Mueller poised to zero in on ‘Russia collusion’ allegations

Bloomberg Special Counsel Robert Mueller is preparing to accelerate his probe into possible collusion between Donald Trump’s presidential campaign and Russians who sought to interfere in the 2016 election, according to a person familiar with the matter. Mueller and his team of prosecutors and investigators have an eye toward producing conclusions — and possible indictments — related to collusion by ...

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Mattis lands in China for first Pentagon chief visit since 2014

Bloomberg Jim Mattis arrived on Tuesday in Beijing on the first China visit by a US defense secretary in four years, as the Trump administration moves to push back against the country’s growing economic and military influence. Mattis, who plans to also visit South Korea and Japan, was expected to press China’s leaders for continued cooperation on North Korea’s nuclear ...

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Merkel wins some space in migration rift

Bloomberg German Chancellor Angela Merkel’s antagonists dialed back a clash over migration, saying they don’t want to blow up the party alliance underpinning her government. Comments by leaders of the Christian Social Union (CSU), a Merkel-allied regional party that governs Bavaria and wants to tighten border security, take some of the sting out of days of attacks on the chancellor. ...

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Jordan says it won’t take in any more Syrian refugees

Bloomberg Jordan will not receive new refugees from Syria under any circumstances, PM Omar Razzaz said, as a new Syrian government offensive threatened to send more displaced people fleeing to Jordan’s border. “Jordan cannot receive more refugees,” said Razzaz, who took office earlier this month. “We want a political solution.” Jordan has taken in 1.3 million refugees from neighbouring Syria’s ...

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Provincial elections test Jokowi’s popularity

Bloomberg Indonesia’s most populous province is set to go the polls in what’s shaping up as a test of President Joko Widodo’s popularity and a potential springboard for his rivals ahead of next year’s presidential election. More than 30 million people are expected to vote in West Java’s gubernatorial election on Wednesday in a contest between two former generals, the ...

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Macedonia’s President attempts to block name deal

Bloomberg Republic of Macedonia’s president rejected an agreement with Greece on the nation’s new name, a move that may be only a temporary hurdle in the ex-Yugoslav nation’s NATO and EU accession plans. The veto by opposition-backed President Gjorge Ivanov, who said on Tuesday he won’t sign the accord, is expected to be overturned in parliament as early as next ...

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If this isn’t a trade war, then what actually is it?

The escalating trade war between the United States and China poses crucial, though unanswerable, questions: Is this the beginning of the end of the post-World War II international trading system or will the present arrangements survive, as they have for 70 years? Almost certainly, historians will judge favourably the postwar expansion of trade (it has never been completely “free” but ...

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Everyone should hate Google Glass

I hate Google Glass, and I think I’ve hit upon a way to get everyone to understand the dystopic future this eyewear augurs: Give it to flight attendants. The summer of 2014 was a turning point for me. I had always considered myself a genuinely nice person who would never consider violence against a stranger. But then, at a conference ...

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Italy is facing a crunch moment in bond market

Italy’s auction of five and 10-year government bonds on Thursday will be the most important test of investor appetite since the country’s political crisis subsided. Buyers are understandably skittish. Appetite for the 10-year securities the government sold at the end of May was poor, something I remarked on at the time. Since then, yields on Italy’s two-year bonds have climbed ...

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Emerging markets have many tools, few are good

The rising US dollar and higher interest rates are pummeling emerging markets. Foreign investors who rode the big rally in these markets in 2016 and 2017 see little reason to stick around and are leaving en masse. This shift will probably persist since dollar-denominated obligations make up some 75 percent of the trillions of dollars in developing-economy debt. True, cheaper ...

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