Bloomberg Queen Elizabeth II approved Boris Johnson’s request to suspend parliament for almost five weeks ahead of Brexit. The prime minister’s move sets up a showdown with lawmakers who want to block him from taking the UK out of the European Union without a deal. The pound fell. Privy Council said Queen approved Johnson’s request to prorogue — suspend — ...

Bloomberg India’s Supreme Court has agreed to examine the constitutional validity of Prime Minister Narendra Modi’s decision to scrap Kashmir’s autonomy but refused to immediately lift an unprecedented state-wide lockdown on communications and movement. The court’s three-judge panel headed by Chief Justice of India Ranjan Gogoi said a constitution bench comprising five judges will review the legality of abrogating Article ...

Bloomberg Philippine President Rodrigo Duterte will meet Chinese leader Xi Jinping on Thursday with a plan to play his ace card — an international ruling that invalidated some of Beijing’s claims in the South China Sea. Duterte said he will use the Philippines’ 2016 internationaltribunal win against China, which he set aside to warm ties and tap Chinese funding, to ...

Bloomberg Interest from Hong Kong residents in leaving the city has surged since street protests broke out in the former British colony. About 200 people showed up at a seminar organised by InvestUK, an adviser that helps people secure investor visas to move to the UK from Hong Kong, in July compared with about 40 people usually, according to the ...

Bloomberg Separatists in Cameroon called for a lockdown in the country’s Anglophone regions after a weekend of unrest in which at least 40 people reportedly died. The call for a lockdown came a week after a military tribunal jailed 10 rebel leaders including Julius Ayuk Tabe, the self-proclaimed president of the area that separatists have labeled Ambazonia, on charges including ...

Bloomberg Tanzania agreed to repatriate Burundian refugees who have been sheltering in two major settlements, the Burundian Interior Minister Pascal Barandagiye told the national broadcaster. Tanzania estimates it has more than 220,000 Burundian refugees who fled from its northwestern neighbour during a political crisis that began in 2015. “There is no reason for refugees to stay in Tanzania” while their ...

We’ve become so gloomy about the euro zone that it’s easy to neglect the bright spots. After a very tough 2018 for President Emmanuel Macron, France, the second-largest economy in the monetary union, is faring much better than most experts would have assumed. Its economic model — less reliant on exports than Germany — is proving mo-re resilient to dangers ...

Up to now, President Donald Trump’s largely ill-conceived effort to roll back financial regulation had one redeeming feature: a mostly sensible plan to improve the Volcker Rule, a piece of the 2010 Dodd-Frank Act aimed at limiting banks’ ability to take undue risks with taxpayer backing. Not anymore. A new round of tweaks, which regulators are in the process of ...

Emerging-market currencies are having their worst month since May 2016. To confound matters, some of the usual rules of investing have broken down. When the global economic outlook is dimming, traders often sell currencies of small, open, trade-reliant economies — say, South Korea’s won — and cling to higher-yielding assets. This is driven by the so-called carry trade, when investors ...

US President Donald Trump’s trade war with China keeps undermining the confidence of businesses and consumers, worsening the economic outlook. This manufactured disaster-in-the-making presents the Federal Reserve with a dilemma: Should it mitigate the damage by providing offsetting stimulus, or refuse to play along? If the ultimate goal is a healthy economy, the Fed should seriously consider the latter approach. ...