Bloomberg Hong Kong’s “high degree of autonomy” from China could last for 50 years after legally expiring in 2047, a top Beijing official said, despite China’s greatly expanded control over the financial hub in recent years. Xia Baolong, director of the mainland agency responsible for Hong Kong, made the comments Wednesday to delegates from the finance hub at China’s annual ...

  Bloomberg Kenya named Marjan Hussein Marjan as chief executive officer of its Independent Electoral and Boundaries Commission, barely five months before a general election. Marjan has been acting CEO at the agency since October 2017 when Kenya held a repeat poll after the initial count was nullified by the Supreme Court over irregularities. His task will be to boost ...

  Bloomberg UniCredit SpA signaled a hit of about 200 basis points to its capital buffers in an “extreme scenario” in which its Russian banking assets are wiped out, joining European lenders detailing the potential fallout from the financial turmoil after the Ukraine invasion. The Milan-based bank doesn’t consider an extreme scenario — the entirety of its exposure to the ...