Bloomberg Arab countries will step in to help the UN agency serving Palestinian refugees after the US’s decision to cut off funding, Egypt’s foreign minister said, as President Donald Trump’s allies seek to contain the fallout of his attempt to re-write the rules that have underpinned decades of peace talks. The Trump administration said last month it would not make ...

Bloomberg North Korean leader Kim Jong-un greeted South Korean President Moon Jae-in in an elaborate welcoming ceremony as he arrived at Pyongyang airport on Tuesday for a landmark visit to salvage stalled nuclear talks between the regime and the US. Thousands of North Korean men and women waved flowers and flags as Kim and Moon shared smiles and handshakes on ...

Bloomberg Japanese Prime Minister Shinzo Abe downplayed the significance of military drills involving a submarine in the South China Sea, saying relations with China are on the right track. Japan held a submarine exercise in the South China Sea, which also involved five aircraft and three destroyers, on September 13, according to a statement from Japan’s Maritime Self-Defense Force. Kyodo ...

Bloomberg President Donald Trump said the US is looking “very seriously” at establishing a permanent military base in Poland. Trump said at an Oval Office meeting on Tuesday with Polish President Andrzej Duda that the two would discuss the possibility and “we’re looking at it very seriously.” “Poland is willing to make a very major contribution to the United States ...

A ll during the 2008-09 financial crisis, Americans were told that the government was saving Wall Street not to protect overpaid bankers but to help Main Street avoid a second Great Depression. It was a hard case to make. However valid the logic, it was overwhelmed by infuriating realities — government was pouring tens of billions into the financial system ...

The Hong Kong Stock Exchange is poised to lead the world in IPOs. In the past eight months, the city hosted 132 initial offerings to raise a total of $23.8 billion, surpassing the $20.6 billion garnered by the New York Stock Exchange’s (NYSE) 40 sales. That’s an impressive record. Now for a less impressive metric: Hong Kong trails New York ...

We all know the sage advice that in a gold rush the best thing to do is sell shovels. My caveat would be to ensure you’re paid in cash. And just to be clear for the modern world, this does not mean getting paid in Bitcoin Cash. Yes, I am looking at you, Bitmain Technologies Ltd. The Chinese company is ...

After a string of scandals, the European Commission has unveiled new plans to crack down on money laundering. It’s right to take this problem seriously — but its proposals are weak. Instead of setting up a new agency and equipping it to do the job, Europe plans to keep relying on national authorities, some of which aren’t up to the ...

It was as a newspaper-office intern in New Delhi in 1992 that I witnessed the birth of India’s homegrown belt-and-road initiative. The program was midwifed by an up-and-coming lender that few had then heard of: Infrastructure Leasing & Financial Services Ltd. (IL&FS). It wasn’t called belt-and-road, a term that would gain currency much later as a catchphrase for China’s opaquely ...

The first stage of this emerging market currency crisis was all about how the problems of individual nations were spilling over into contagion — but without dollar strength as a factor. No longer. A nine-year high for US average hourly earnings in last week’s non-farm payroll report, combined with the strongest reading for the manufacturing PMI index since 2004, have ...