Bloomberg Soldiers were deployed on the streets of London on Wednesday, as police hunted down the network behind the Manchester suicide bomber and authorities warned another attack was “imminent.” Manchester’s police chief, Ian Hopkins, said it’s “very clear” that police are investigating a “network” responsible for the attack that killed 22 people including children at a pop concert in the ...

Bloomberg Brazil’s President Michel Temer is struggling to put down a rebel movement by legislators in his own party who are discussing his replacement after damaging graft allegations surfaced. The best solution to remove Temer, who is being investigated by the prosecutor-general on corruption and cover-up charges, is for the top electoral court to annul the 2014 election result in ...

Bloomberg Philippine President Rodrigo Duterte said he might expand martial law nationwide if violence currently confined to the south spreads to the main island of Luzon. “If I think IS has already taken control in Luzon and terrorism is not really far behind, I might declare martial law throughout the country,” Duterte said in a televised speech on Wednesday after ...

By the time Georgia’s 6th District votes in the June 20 special congressional election, $40 million — perhaps more than $130 per ballot — will have been spent to pick one-435th of one-half of one of the three branches of one of America’s governments. This is an expensive funeral for Tip O’Neill’s incessantly quoted and increasingly inapplicable axiom that “All ...

In the match for India’s financial services future, fintech just scored twice while banks are still struggling to retrieve the ball they scuffed into their own net. It’s just the start of what looks like a bruising battle for traditional lenders. India’s banks, which still dominate the country’s financial landscape, appear to have hardly a kick left in them. Stressed ...

Canada’s housing market offers a case study in a contentious economic issue: If a central bank sees a bubble forming, should it act to deflate it? In this instance, the answer should be a resounding yes. A combination of foreign money, local speculation and abundant credit has driven Canadian house prices to levels that even government officials recognize cannot be ...

People have been discussing how Donald Trump interacts with other humans, guessing at the extent to which he is capable of anticipating or understanding how they think. Some believe he has no such “theory of mind.” I disagree: He has one, but it’s path-independent. Remember when he thought people would like the fact that he’d fired FBI Director James Comey? ...

Reuters Major Gulf stock markets weakened on Wednesday, with amusement park operator DXB Entertainments (DXBE) continuing to drag down Dubai while banking shares lif- ted Egypt in the wake of Sunday’s interest rate hike. DXB Entertainments slid by 3.1 percent to 0.782 dirhams, its lowest level since early 2015. The stock has tumbled 40 percent this year on low attendance ...

Bloomberg Markets were largely in a holding pattern on Wednesday, with European stocks struggling to maintain gains and the dollar edging lower as investors awaited fresh insight on the path for borrowing costs in the world’s biggest economy. China’s credit-rating downgrade sank industrial metals. The Stoxx Europe 600 Index erased most of its advance as auto makers fell in the ...

VIENNA / Reuters OPEC and non-member oil producers could deepen output cuts or extend them for a year when they meet in Vienna this week as they seek to clear a global stocks overhang and prop up the price of crude, Kuwait said on Wednesday. The top oil producer in OPEC, Saudi Arabia, favours extending the output curbs by nine ...