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Bloomberg Both North Korea and left-leaning supporters of South Korean President Moon Jae-in want him to restore economic ties broken by security tensions. But pleasing them would mean angering US President Donald Trump. North Korea said it was closing down communication links set up two years ago between Moon and Kim Jong-un, jeopardising the South Korean leader’s 2017 campaign promise ...

Bloomberg The reverberations from Donald Trump’s latest broadside against Germany have reached all the way to Moscow. The president’s decision to withdraw more than a quarter of the US troops stationed in her country leaves Chancellor Angela Merkel exposed at a moment when she’s facing growing pressure to get tough with Vladimir Putin and was welcomed in the Russian capital. ...

Bloomberg Joe Biden is working to show he’s an ally for black voters in their fight against police brutality, yet the likely Democratic nominee is only willing to go so far. In the wake of George Floyd’s death while in Minneapolis police custody, Biden has taken a tough stance against police misconduct, urging additional training for law enforcement and an ...

Bloomberg More than 142 people are missing and 57 feared killed after troops in Mali and Niger scaled up counter-terrorism operations in recent months, Amnesty International said. The human-rights group documented 199 cases of abuses, arbitrary arrests and forced disappearances by troops in the two countries, as well as neighbouring Burkina Faso, in February and March. The security forces were ...

Bloomberg Burundian President Pierre Nkurunziza, whose 15-year rule was marked by political violence and upheaval that earned his country international pariah status, has died. He was 55. Nkurunziza suffered a heart attack on June 8, two days after playing a volleyball match, the government said. He was due to step down in August, after an election last month won by ...

Bloomberg The International Monetary Fund’s (IMF) executive board approved $5 billion of aid to Ukraine, the culmination of months of talks that grew more urgent as coronavirus pandemic struck. The Washington-based lender will disburse the first $2.1 billion loan tranche immediately, according to an emailed statement. Ukraine needs money to help cover its budget deficit, which tripled as the government ...

Bloomberg The coronavirus pandemic is splintering the world economy, and the extraordinary action needed means policy makers cannot risk a premature withdrawal of lifelines to businesses and the most vulnerable people, the OECD warned. It made the grim assessment in its quarterly outlook, where it forecast a global slump of 6% this year, more than the World Bank earlier this ...

Bloomberg Duck Creek Technologies, a software provider for insurers, has raised $230 million from new and existing investors ahead of a planned initial public offering. The Boston-based company attracted Kayne Anderson Rudnick Investment Management and Whale Rock Capital Management as new investors, according to a statement reviewed by Bloomberg. The valuation of the company in the round wasn’t included in ...

Bloomberg Europe needs to quickly deregulate its capital markets to encourage people to buy more stocks, according a panel of top industry executives. With massive amounts of debt being sold to counter the coronavirus recession and the European Union (EU) losing its financial hub in Brexit, the group said companies need greater access to equity investment now more than ever ...

Bloomberg The landlord that owns chunks of London’s trendy Soho district has written down the value of its portfolio by more than $383 million, after coronavirus forced its stores and restaurants to close. Shaftesbury Plc said its portfolio fell by 7.9% in the six months through March to 3.5 billion pounds, according to a statement on Wednesday. The company has ...