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Bloomberg Algerian President Abdelaziz Bouteflika’s health has reportedly deteriorated, deepening the uncertainty over his push for a fifth term in office that’s triggered unprecedented mass protests in the OPEC member state. The 82-year-old Bouteflika’s neurological reflexes have worsened and he requires constant care at the Geneva university hospital, Swiss daily Tribune de Geneve reported Wednesday. The development adds a new ...

Bloomberg Zimbabwe’s ruling party slammed US President Donald Trump’s decisions to extend sanctions against the country, saying the government has implemented sufficient political reforms to merit a repeal. Trump extended penalties first imposed on Zimbabwe in 2003 for another year, saying the actions and policies of President Emmerson Mnangagwa’s government pose a threat to US foreign policy. The announcement followed ...

President Donald Trump promised to hit 3 percent growth in 2017 — and the economy just barely made it, according to figures released last week. To keep it going, the administration is going to have to change its approach on the three main issues that will drive future growth: trade, taxes and immigration. The biggest drag on growth came from ...

Even before Britain has left Europe, Europeans are leaving Britain. The latest figures confirm the trend: Since the 2016 Brexit referendum, net migration from European Union (EU) countries into the UK has been declining, while that from non-EU members has been climbing. But the most striking of the figures published last week are those showing that more central and eastern ...

After searching far and wide for a new CEO for the past five months, Aviva Plc is sticking with a familiar face: on Monday, it named a 26-year company veteran as its new boss. More of the same may be just what the British insurer needs, but changing investors’ negative view of that strategy could require time. It’s a luxury ...

Last August, when a paramilitary group almost became the first default among local government financing vehicles, few would have thought that another asset frenzy was afoot in China. Yet off-budget local government debt is having a fun ride. After that scare, yields for AA rated, three-year bonds issued by local government financing vehicles compressed to 3.9 percent from about 5 ...

From left to right, British politicians have taken one particular issue to heart. “When it comes to opportunity we won’t entrench the advantages of the fortunate few, we will do everything we can to help anybody,” said Theresa May in her maiden speech as prime minister in July 2016. Since becoming Labour leader, Jeremy Corbyn has lambasted “grotesque” disparities that ...

India and China are leading the world. Kind of. In the dovish tilt that’s defined interest rates lately, only two noteworthy central banks have actually loosened monetary policy: the People’s Bank of China (PBOC) and the Reserve Bank of India (RBI). Both have indicated there’s more to come. When people talk about Asia’s two giants moving out front, they tend ...

Towards the end of Federal Reserve Chairman Jerome Powell’s testimony before Congress this week, US Senator Brian Schatz asked him, “Do you agree that climate change creates financial risks for the individual financial institutions and for our financial system as a whole?” His answer reveals the challenge in finding a long-term, universal answer to business as usual. It also raises ...

Bloomberg US stocks edged lower as investors struggled to find inspiration after a torrid start to the year. The dollar rallied for a fifth day. The S&P 500 Index fell 0.1 percent. Equities opened lower amid a lack of progress on the US-China trade deal before briefly erasing losses on home-sales and service-industries data that beat estimates. General Electric Co. ...