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Bloomberg Nigerian lawmakers drew a battle line with President Muhammadu Buhari ahead of February elections by issuing a list of demands that must be met or they will take unspecified legislative measures against him. Buhari is expected to end widespread insecurity and violence in the country, stop the “systematic harassment and humiliation” of political opponents and show sincerity in his ...

Bloomberg Twelve Conservative lawmakers have signed an amendment calling on Theresa May to abandon her Brexit strategy and keep the UK in the single market after the divorce. The move — less than 24 hours after the opposition Labour Party shifted its position toward keeping closer ties with the bloc — has the potential to change May’s Brexit stance as ...

Bloomberg The White House wants North Korean leader Kim Jong-un to commit to a timetable to surrender his country’s nuclear arsenal when he meets President Donald Trump next week in Singapore, a high-stakes summit that could last as long as two days — or just minutes. Trump has been advised not to offer Kim any concessions, as the White House ...

Bloomberg Pakistan’s politicians are defecting in increasing numbers to the party of opposition leader and former cricket star Imran Khan, a shift that shows his rising influence and prompted allegations he enjoys the support of the country’s powerful military. The intensified jockeying comes ahead of a national election on July 25. So far this year 248 politicians, including dozens of ...

European leaders will meet in Brussels at the end of June to discuss how much deeper to push the euro zone’s monetary union. While there’s been plenty of hype about the summit, it risks being a disappointment. Most of it will just confirm what’s already been agreed. And, in typical European fashion, many big questions will remain unresolved – until ...

Remember how there was a glut of computer chips in 2008, and then the world stopped using computer chips? Yeah, me neither. That’s a good reason to discount your worries about the effects on solar power from recent policy blows on panel manufacturers by the US and Chinese governments. The falls in the share prices of some major producers have ...

The sun has finally brought Britain’s shoppers out of their post-Christmas gloom – a relief of sorts for those who worry about the damage that Brexit might inflict on the country’s economy. But while I’ve argued before that the despondency has been overdone, the recent spike in gasoline prices does leave cause for concern. Still, to stick with the sunshine ...

Jack Ma just sowed the seed of another decacorn – a startup worth more than $10 billion – on the Hong Kong stock exchange. Largely ignored by analysts, Alibaba Group Holding Ltd.’s health unit suddenly woke from a long hibernation last month, soaring 58 percent in two weeks to reach a market value of $8.7 billion. Most of the rally ...

Like postmodern literature that eschews conventional plot, narrative, and characters, financial markets have become increasingly abstract and remote. Volatility trading offers a good example of why this is so dangerous. In February, Goldman Sachs Group Inc. reportedly made $200 million in profit on a single day from volatility trading. Anticipating increases, Goldman purchased volatility then sold it profitably to investors ...

Heads, Boeing Co. wins. Tails, aerospace suppliers lose. The planemaker recently announced the latest step in its push to grab more of its suppliers’ rich profit margins for itself. Boeing will partner with Safran SA to develop and service auxiliary power units, which are used to start the main engine and provide power to aircraft while on the ground. If ...