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Bloomberg The UK clinched a deal that will buy it time in Brexit talks in a move the European Union’s chief negotiator hailed as a decisive step. But it’s all still contingent on finding a solution to the most intractable issue of all — the Irish border. The two sides reached an agreement for a 21-month transition period that’s due ...

Bloomberg Jailed opposition presidential candidate Jean-Marie Michel Mokoko refused to appear in court for the first time since he was detained almost two years ago. Mokoko, who turned 71 on Monday, didn’t show up at the High Court in the capital, Brazzaville, because as a former chief of staff of the army he’s immune from prosecution, his lawyer Eric Yvon ...

Bloomberg Former South African President Jacob Zuma’s prosecution for graft appears at first glance to be a victory for the anti-corruption campaign of the nation’s new leader, Cyril Ramaphosa. Yet it also carries risks for his ruling African National Congress. Not only will a drawn-out trial be a constant reminder to voters that he was enmeshed in scandal for most ...

Bloomberg Japanese Prime Minister Shinzo Abe saw his support tumble in weekend opinion polls as anger continues to rise over a cronyism scandal. Two of the polls — conducted separately by the Asahi newspaper and NNN news network — showed public backing for Abe had fallen to its lowest level since he took office in 2012. They were conducted after ...

There are many good economic reasons why President Donald Trump is wrong to obsess over the US trade deficit with China. One is that this bilateral deficit isn’t as severe as he thinks — and, in any case, the structural factors that caused the imbalance in the first place are changing. Before launching a US-China trade war, the White House ...

Hong Kong has used UBS Group AG to send a harsh message to investment banks: Take your job as a gateway to initial public offerings seriously. With deals starting to boom again and the city’s exchange planning to allow dual-class shares, regulators are right to adopt a tougher stance. The Securities and Futures Commission suspended UBS from sponsoring Hong Kong ...

The March 4 Italian elections have produced a lot of drama, an equity-market selloff, and as yet no sign of a government — but in the bond market, stability should prevail. Ten-year Italian yields have held close to 2 percent all year so far. Of course, there was always going to be a benefit from the European Central Bank’s (ECB) quantitative ...

President Donald Trump’s decision to quash an overseas bid for Qualcomm Inc. was almost certainly the right thing to do. That it came with little warning and not much explanation, however, suggests some significant flaws in the way the US evaluates such deals. Broadcom Ltd., based in Singapore, had made an unsolicited $117 billion offer to acquire Qualcomm, a leading ...

Here’s a useful lesson: Don’t believe what CEOs say, only what they do. This is what Uber’s top executive said three weeks ago: “We expect to lose money in Southeast Asia and expect to invest aggressively,” according to an account of Dara Khosrowshahi’s press briefing in New Delhi. “Right now the plan for Southeast Asia is to go forward, lean ...

The Women in Finance Charter, an initiative from the UK Treasury to improve gender balance in the finance industry, just released its first progress report. Frankly, it makes for depressing reading. But there’s a glimmer of hope in one of the remedies it proposes. Signatories to the charter include asset management firms such as Schroders Plc, banks like Barclays Plc, ...