Bloomberg Twenty-two states and the District of Columbia have joined the legal battle started by Mozilla Corp. and Vimeo Inc. to reverse the Federal Communications Commission (FCC) repeal of net neutrality. The Obama-era prohibitions, meant to prevent broadband service providers from slowing or blocking web traffic or demanding payment for faster speed across their networks, were rescinded by the FCC ...

Bloomberg Airbnb Inc. is largely known for cheap accommodations and the occasional awkwardness that comes with staying in someone else’s home. Now the company wants to broaden its appeal by incorporating what has long been seen as the enemy: hotels. At a company event, Brian Chesky, Airbnb’s co-founder and chief executive officer, outlined a roadmap designed to make his service ...

Bloomberg They were informally called the “Hapsburg group,” a misspelled reference to the monarchy that ruled parts of central Europe through World War I. Under that umbrella, former European heads of state were secretly paid more than 2 million euros ($2.4 million) by Donald Trump’s former campaign manager, Paul Manafort, to aid lobbying for Ukraine, according to a superseding indictment ...

Bloomberg The Church of the Holy Sepulchre in Jerusalem, Christianity’s holiest site, was closed to visitors on Sunday in an unprecedented move to protest proposed Israeli tax and land policies governing church-owned property. The heads of the Greek Orthodox, Roman Catholic and Armenian Apostolic churches in the city released a letter accusing Israel of a “systematic and offensive campaign” against ...

Bloomberg China’s Communist Party moved to repeal presidential term limits enshrined in the constitution, the clearest sign yet that Xi Jinping intends to stay on as leader past his second term. The party’s decision-making Central Committee proposed removing language from the document that says the head of state “shall serve no more than two consecutive terms,” the official Xinhua News ...

Bloomberg Italy’s ex-premier Matteo Renzi urged politicians to combat all forms of violence ahead of the March 4 elections, after street battles between far-left and far-right activists in the past few days. “I think it is very important for everyone — not just for a single party — to be here, to give a message against violence, against not just ...

Bloomberg President Maithripala Sirisena reshuffled the cabinet in Sri Lanka for the second time since forming a unity government in 2015 after its two main coalition partners were defeated in local government elections. Sirisena announced changes to six cabinet ministers, three state ministers and one deputy minister on Sunday, according to a statement from the president’s office. Prime Minister Ranil ...

The role of economic growth in advanced democracies is not mainly the accumulation of more material goods. By any historical norm, even today’s poor are staggeringly wealthy. Economic growth plays a more subtle role. It gives people a sense that they are getting ahead and are in control of their lives. It serves as the social glue that holds us ...

It’s disingenuous to think that India’s biggest banking fraud was just one bent officer in a bumbling state-run lender enriching an uncle-nephew pair of greedy diamond merchants. That’s the spin Punjab National Bank (PNB) is trying to put on the $1.8 billion scam that went on for seven years. According to the lender’s version, PNB’s former employee Gokulnath Shetty provided billionaire ...

A scandal in Latvia is raising questions about the European Central Bank’s ability to do its job. The details remain murky, but the ECB should move swiftly to reassure investors that its high standards will be upheld throughout the euro zone. A report by the US Treasury has alleged widespread money laundering at ABLV Bank AS, one of Latvia’s largest ...