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Bloomberg Violence flared along the volatile Israel-Gaza Strip border on Saturday, with the Israeli air force striking sites inside the Hamas-ruled enclave including two tunnels designed for attacks, and Palestinian militants firing volleys of mortars and rockets. No serious casualties were reported on either side. The military said it struck overnight in response to arson attacks from Gaza and assaults ...

Bloomberg Whatever Donald Trump had hoped to get out of his summit with Vladimir Putin, Robert Mueller changed the game. The US president’s goals for the meeting had always been unclear. But now Trump is under pressure — including from several members of Congress from his own party — to finally confront Putin once and for all over trying to ...

Bloomberg Escaping gruesome violence at the hands of police and gangs in Honduras, a mother and her daughter arrived in the US on June 8 near McAllen, Texas, and turned themselves in to federal agents. They were then separated and held in custody 1,555 miles apart, according to court filings. The 12-year-old daughter is now among a couple thousand migrant ...

Bloomberg The Brazilian presidential candidate with the most enthusiasm for privatising state assets quit the race, saying he had fulfilled his duty as a citizen. Flavio Rocha, the former chief executive officer of retail giant Riachuelo and candidate for the Brazilian Republican Party, had about one percent of vote intentions. “I am convinced that I helped inspire” entrepreneurs or those ...

It’s a mystery. The US economy seems strong. Since the nadir of the Great Recession, employers have added about 19 million workers. The unemployment rate is 4 percent, near the lowest level since 2000. By standard economic theory, the strong demand for labour should be pushing up wages. But that isn’t happening. Wage gains of 2.7 percent roughly match inflation. ...

In the seven months since Bitcoin’s price peaked, it has fallen by about two-thirds. But it’s still almost three times more valuable than it was a year ago: So what does the future hold for the world’s first and still most famous cryptocurrency? I see three basic scenarios: No. 1. Bitcoin Triumph: Bitcoin replaces the dollar (and probably other fiat ...

From China, without love. The stampede of unicorns is losing fans. Xiaomi Corp fell as much as 6 percent in its debut in Hong Kong, while most of last year’s hottest listings, from ZhongAn Online P&C Insurance Co to Ping An Healthcare & Technology Co, are trading below their IPO prices. Yet it seems nothing will stop the unicorns. In ...

Theresa May’s government has presented its eagerly awaited proposal on the future relationship between Britain and the EU after Brexit. One area that merits careful scrutiny concerns the City of London and financial services, given their weight on the country’s economy and central position in global markets. After the Chequers agreement, it became clear that the UK would want to ...

New tariffs on Chinese imports went into effect only on July 6, so it is too early to say how the trade war is going and which country, if any, will win it. Even the most die-hard free trader should admit that in theory it is possible that the threat of tariffs can induce other countries to make concessions that ...

US President Donald Trump exulted this week over Pfizer Inc’s decision to delay planned drug price increases a day after he attacked the company on Twitter. He should take a look at China, where President Xi Jinping has done much better. Over the past two weeks, the US pharmaceutical giant quietly cut the prices of more than a dozen of ...