Sooner or later, all UK Chancellors of the Exchequer have a choice to make: Are they the prime minister’s executive assistant for financial affairs? Or their successor in waiting? It’s a question that comes up because of the relative might of the UK Treasury and the ghosts of great Chancellors past, from William Gladstone to Winston Churchill to Gordon Brown. ...

Prime Minister Mario Draghi of Italy is being heralded as a new leader for Europe in the post-Angela Merkel era. With German politics in the deep freeze and France’s Emmanuel Macron facing presidential elections, Draghi, who’s credited with saving the euro with three words, looks like an unequalled pair of safe hands. To get an idea of why Europe’s elites ...

Long a source of resilience in the world economy, China joins the list of vulnerabilities that threaten to upset a shaky recovery. The slowdown in Chinese growth, exacerbated by debt crises in the property sector and an energy shortage that is closing factories, makes the global rebound even more dependent on the US Beijing doesn’t look like it’s ready to ...

Executives from Barclays Plc, BlackRock Inc, JPMorgan Chase & Co and other big names in finance will gather with hundreds of investors at a UK summit on October 19 to extol the virtues of green investment and fighting climate change. But how many of these leaders are directly and personally invested in cutting emissions or cleaning up portfolios through their ...

Bloomberg Chinese and Indian military commanders are deadlocked over the best way to pull back troops from a strategic area in the Himalayas, people familiar with the discussions said, raising the prospect for another tense winter along the border. China insisted last week that India pull back thousands of reserve troops and weaponry it brought to the border last year, ...

Bloomberg China said the mystery object launched into space earlier this year was a reusable space vehicle, describing a more innocuous incident than a report over the weekend that Beijing sent a hypersonic missile into orbit. Chinese Foreign Ministry spokesman Zhao Lijian said at a regular news briefing on Monday that the test had “great significance for reducing the cost” ...

Bloomberg Myanmar junta leader Min Aung Hlaing blasted other Southeast Asian countries for demanding that his military end worsening violence at home, after he was excluded from a big ticket regional summit later this month over civil strife. Allies of ousted civilian leader Aung San Suu Kyi were driving the repeated calls, the coup leader said on state-broadcaster MRTV on ...

Bloomberg A conservative mayor will lead Hungary’s united opposition against Prime Minister Viktor Orban in the most fiercely contested election in more than a decade. Peter Marki-Zay dominated the six-party alliance’s primary runoff, defeating Klara Dobrev, a European Parliament vice president and the candidate of DK, the biggest opposition party. The victory gives him a chance to take on the ...

Bloomberg Malaysia will hold its first state-wide snap election under Prime Minister Ismail Sabri Yaakob’s leadership on November 20, according to the Election Commission. Nomination day for the Malacca state polls is set for November 8, while early voting will be held on November 16, the commission said on Monday. The polls set the stage for Ismail’s first popularity test ...

Bloomberg Goldman Sachs Group Inc economists say they no longer expect China to cut the amount of cash banks must hold in reserve this year after the central bank pledged to keep overall liquidity conditions relatively stable. The probability of a cut in the reserve requirement ratio is lowered, and the People’s Bank of China (PBOC) might rely on open ...