Guaido: US military action on the table for Venezuela

Bloomberg Venezuela’s opposition leader Juan Guaido said he cannot rule out the option of the US military working with his nation’s armed forces to oust President Nicolas Maduro, telling the Washington Post that such an offer from the Trump administration would have to be voted on in the parliament he leads. Guaido, who is the National Assembly president and is ...

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Kim oversees live-fire military exercise

Bloomberg Kim Jong-un oversaw a live-fire military exercise that potentially included North Korea’s first ballistic missile launch since 2017 — challenging US President Donald Trump’s bottom line in nuclear talks. Kim watched as “large-calibre, long-range multiple-rocket launchers and tactical guided weapons” were fired off North Korea’s eastern coast, according to the official Korean Central News Agency (KCNA). The state media’s ...

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Anti-apartheid legacy a boon for ANC in vote

Bloomberg Siyabonga Matlala is unequivocal about who he’ll support in South Africa’s May 8 election: the same party he’s backed since apartheid ended a quarter century ago. “I will always vote African National Congress,” the 49-year-old farm labourer said in Fisantekraal, a shantytown on Cape Town’s outskirts. The unwavering loyalty of voters like Matlala has underpinned the ANC’s grip on ...

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The woman standing between Modi and a majority

Bloomberg Santu Adhikari scavenges with scarred hands through the rubble of a Tata Motors factory where he once hoped to work. But the plant was torn down before it was finished, and the 28-year-old now spends his days among its ruins in this field outside Kolkata, hunting for scrap iron to sell. Adhikari blames his grim predicament on one of ...

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The $100trn question

We live in an age obsessed with economic inequality. There is too much of it, most people seem to agree. After Donald Trump — his personality, behaviour and policies — inequality may well become the dominant issue in the 2020 election. This poses dangers, the most obvious being the tendency to blame the rich and the super-rich for everything that ...

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Macron’s Merkel strategy hasn’t worked

Emmanuel Macron swept to power in 2017 on a pro-EU, anti-far right ticket, determined to reshape the bloc in his image with the help of Germany’s Angela Merkel. But his early ambition to deepen Europe’s ties in a host of areas – including a common budget for the euro zone – was soon replaced by fudge and vague promises, as ...

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The West finally has its Huawei smoking gun

For more than a decade, executives, intelligence agencies and conspiracy theorists have been warning about the dangers of equipment from China’s Huawei Technologies Co. And for almost as long, Huawei has denied that its telecommunications products pose any kind of security threat. The West has finally found its smoking gun. Yet it may not be enough to sway those on ...

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Fed needs to develop a better feel for markets

This was supposed to be a no-drama, non-event Federal Reserve policy meeting — and was, until a small communication slip led to outsize moves in markets, with stocks and bonds selling off simultaneously. Understanding why tells us a lot about investor mentality and market positioning, not to mention the need for the Federal Reserve to develop a better feel for ...

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Does sprawling Indonesia really need a new capital?

Even as he awaits official confirmation of his election to a second term, Indonesian President Joko Widodo appears to be thinking about his legacy. He’s proposing a $33 billion plan to relocate the capital far away from clogged Jakarta. The idea isn’t as crazy as it sounds. That doesn’t mean it’ll work. Jokowi, as the Indonesian leader is known, is ...

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Google reminds rapid growth isn’t guaranteed

Google investors may have had a flashback to the company’s bad old days of 2015. That year may feel like a distant memory. That was before news cycles were measured in seconds. It was before people were talking in earnest about FAANG stocks and before Mark Zuckerberg had sat through multiple rounds of congressional hearings. Back then, Google’s growth looked ...

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