MOGADISHU / AP The Somalia-based extremist group al-Shabab claimed responsibility on Thursday for a mortar attack outside the presidential palace during a handover ceremony for the country’s new leader, a sign of the enormous security challenges he faces in trying to develop this long-chaotic country. The blasts were heard during the ceremony for President Mohamed Abdullahi Farmajo. The SITE ...

  Bloomberg The six largest US banks could see annual profit jump by an average of 14 percent if President Donald Trump delivers on his promise to cut corporate taxes. The lenders, which stand to benefit more than other industries because they typically have fewer deductions, could save a combined $12 billion a year, according to data compiled by Bloomberg. ...

  Bloomberg Italy’s parliament approved a law to plow as much as 20 billion euros ($21 billion) into Banca Monte dei Paschi di Siena SpA and other troubled lenders as part of the nation’s efforts to revamp its banking industry. The lower house gave its final approval to the legislation Thursday, converting the decree law passed by Prime Minister Paolo ...