Bloomberg President Donald Trump touches down in Beijing on Wednesday seeking immediate wins for the world’s-biggest economy. His host, President Xi Jinping, is playing a longer game. Xi has mapped out a two stage blueprint: first, to entrench China’s manufacturing might by 2025 through a shift up the technology chain to high value-add products. Second, as laid out last month, ...

Bloomberg A Kenyan politician and two activists lodged separate petitions at the Supreme Court seeking the annulment of results from last month’s presidential-election rerun, arguing the vote was illegal and wasn’t free and fair. Harun Mwau, a former lawmaker, filed a petition challenging the validity of the vote result, Judiciary spokeswoman Lilian Mueni said by phone from the capital, Nairobi. ...

Bloomberg Poland’s Prime Minister Beata Szydlo, seeking to move past reports that she may soon be dismissed, met ruling-party leader and potential successor Jaroslaw Kaczynski to discuss plans for a ministerial shakeup in her cabinet. The changes envisage reorganization of some ministries and personnel changes, government spokesman Rafal Bochenek told PAP news agency after the late on Monday meeting. The ...

Bloomberg Zimbabwean President Robert Mugabe fired a vice president who his wife Grace accused of plotting against her husband for the second time in three years, highlighting the first lady’s rise to the pinnacle of power in the southern African nation. The dramatic dismissal of Emmerson Mnangagwa on Monday came a day after Grace Mugabe publicly accused the former spy ...

It will be Powell’s Fed. Assuming he’s confirmed by the Senate, Jerome (‘Jay’) Powell will become the 16th chairman of the Federal Reserve Board in early 2018. Almost by definition, he instantly becomes the most important economic policy-maker in the world. But who is he? Outside economic circles, hardly anyone knows. So let’s catch up. Powell would be the first ...

Forget the lending book. Dismiss the wealth-management aspirations. It’s DBS Group Holdings Ltd.’s embrace of technology that could be the next big driver of shareholder returns at Southeast Asia’s biggest lender. DBS’s announcement that it now has the world’s largest application programming interface platform for banking, with users including McDonald Corp., may appear at first like marketing gimmickry. Being able ...

There are many unanswered questions about the man who shot and killed at least 26 people at a church in Sutherland Springs, Texas, on Sunday. In the days ahead, more facts will emerge. But the most common question — could anything have been done to stop him? — will also be the most difficult to answer, the most hotly debated, ...

Donald Trump’s grand tour of Asia will attract a lot of attention this week, but in one respect the fuss will be misleading. The president will be no more than a bystander when the region’s leaders make a very big decision — whether to go ahead with the Trans-Pacific Partnership (TPP), a deal that the US designed and subsequently abandoned. ...

Corruption, black money, terrorism, fake currency — Prime Minister Narendra Modi resolved to eliminate all in one stroke when he announced India’s biggest-ever cash ban on November 8 last year. However, the short term costs of his move are outweighing the benefits. He invalidated 86 percent of currency in circulation, saying the move was essential to combat graft and terrorism, ...

Instead of bringing clarity, an impressive price surge last week accentuated the differences within the financial industry about the future of the bitcoins. Opinions range from those asserting that we are witnessing the birth and maturation of a new global currency to those who argue that the phenomenon is a ‘fraud,’ with a large middle either reserving judgment or arguing ...