherwise. “I think we want peace. What do you think? Peace for the country,” Trump told a young boy. “We’ve got prosperity. Now we want peace,” the president ...

Bloomberg Bank of America Corp. expects to take a roughly $3 billion hit to fourth-quarter net income after the US tax bill slashed corporate rates. The reduction is “primarily” from a lower value of net deferred tax assets, according to a filing by the Charlotte, North Carolina-based firm. So-called DTAs pile up in cases where a company loses money and ...