Bloomberg The Kushners have found their out—and it comes at a price. The family firm of presidential son-in-law Jared Kushner will be relieved of the biggest drag on its real estate empire, will no longer face a $1.2 billion debt payment due in months, will be rid of having to overhaul an aging property. But in return, they’ve given up ...

Bloomberg Emmerson Mnangagwa won Zimbabwe’s presidential election, a victory overshadowed by deadly protests, opposition allegations of rigging and threats of legal action, and criticism by observers that the contest was flawed. The controversy surrounding the vote may undermine efforts to reunify the southern African nation and rebuild an economy battered by almost two decades of misrule under Robert Mugabe, who ...

Bloomberg The federal judge presiding over the reunification of immigrant children separated from their parents at the US border ordered the government to figure out how to reunite the more than 500 children still in custody after calling the government’s efforts “unacceptable.” The government must “identify an individual or a team” to create and implement a procedure for those kids ...

Bloomberg Malian President Ibrahim Boubacar Keita and a former finance minister will contest a runoff vote on Aug. 12 in the country’s presidential elections after no candidate secured a majority in the first round. Keita secured 41.4 percent of ballots cast in the July 29 election and his main opponent, Soumaila Cisse, obtained 17.8 percent, the Ministry of Territorial Administration ...

Bloomberg Teva Pharmaceutical Industries Ltd. plummeted the most in six months after US sales fell amid price erosion for generic drugs, the company’s biggest business. The 18 percent slump in overall second-quarter sales to $4.7 billion trailed analysts’ average estimate and was led by a decline in sales of copycat drugs in North America. Rapid approvals for generic medicines and ...

Bloomberg Falling prices and government mandates are set to boost sales of electric vehicles globally, making owning and operating charging infrastructure an attractive area for investment. Charging infrastructure in North America will draw $18.6 billion by 2030, according to a report by Wood Mackenzie Ltd. It’s not just North America that’s benefiting. There will be as many as 40 million ...

Bloomberg The latest US jobs report showed the kind of gains that justify the Federal Reserve’s plans to keep raising interest rates and also give central bankers little urgency to pick up the pace. Employers added workers at a steady, albeit cooler, pace in July, and the prior two months were revised higher, Labor Department figures showed. Wages extended their ...

Bloomberg China intends to slap duties on US shipments of some fertilisers as part of a $60 billion ramp up in a trade war between the two nations. The good news for US producers is the move is unlikely to have any significant impact on their business. It’s “no concern,” RBC Capital Markets analyst Andrew Wong said in an email. ...

Bloomberg When the Acura NSX debuted at the Chicago Auto Show in 1989, it featured such newfangled technologies as an all-aluminum monocoque body, forged pistons, and titanium connecting rods. At the time, it was regarded as the best sports car ever produced by an Asian brand. “It was looked at as a fantastic car, relative to what you could buy ...

Bloomberg Facebook Inc, during all its years of expansion, has been focussed on one thing above all else: getting people to spend more time on its social network. Now, as tech giants face increasing criticism over the addictive nature of their products, the company is releasing features that do the opposite. Facebook and Instagram, its photo-sharing app, will add controls ...