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Bloomberg Sudan’s military council signed a power-sharing deal with the country’s firebrand opposition that seeks to stem months of uncertainty and sporadic bloodshed after the overthrow of long-time president Omar al-Bashir. Under the accord, civilian and military representatives will form an 11-seat sovereign council with executive responsibilities, and elections will take place after three years. Images aired on pan-Arab satellite ...

Bloomberg A group of assailants targeted Turkish diplomats at an eatery in the northern Iraqi city of Erbil, an attack that reportedly left a deputy consul dead, according to Iraqi and Turkish television channels. Turkey’s deputy consul in Erbil was killed along with two companions, Iraq’s Sumaria TV reported, citing a security official, which couldn’t be independently verified. Turkey’s Haberturk ...

Bloomberg The Kremlin raised the possibility of changing Russia’s constitution after a top lawmaker proposed bolstering parliament’s powers, in a move that could help to extend President Vladimir Putin’s rule. The idea of constitutional amendments, including allowing parliament a say in forming the government, received “a widespread response” and are “a matter for discussion,” Putin’s spokesman, Dmitry Peskov, told reporters ...

Bloomberg Russia’s Foreign Ministry has denied visas for 30 new teachers at a Moscow school run by the US, British and Canadian embassies, in the latest sign of continuing diplomatic tensions with the west. The ministry informed the US Embassy that it will not process visas for the teachers at the Anglo-American School of Moscow in a move that may ...

Bloomberg Pakistan arrested Hafiz Saeed, the suspected planner of the 2008 Mumbai attacks, on terrorism related charges days before Prime Minister Imran Khan meets US President Donald Trump. Saeed, who heads the proscribed Jamaat-ud-Dawa group, was shifted to jail by the counter-terrorism police in Lahore, group’s spokesman Nadeem Awan said on phone. Saeed, who has been arrested and released many ...

Donald Trump has called the European Union a “foe” and has threatened to “tariff the hell” out of the 28-country bloc. So where should we put the chances of the US president agreeing a trade deal with Brussels before he has to face reelection next year? In a surprising burst of cheerful optimism, Germany’s economy minister Peter Altmaier places them ...

When you’re in the business of buying and selling, timing is everything. That’s the costly lesson facing BHP Group, which is looking at options to divest its thermal coal assets according to a report by Thomas Biesheuvel of Bloomberg News that cited people familiar with the matter. Arch-rival Rio Tinto Group raised $2.7 billion selling mines in the Hunter Valley ...

The S&P 500 has breached 3,000 for the first time — but the market for initial public offerings is certainly not celebrating. The world’s biggest stock sale of the year looks likely to price at the lower end of its price range, and a big UK listing has just been pulled. Rising markets may be making issuers greedy. Buyers of ...

Federal Reserve Chairman Jerome Powell was right in making clear during his Congressional testimony that despite the strong jobs report for June, the central bank will cut interest rates for the first time since 2008 at its monetary policy meeting. He was wrong in dismissing the need to reduce rates by half a percentage point. By lowering its target for ...

The stereotypical view that the European Union is far from the minds of most Europeans is challenged whenever a technology-related topic is on the agenda of the European Parliament. Over the 10 years that I served there, few battles for legislative outcomes were more fiercely contested. But the attendant controversies often lead to protracted processes, ambiguous laws and ineffective regulation. ...