Bloomberg German Finance Minister Wolfgang Schaeuble said that the UK would be welcomed back to the European Union if the British decided they no longer wanted to quit the bloc. In his first public comments on the matter since the U.K. election, Schaeuble said that “it’s up the British government to take their own decisions” on Brexit. He said he …

Bloomberg Helen Zille, the former leader of South Africa’s main opposition Democratic Alliance, will remain as premier of the Western Cape province after giving a public apology for tweets that appeared to defend colonialism. Zille will be excluded from all party structures and the DA will control her communications, including her use of social media, DA leader Mmusi Maimane told …

Bloomberg Panama is opening diplomatic relations with China, the latest blow to Taiwan as Beijing’s leaders seek to isolate the self-governed island. Panamanian President Juan Carlos Varela announced the move in a national address. China is the second-biggest user of the Panama Canal and has played a key role in sectors from banking to telecommunications, he said, adding that Taiwan …