Bloomberg Malaysian PM Mahathir Mohamad abruptly submitted his resignation to the king on Monday and his party exited the ruling coalition, kicking off a race to form the next government of the Southeast Asian nation. The statement from Mahathir’s office contained no other details. It was unclear whether Mahathir would form a new coalition with other political parties, whether his ...

Bloomberg Bernie Sanders’ commanding win in Nevada dismantled the conventional wisdom about his level of appeal. It broadened his coalition to look more like the Democratic Party as a whole and will make it harder for fearful moderates to impede his path to the nomination. The knock on Sanders always has been that his energetic but narrow base — young, ...

Bloomberg US President Donald Trump received a red-carpet welcome in Ahmedabad on Monday, kicking off a two-day visit to India that is likely to be more about spectacle than substance. In a day packed with pageantry for the American president — who’s made no secret of his predilection for large crowds and impressive displays — Trump was greeted on the ...

Bloomberg Togolese president Faure Gnassingbe easily secured a fourth term in a February 22 vote, extending his family’s half century-long rule of the West African nation. Gnassingbe won 72% of the vote, the president of the Independent National Electoral Commission, Tchambakou Ayassor, said on Monday. Opposition candidate Agbeyome Kodjo, a former prime minister, received 18%. Voter turnout was 76% of ...

Bloomberg Chancellor Angela Merkel’s Christian Democratic Union (CDU) will accelerate the process of appointing a new leader as the party struggles to emerge from political turmoil. A special party conference will be held to choose a successor to Annegret Kramp-Karrenbauer on April 25, according to a CDU official. The party chairwoman who shocked Germany’s political establishment this month by abandoning ...

The latest Post-ABC News poll, which shows Sen. Bernie Sanders, I-Vt., with a 16-percentage-point lead over his nearest Democratic rival, former vice president Joe Biden, should settle at least one important question. It refutes the notion that most Democrats are focused single-mindedly on defeating President Trump — and that everything else is secondary. It turns out that everything else isn’t ...

Employers spend billions annually screening and assessing potential new hires, but they aren’t getting much for their money. As many as 95% of employers admit to hiring the wrong people each year. Worse, more than a third of employers report being unaware of the true costs of bad hires, which can reach as high as five times annual salary costs. ...

The minutes of the Federal Reserve’s monetary policy meeting show central bankers continue to move closer to explicitly allowing the economy to run hot enough to push the inflation rate above its 2% target for a period of time. The big undecided question is, will the Fed lower interest rates to meet this new objective? While a rate cut looks ...

The rise of social media has turned the fear of missing out — or FOMO — into a widespread anxiety. Those jitters may now strike parts of Europe’s banking sector with renewed anticipation for a wave of much-needed consolidation. An unsolicited bid by Intesa Sanpaolo SpA for Unione di Banche Italiane SpA triggered hopes of a process that would help ...

There hasn’t been much balance in the overheated debate around the post-Brexit trade settlement between Britain and the European Union (EU). So it was a welcome surprise to see former Morgan Stanley President Colm Kelleher describe Europe’s capital markets as “not fit for purpose” recently. It’s good to see an acknowledgement that maybe the EU doesn’t hold all the cards ...