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Brazil abandons UN migration treaty

Bloomberg Brazil’s incoming government won’t sign a broad United Nations migration treaty, following in the footsteps of the US and Chile in a crackdown on open borders. Ernesto Araujo, who will be Foreign Minister under President-Elect Jair Bolsonaro, said on Twitter that the United Nations Global Compact for Migration is “an inadequate instrument to deal with the problem” and that ...

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Kabila may seek presidency after 18-year Congo rule

Bloomberg Outgoing Democratic Republic of Congo President Joseph Kabila signalled he’ll remain active in politics and would consider running for office when he’s eligible again in 2023. The 47-year-old leader is preparing to step down after ruling the cobalt- and copper-rich Central African nation for almost 18 years. He’s chosen Emmanuel Ramazani Shadary to succeed him in a December 23 ...

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Germany’s economy will be Europe’s problem

The imminent end of German Chancellor Angela Merkel’s final term presents a great challenge for both her country and the entire European project. If her successor can’t pull the German economy out of its slide towards second-tier status, the union could lose its most important financial supporter. Since Merkel’s announcement that she will not seek another term in 2021, the ...

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