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Georgia’s ex-leader jailed as nation goes to polls

Bloomberg Former Georgian President Mikheil Saakashvili, detained as the country prepared for local elections, urged his supporters to get out and vote against the incumbent party. Saakashvili, who returned from eight years in exile in defiance of warnings he’d be prosecuted for alleged abuse of power, was moved to the Rustavi prison, near the capital, Tbilisi. The government has accused ...

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France’s Le Drian to hold talks with US’ Blinken

Bloomberg French Minister of Foreign Affairs Jean-Yves Le Drian is expected to hold talks with US Secretary of State Antony Blinken in Paris next Tuesday, in a bid to improve ties after the recent diplomatic crisis between the two countries. The two ministers will hold in-depth talks “in o rder to identify the steps that could allow the restoration of ...

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Japan’s banks desperate hunt for yield draws more scrutiny

Bloomberg Japan’s financial regulator (FSA) is keeping a closer watch on the nation’s banks and insurers as their drawn out hunt for yield pushes them into riskier non-traditional assets. After years of ultra-low interest rates and record levels of deposits, it’s “inevitable” that firms are taking bigger risks, according to Toshinori Yashiki, who’s in charge of assessing risk at banks ...

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