Bloomberg China’s Communist Party expelled former Interpol President Meng Hongwei, months after he went missing during a trip to the country. Meng was also removed from his government post as vice public security minister over violations that included the taking of bribes and abuse of power, according to a statement from the party’s Central Commission for Discipline Inspection (CCDI). The ...

Bloomberg As South Sudan’s main combatants prepare to join forces to end a brutal five-year civil war, recent fighting involving a renegade military officer suggests the conflict may be far from over. Thousands of civilians have fled their homes in Yei state in the southwest of the country this year, witnesses to alleged murders and looting as government troops battle ...

Economists tend to think of central-bank interest rates purely in terms of their effect on macroeconomic benchmarks such as inflation, output and unemployment. The Federal Reserve’s dual mandate, for instance, directs it to seek stable prices and maximum employment. Mainstream macroeconomic models, such as the dominant New Keynesian models used by most central banks, support this view. Occasionally, economists or ...