Bloomberg German Chancellor Angela Merkel said she’s hopeful that make-or-break talks to renew her governing alliance with the Social Democratic Party will succeed, while cautioning that much work is needed for a deal that opens the door to her fourth term. With Europe’s dominant country and biggest economy stuck in more than three months of post-election stalemate, the acting chancellor’s ...

Bloomberg Malaysia’s opposition named Mahathir Mohamad, 92, as candidate for prime minister in an election that must be held by August. Once Malaysia’s longest serving premier, Mahathir will battle against his own hand-picked heir, Prime Minister Najib Razak, 64. The coalition known as Pakatan Harapan, or Pact of Hope, said at its convention on Sunday that Mahathir would remain prime ...

When most people think of wealth in the modern economy, they tend to think of stocks and bonds. The word ‘capital’ is often synonymous with corporate ownership. Land wealth, meanwhile, is often relegated to a footnote. Yes, people own houses, but vast fortunes are made in the stock market, while the fates of nations rise and fall with the bond ...