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Bloomberg China’s Communist Party moved to repeal presidential term limits enshrined in the constitution, the clearest sign yet that Xi Jinping intends to stay on as leader past his second term. The party’s decision-making Central Committee proposed removing language from the document that says the head of state “shall serve no more than two consecutive terms,” the official Xinhua News ...

Bloomberg Italy’s ex-premier Matteo Renzi urged politicians to combat all forms of violence ahead of the March 4 elections, after street battles between far-left and far-right activists in the past few days. “I think it is very important for everyone — not just for a single party — to be here, to give a message against violence, against not just ...

Bloomberg President Maithripala Sirisena reshuffled the cabinet in Sri Lanka for the second time since forming a unity government in 2015 after its two main coalition partners were defeated in local government elections. Sirisena announced changes to six cabinet ministers, three state ministers and one deputy minister on Sunday, according to a statement from the president’s office. Prime Minister Ranil ...

The role of economic growth in advanced democracies is not mainly the accumulation of more material goods. By any historical norm, even today’s poor are staggeringly wealthy. Economic growth plays a more subtle role. It gives people a sense that they are getting ahead and are in control of their lives. It serves as the social glue that holds us ...

It’s disingenuous to think that India’s biggest banking fraud was just one bent officer in a bumbling state-run lender enriching an uncle-nephew pair of greedy diamond merchants. That’s the spin Punjab National Bank (PNB) is trying to put on the $1.8 billion scam that went on for seven years. According to the lender’s version, PNB’s former employee Gokulnath Shetty provided billionaire ...

A scandal in Latvia is raising questions about the European Central Bank’s ability to do its job. The details remain murky, but the ECB should move swiftly to reassure investors that its high standards will be upheld throughout the euro zone. A report by the US Treasury has alleged widespread money laundering at ABLV Bank AS, one of Latvia’s largest ...

At Davos in January, Indian Prime Minister Narendra Modi said India was open for business and even likened protectionism to terrorism. This month his government raised tariffs on nearly 50 product groups, from clocks and kites to TV and auto components. The measures follow new duties imposed in December on electronic goods such as mobile phones and microwave ovens. The ...

Ahead of the Russian presidential election, President Vladimir Putin is keen to ensure that Russians’ real disposable incomes as measured by official statistics don’t decline. So the State Statistical Service has made sure of it. On February 19, the government agency reported that in January, the disposable income measure was unchanged from January, 2017. To produce that result, it had ...

When SpaceX’s 230-foot Falcon Heavy blasted off on February 6, it became a global sensation. But a much quieter launch three days earlier may turn out to be more important. That’s when a 31-foot rocket known as the SS-520-5 took off from Japan’s Uchinoura Space Center. It’s the smallest rocket ever to place an object into Earth orbit — and ...

French President Emmanuel Macron and German Chancellor Angela Merkel say they want to make the common currency area more resilient and adaptable, but their two countries have traditionally disagreed over how that should be achieved. Can crack economists from the relevant countries solve the problem for them? They are giving it a shot — but building a European consensus will ...