Bloomberg Thailand’s Prime Minister Prayuth Chan-Ocha joined a new party as he looks for ways to extend his eight-year rule despite term limits, signaling shifting alliances and a ramp up in political jockeying ahead of elections slated for May. On Monday, Prayuth became a member of the newly-formed Ruamthai Sarngchart party, which has pledged to name the former army chief ...

  Bloomberg Illinois lawmakers approved a bill that will ban the sale and manufacturing of certain assault weapons in the state. The state’s Democratic-controlled senate passed the legislation by a margin of 34-20 late Monday after deliberations that started on Sunday, with Governor J.B. Pritzker pushing for the ban at his inauguration speech in the afternoon. The bill comes in ...

  Bloomberg Goldman Sachs Group Inc is embarking on one of its biggest rounds of job cuts ever as it locks in on a plan to eliminate about 3,200 positions this week, with the bank’s leadership going deeper than rivals to shed jobs. The firm is expected to start the process mid-week and the total number of people affected will ...