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Bloomberg Russia ordered the expulsion of 23 British diplomats in retaliation for the UK’s ouster of the same number of Kremlin envoys over the nerve-agent poisoning near London of a former spy and his daughter. The British consulate in St. Petersburg was also ordered to close and the British Council must stop its work in Russia, the Russian Foreign Ministry ...

Bloomberg Russian hackers attempted to penetrate the US civilian aviation industry early in 2017 as part of the broad assault on the nation’s sensitive infrastructure. The attack had limited impact and the industry has taken steps to prevent a repeat of the intrusion, Jeff Troy, executive director of the Aviation Information Sharing and Analysis Center, said. Troy wouldn’t elaborate on ...

Bloomberg China’s parliament unanimously reappointed Xi Jinping as president while installing one of his most trusted allies as vice president, highlighting how little public opposition remains to his rule. The rubber-stamp National People’s Congress voted 2,970-to-0 to give Xi a second five-year term on Saturday, days after repealing a constitutional provision that would’ve barred him from a third. Although legislative ...

BRUSSELS / Reuters Britain, France and Germany have proposed fresh EU sanctions on Iran over its ballistic missiles and its role in Syria’s war, according to a confidential document, in a bid to persuade Washington to preserve the 2015 nuclear deal with Tehran. The joint paper, seen by Reuters, was sent to European Union capitals, said two people familiar with ...

Bloomberg Attorney General Jeff Sessions fired the FBI’s former deputy director, Andrew McCabe — a favourite target for President Donald Trump and Republicans, two days before he was to retire. Sessions made the politically explosive decision after the FBI’s Office of Professional Responsibility recommended that McCabe be dismissed for not being forthcoming about authorising discussions with a reporter about a ...

There have been numerous estimates of Brexit’s cost to the UK but fewer similar ones for the European Union. But calculations are gradually surfacing, and while Europe’s costs are serious, it’s easy to see why the EU has a stronger negotiating position. Last week, the New York-based management consulting firm Oliver Wyman and the London-based law firm Clifford Chance published ...

Too much money and nothing to spend it on. That’s the problem facing cash-heavy private equity firms. They should look to Asia for answers. The region had a boom year for private equity transactions in 2017, with deals totaling $159 billion, up 41 percent from 2016 and topping the $133 billion record set in 2015, data from Bain & Co. ...

We are about a year away from the UK’s formal exit from the European Union, its biggest trading partner, and we are none the wiser as to how it will work in practice. Every day that goes by without a politically acceptable solution — one that both sides can sell to their respective constituents — leaves companies and banks with ...

Lawrence Kudlow appears to be President Donald Trump’s pick to become the top White House economic adviser. At first glance, this television personality is an odd choice to lead the National Economic Council. But that doesn’t mean he’s a bad one. Kudlow is an avid supply-sider who never met a tax cut he didn’t like. He’s famously claimed that virtually ...

One of the themes of this economic cycle has been that tech startups have stayed private for a long time, choosing to raise money via venture capital rather than going public. When a downturn inevitably arrives, some may regret that. As prior cycles have shown, even if good startups technically can go public in a bad market, they generally don’t ...