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Bloomberg Officials from China’s predominately Muslim region of Xinjiang defended mass detention camps as necessary to fight terrorism and vowed to maintain the crackdown for a “long time.” Local security policies had prevented a major terrorist attack in the region for more than two years, Xinjiang government chief Shohrat Zakir told a regional delegation meeting in Beijing on Tuesday. Even ...

Bloomberg Secretary of State Michael Pompeo said the US will pull all remaining personnel from its embassy in Venezuela’s capital, adding that the presence of diplomatic staff “has become a constraint on US policy.” Earlier, Pompeo blasted Russia and Cuba for their continued support of Venezuelan President Nicolas Maduro, accusing them of keeping his regime afloat despite the will of ...

Bloomberg If Algeria’s ageing rulers hope sidelining Abdelaziz Bouteflika will buy them time to regroup, they may be disappointed. Young protesters have become bolder since their demonstrations began two weeks ago. Some now want the entire old guard to step aside. In an letter released on Monday evening, Bouteflika postponed next month’s election and said he would no longer seek ...

Bloomberg Theresa May struck a deal to revise the terms of the UK’s divorce from the European Union but it’s unclear whether she’s done enough to win Parliament’s support in a crucial vote on Tuesday. After a chaotic day of changing plans in London, the prime minister made a last-minute decision to fly to Strasbourg, France, for late talks with ...

Bloomberg A top member of the European Union’s largest political bloc will meet with Viktor Orban in what may be the Hungarian prime minister’s last chance to avoid potential expulsion from the continent’s political mainstream later this month. Manfred Weber, the European People’s Party’s candidate to lead the EU executive, was expected to meet with Orban in Budapest on Tuesday ...

Bloomberg The rally in US technology stocks continued, with Apple and Visa leading the pack as investors grew confident the Federal Reserve won’t rush to raise rates. Boeing and Brexit otherwise dominated headlines, as the planemaker’s woes deepened and the pound fell before a key vote. The Nasdaq 100 took its two-day advance towards 3 percent after wobbling earlier in ...

Bloomberg India’s benchmark equity index extended gains with the highest close in more than five months after two opinion polls showed Prime Minister Narendra Modi’s ruling coalition would be close to getting the seats needed to form a government, when election results are announced in May. The S&P BSE Sensex climbed 1.3 percent to 37,535.66 at the 3:30 p.m. close ...

Bloomberg The decision of the world’s largest sovereign wealth fund to reduce holdings in oil stocks wasn’t as far-reaching as the industry feared, but dealt a symbolic blow to fossil fuels that will reverberate for energy companies and their investors. While the divestment by Norway’s $1 trillion fund doesn’t include Big Oil, instead rooting out $7.5 billion of companies that ...

Bloomberg Canada’s oil producers made a small dent in their near-total dependence on the US market after a surge of shipments flowed to China and the UK last year. The holder of the world’s third-largest crude reserves sent 3.43 million barrels a day, or 96.4 percent of its oil exports, to its southern neighbour, the smallest percentage in data stretching ...

Bloomberg China’s multi-year campaign to contain financial risk is re-focusing on the so-called “hidden debt” owed by local governments, as officials seek to reduce repayment pressures amid falling tax revenues. Provinces and cities from Jiangsu in the east to Qinghai in the west are looking for means to pay-off or restructure their implicit borrowings, a term which includes off-book funding ...