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Bloomberg The European Union agreed to grant the UK a three-month Brexit delay to January 31, removing the risk of a damaging no-deal split on Thursday as the British government tries to end the impasse in parliament. Prime Minister Boris Johnson was expected to push a vote in the House of Commons on Monday to trigger an early general election, ...

Bloomberg Chancellor Angela Merkel’s coalition faced a renewed setback with a resounding defeat in a state election and its main ally wavering over support for the government. Merkel’s Christian Democrats Union (CDU) plummeted nearly 12 percentage points from 2014 to 21.8% in an election for state assembly in the eastern state of Thuringia, according to preliminary results. At the same ...

Bloomberg Mozambique president Filipe Nyusi won a second term by a landslide in the natural-gas-rich nation’s October 15 elections that the main opposition rejected as a “mega fraud.” Nyusi won 73% of the vote, compared with rival Ossufo Momade’s 22%, the electoral commission announced in the capital Maputo. His party also won all 10 gubernatorial ballots and more than 70% ...

With so much bad news in the world these days, it was invigorating to spend last weekend in Yerevan, Armenia celebrating some courageous human-rights activists who reminded me of what’s best in the human spirit. The event was this year’s awards ceremony of the Aurora Prize for Awakening Humanity. The group was founded several years ago by three Armenians who ...

Nokia Oyj only really has two competitors in the telecoms equipment business, and one of them — China’s Huawei Technologies Co. — has been all but banned from much of the market. At the same time, phone companies are opening their checkbooks for a new generation of 5G technology that’s only supplied by Nokia, Huawei and the other big rival, ...

A charismatic entrepreneur who prioritised growth over profitability, ran up a massive rent bill and then stepped aside when it looked like the company might run out of cash. No, not WeWork Cos Inc.; I’m talking about Norwegian Air Shuttle ASA. On October 24, the hip transatlantic airline, loved by bargain-hunting American millennials, announced the first fruits of its turnaround ...

Before our eyes, nature is vanishing faster than we might have imagined. The bird population in the US has fallen by more than 30% in the past 40 years, as have insect populations in Germany. In the UK, 60% of mammals and birds have disappeared since 1970. Meanwhile, nearly one-third of marine mammals worldwide face extinction. The problem seems especially ...

From the Rocky Mountains to the Rhineland and Australia’s Great Dividing Range, the great tide of the coal industry is receding. The entire Powder River Basin, the region spanning the states of Montana and Wyoming that provides about half of America’s thermal coal, is “distressed,” Moody’s Investors Service wrote in a report last week. All companies producing coal there are ...

No matter how the UK’s tortuous process of leaving the European Union (EU) ends, those who supported Brexit as a way of curbing immigration will have to accept the immutable mathematics of demographics: Britain will remain economically reliant on foreign workers for decades to come. The Office for National Statistics (ONS) has just published its latest projections for the size ...

The top-line takeaway from a BNY Mellon Investment Management national survey on fixed-income investing was stunning: A measly 8% of Americans were able to accurately define fixed-income investments. The 29-question online survey of just more than 2,000 adults, conducted in July, clearly shows that many Americans admit to having little knowledge about various fixed-income markets and how to invest in ...