Bloomberg Kenya is no closer to resolving months of political turmoil after millions of opposition supporters boycotted a Supreme Court-ordered repeat of its presidential election, raising the likelihood of another legal challenge to the outcome. Less than half of registered voters cast ballots, down from the 79 percent turnout for Aug. 8 elections that the court annulled because proper procedures ...

The NAFTA war is heating up. It’s a confusing conflict because perceptions are driven by political rhetoric, not economic reality. NAFTA, of course, stands for the North American Free Trade Agreement, which has eliminated most tariffs among the United States, Mexico and Canada. During the campaign, candidate Donald Trump denounced NAFTA as a bad deal for the United States. He ...

China’s laying out the red carpet for foreign banks. This time, few will be rushing in. The country’s top banking regulator, Guo Shuqing, says the market share of overseas lenders is falling and that isn’t good for competition. The government plans to ease ownership and business restrictions to make life easier for them. The share of global financial institutions in ...