Explosion targets tourist bus in Egypt, 16 injured

Bloomberg At least 16 people were injured when an explosive device targeted a tourist bus near the Giza pyramids in Egypt, said Hanaa Serour, an official at the Health Ministry. Some of the wounded were foreign nationals, according to Mohammed El-Saghir, head of police investigations in Giza’s al-Haram neighbourhood. The blast occurred in front of a museum that’s under construction, ...

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Modi’s coalition set to return to power: Exit polls

Bloomberg PM Narendra Modi is likely to return to power at the head of a coalition government, with exit polls predicting his Bharatiya Janata Party and its allies will win a majority of seats in India’s parliament. The BJP-led National Democratic Alliance will win as many as 306 seats in India’s 543-seat lower house, according to an exit poll from ...

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Austria’s Kurz seeks to rule solo after dumping nationalists

Bloomberg Austrian Chancellor Sebastian Kurz ended his controversial coalition with the nationalist Freedom Party after a video compromised his junior partner, seeking an early election in a gamble he can govern alone. Twenty-six hours after Austrian politics was turned upside down by the publication of secretly filmed footage showing his deputy promising government contracts in return for campaign funding, Kurz ...

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Merkel steps up contest for EU’s future

Bloomberg German Chancellor Angela Merkel warned Europeans against falling sway to populists, evoking the continent’s wars in a proxy showdown with Italy’s deputy premier before voters have their say next week. On a day when far-right politics brought down a government in Austria, Merkel stepped up her message that only the EU’s established parties could protect liberal values and seven ...

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‘Duterte signing papers, not confined in hospital’

Bloomberg President Rodrigo Duterte is in his residence at the presidential palace in Manila signing papers, his spokesman said, denying that the Philippine leader was confined in a hospital. “I just talked to him,” spokesman Salvador Panelo said in a statement. “He’s neither confirming nor denying that he went to the hospital,” the spokesman said. ABS-CBN News said in a ...

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Trump’s disruptive style has diminishing returns

President Trump has styled himself in foreign policy as the Great Disrupter. And for a time, this unpredictable approach served him reasonably well. Leaders from China, North Korea and Iran found themselves off balance, and they sometimes made what looked like concessions. Trump’s problem is that, after two years, foreign nations seem to have figured him out. Rather than crafting ...

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Macron takes a closer look at Facebook

Social networks such as YouTube and Facebook have the power to make content go “viral,” spreading it at an unprecedented and uncontrollable pace. That seems innocent enough when you’re looking at a cat video, but if it’s murder, for example, the lack of a way of stopping the virus becomes glaring. After the New Zealand mosque shootings were streamed live ...

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Yes, bank on things being worse than they look

It’s no secret that India’s banking regulator hates having its officials sit on the boards of state-run lenders. The practice exposes the Reserve Bank of India (RBI) to all kinds of potential conflicts it would rather avoid. So when the RBI used its special powers to appoint a former deputy governor as a director of Yes Bank Ltd., a non-state ...

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How the European Union can succeed on migration

Start with the good news: Some 150,000 migrants sought to enter Europe illegally last year. That represents a 92% drop since 2015. The number of people seeking asylum in 2018 was 646,000, less than half of what it was three years ago. In numerical terms, Europe’s migration crisis is over. Politically, the issue remains as divisive as ever. Ahead of ...

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The world’s last coal plant will soon be built

Fossil-fuel advocates have a favorite rejoinder to those who predict a global shift to renewable energy: Coal has never been more popular. It’s a decent argument because it happens to be true. While coal-fired power has declined by nearly a quarter in Europe and almost 40 percent in North America over the past decade, the change has been overwhelmed by ...

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