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Bloomberg Theresa May’s cabinet is in open revolt against the prime minister and wants an interim leader to complete the Brexit process. According to the Sunday Times, at least six senior ministers want her deputy, David Lidington, to take the job until there’s a formal leadership election. They’ll confront her at a cabinet meeting on Monday, and threaten a mass ...

Bloomberg Venezuela President Nicolas Maduro vowed a major shake-up in his government, a sign he is feeling pressure from US sanctions and an international outcry for him to resign. “I will in the coming hours announce new government methods and a profound change in the entire government of Venezuela,” Maduro said in a speech at a political rally broadcast on ...

Bloomberg Democrats uniformly called for the public release of Robert Mueller’s report, but that unity will be tested as they weigh whether the special counsel’s findings should be used to pursue an impeachment of President Donald Trump. It’s a quandary for party leaders. There’s a hunger for impeachment among many Democratic voters who believe it is merited regardless of the ...

Bloomberg Investors are starting to doubt that Jerome Powell’s magic dust can keep working miracles in equities. The US Federal Reserve’s remarkably dovish stance got a polite but restrained nod from markets after trade tensions and profit woes returned to center stage. The S&P 500 Index fell 0.8 percent over the five days while the Stoxx Europe 600 Index posted ...

Bloomberg South Korea’s won has been the worst-performing Asian currency this year. Data this week may add to its woes. Industrial production and consumer confidence numbers will be in focus as traders seek to gauge whether the recent weakness in exports and inflation is spreading. Signs of slower growth may fuel bets the Bank of Korea will follow the Federal ...

Bloomberg Sinopec Corp. aims to raise spending to the highest since 2014, joining state-owned peers in their mission to churn out more domestic oil and gas to ease China’s reliance on imports. Refining profit tumbled in the fourth quarter. Capital expenditure is budgeted at 136.3 billion yuan ($20.3 billion) this year, the world’s largest refiner said in a statement to ...

Bloomberg So far, trade wars don’t seem to be as “good, and easy to win” as US President Donald Trump promised a year ago when he imposed tariffs on steel and aluminum imports. The scorecard shows a split decision. US steelmakers Nucor Corp. and United States Steel Corp. saw significant profit gains in 2018. But manufacturers that buy the metal ...

Bloomberg US tech giants might have a respite after two decades of European Union antitrust investigations. But not for long. While Google just got a third, and possibly final, EU fine, regulators still have their eyes on Amazon.com Inc., Apple Inc. and Facebook Inc. EU antitrust chief, Margrethe Vestager, told reporters earlier this month that an early-stage probe into Amazon’s ...

Bloomberg The Brexit-inspired decline in London’s property values has yet to cause any serious ripples in other areas of the UK. While price-growth and activity may be slowing amid the uncertainty, almost every other major urban area in the country is still experiencing a rising market, according to Acadata. It’s a national divide that’s all too apparent to real estate ...

Bloomberg The US posted its biggest monthly budget deficit on record last month, amid a 20 percent drop in corporate tax revenue and a boost in spending so far this fiscal year. The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of ...