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DUBLIN / Bloomberg Irish Prime Minister Enda Kenny’s Fine Gael-Labour coalition looks set to lose its majority in the Feb. 26 general election, a poll late Tuesday in Dublin showed. That may push him toward Fianna Fail, which led Ireland into the worst banking crisis since the Great Depression. Bookmaker Paddy Power makes a first-ever grand alliance between the two ...

Paris / Bloomberg Former French President Nicolas Sarkozy was charged with illegal campaign financing in relation to his 2012 re-election bid, meaning he is now facing two possible trials in court as he contemplates an attempt to return to office. An investigative judge decided to charge the former French president for exceeding the legal limit for election expenses after questioning ...

London / Bloomberg Britain’s unemployment rate remains at its lowest level in a decade, official data showed on Wednesday. Unemployment stood at 5.1 percent in the three months to December, unchanged from the three months to November, the Office for National Statistics (ONS) said. That was the lowest rate, or proportion of the workforce that are unemployed, since October 2005. ...

LISBON / Bloomberg Portugal just can’t shake off its bears. The nation’s bonds are underperforming their counterparts across the euro area even as a recovery in stocks and oil prices boosted demand for higher-yielding assets. The extra yield, or spread, that investors get for holding Portuguese 10-year bonds instead of the benchmark German bund climbed for the first time in ...

Mayibouth / AFP In the remote wilderness of the Belinga mountains in northeast Gabon, men with shovels in hand dig from morning to night, filling wheelbarrows with soil laced with what they are looking for: gold. The clearing in the equatorial forest is covered with dozens of holes, some four metres (13 feet) deep. “We arrive around seven in the ...

AlmerIa / AFP In a vast sea of plastic greenhouses in southeastern Spain, dubbed “Europe’s vegetable garden”, discontent is growing among farmers who complain large supermarket chains do not pay enough and farm workers live in poverty. Since the 1980s, one of the largest concentrations of greenhouses in the world has developed on a coastal plain near the city of ...

When Chinese President Xi Jinping unveiled the blueprint for the enormous $46 billion China-Pakistan Economic Corridor (CPEC) project last year, Pakistan was understandably pleased. The Pakistani government considers the project a game changer for its fragile economic structure. This exhilaration partly stems from the country’s wobbly economic performance in recent years, which has seen it fall short of GDP and ...

Peter Sands, the former chief executive officer of Standard Bank, is among those who want to abolish high-denomination currency notes, “the preferred payment mechanism of those pursuing illicit activities.” In the wacky world of negative interest rates, though, pallets of hundred- dollar bills and 500 euro notes are poised to become a fashionable store of value for any cash-rich company ...

Kurt Campbell, then-assistant secretary of state for East Asian and Pacific Affairs, e-mailed then-Secretary of State Hillary Clinton about the disputed Senkaku/Diaoyu Islands on October 2, 2012 – less than a month after the Japanese central government nationalized the islands – it was revealed in the latest batch of emails released by the U.S. State Department. Campbell wrote, “We assess ...

Bloomberg Chinese lenders are reacting to a regulatory crackdown on shadow financing by increasing activity in their more opaque receivables accounts, a practice Commerzbank AG estimates may result in losses of as much as 1 trillion yuan ($153 billion) over five years. Banks are increasingly using trusts or asset management plans to lend and recording them as funds to be ...