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Bloomberg Peru’s Pedro Pablo Kuczynski may face a new opposition attempt to force him from office after one party shifted its position and said it would now support an impeachment motion of its own. New Peru, which chose not to vote in December’s impeachment ballot, told reporters that new information has emerged about Kuczynski’s ties to Brazilian builder Odebrecht SA. ...

Bloomberg Top officials of the ruling African National Congress were expected to meet on Sunday with President Jacob Zuma to discuss his departure from office, the Johannesburg-based Sunday Times reported, citing people familiar with the matter. The meeting, to be held at the president’s official residence in Pretoria, will be led by the party’s Deputy President David Mabuza and could ...

We are a nation of immigrants who are uneasy about immigration. There is a long history of resentment against immigrants, dating to the Irish immigrants in the 1840s and the Chinese a few decades later. This contrasts with our demonstrated ability to absorb newcomers. It’s time to overcome this two-headed legacy with an immigration policy for the 21st century. What ...

Just as foreign stock investors in India try to come to terms with a rudely reimposed 10% tax on long-term capital gains, a bigger shock awaits them. The grandfathering of past returns promised by Indian finance minister Arun Jaitley in his budget speech last week is missing from the fine print of the bill. Well, it’s not completely missing. The ...

Amazon, Berkshire Hathaway and JPMorgan Chase say they’re putting their heads together to make health care better and less expensive for their employees. Just possibly, it’s a partnership that could disrupt the US health-care system — in a good way. The market value of insurance companies and pharmacy-benefit managers dropped on the announcement, a sign that investors think the alliance ...

It’s almost as though there’s too much good news in Japan. So much that some investors are starting to expect the Bank of Japan (BoJ) to lay groundwork for easing off its stimulus — and the central bank is falling over itself to convince them that policy is not going to change anytime soon. My, how things have changed! Instead ...

I hate to say I told you so, but … well, I told you so. Bitcoin, while still a popular financial asset, is looking less and less like a currency. Online payments company Stripe is ending Bitcoin support. It cites several reasons for doing so: “[Bitcoin] transaction confirmation times have risen substantially; this, in turn, has led to an increase ...

There’s an evolving mystery about Facebook: How are we supposed to measure its popularity now? On January 31, Facebook initially spooked investors by disclosing the slowest growth rate of daily users in its history and a 5 percent decline in the amount of time people spent on the social network in the final quarter of 2017. The company’s stock price ...

President Donald Trump talked a lot about coal mining during his campaign, and he has kept talking about it since. “We have ended the war on clean coal,” he declared in his State of the Union address just this week. I’d take issue with the phrase “clean coal” (more on that later), but it is definitely true that the Trump ...

Bloomberg European Central Bank Executive Board member Benoit Coeure urged European governments to push ahead with plans to strengthen monetary union to avoid stretching his institution’s mandate in the next crisis. “Without further reforms, the next crisis may well force the ECB to test the limits of its mandate,” he said in a speech near Ljubljana, Slovenia. “To assume that ...