Bloomberg China finalised a sweeping plan to ensure leaders in Beijing control the outcome of Hong Kong’s elections, a move that could deepen already-fraught relations with Western nations. President Xi Jinping on Tuesday signed orders to amend Hong Kong’s Basic Law, the official Xinhua News Agency reported, after revisions were passed by the National People’s Congress Standing Committee. The move ...

Bloomberg President Joe Biden announced a slate of federal judge nominees on Tuesday that placed a heavy emphasis on his stated goal of promoting diversity across the government. The picks — Biden’s first to the federal bench since taking office January 20 — included Zahid Quraishi, who would be the first Muslim-American federal judge in US history, and Ketanji Brown ...

Bloomberg Wall Street banks grappling with the implosion of Bill Hwang’s investment firm spent time briefing US regulators as Washington starts to dig into one of the biggest fund blowups in years. The Securities and Exchange Commission (SEC) summoned the banks for hasty meetings on what triggered the forced sale of more than $20 billion of stocks linked to Hwang’s ...