Bloomberg Nigerian president Muhammadu Buhari ruled out the possibility of changing the constitution to seek a third term in office, Punch newspaper reported. The head of state, 76, was re-elected in March for a second four year mandate, the last he is permitted under the west African country’s constitution. Speculation is already turning to who the ruling All Progressives Congress ...

Bloomberg Millions of Hong Kong residents will vote on Sunday in local elections, marking their first chance to weigh in at the polls after five months of increasingly violent protests calling for greater democracy in the former British colony. Ahead of the District Council election, Hong Kong officials warned the vote could be postponed after some candidates came under attack ...

Bloomberg Indian PM Narendra Modi’s Bharatiya Janata Party (BJP) agreed to a surprise alliance with the rival Nationalist Congress Party (NCP) to form the government in the western state of Maharahstra, home to the country’s financial capital, Mumbai. Modi tweeted his congratulations to BJP’s Devendra Fadnavis, who was sworn in as chief minister of the state. Ajit Pawar of the ...

Bloomberg British PM Boris Johnson tweeted that he’s looking forward to releasing the Tory party’s manifesto on Sunday, less than three weeks before the country goes to the polls. Johnson said the manifesto will respect the Brexit referendum and allow the government to focus on delivering “real benefits” to the nation. The tweet followed an appearance by Johnson and the ...

Bloomberg Bogota was placed under curfew for the first time in decades as Colombia became the latest Andean nation to be convulsed by violent anti-government protests. The mayor’s office instituted a city-wide curfew, as demonstrators clashed with security forces a day after a nationwide strike. Masked youths fought with police, and there were outbreaks of looting and vandalism in many ...

The most favourable thing that can be said of President Trump’s 2017 tax cut — whose cost is reckoned at roughly $1.5 trillion over a decade — is that it disappointed. A harsher but perhaps more accurate judgment is that it flopped. It didn’t perform as advertised. This is not just a verdict on the past; it’s also a warning ...

The United Nations’ recent report that 200,000 Syrians have been displaced as a result of the Turkish-led military operation in the country’s northeast highlighted what many of us already knew: Syria is the worst human-rights catastrophe of the 21st century. In just the past two weeks, we have learned about more executions, beatings, and war crimes against civilians committed by ...

Samir Assaf, the head of HSBC Holdings Plc’s investment bank, referred to himself as the “last man standing” among his generation of peers in London. Last week, it was revealed that he’ll be leaving the post. It won’t be the last big change at the giant Anglo-Asian lender. Slowing global growth, declining interest rates, trade tensions and unrest in Hong ...

Two- and-a-half years after the Indian central bank took the highly unusual step of directing banks to put 12 large corporate debtors into bankruptcy, the most closely watched of the “distressed dozen” cases has finally been resolved. With the Supreme Court in New Delhi clearing the decks for the sale of Essar Steel India Ltd., the Ruia family has accepted ...

Interest rates could surge, exchange rates may collapse, the sun might stop shining brightly. Every conceivable danger an investor needs to be aware of in an initial public offering is discussed in the August prospectus of Sterling and Wilson Solar Ltd., among the world’s biggest engineering contractors to solar farms. And yet, the risk that struck hapless shareholders was buried ...