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Bloomberg Britain will stay closely aligned to the European Union’s regulatory regime after it leaves the bloc but wants the freedom to go its own way if it chooses in future, Brexit Secretary David Davis has said. During negotiations with the EU, the UK will aim to secure the power to diverge from the bloc’s rules on financial services and ...

Bloomberg The ground-based system of interceptors that the US would use to defend the mainland and Hawaii against a threatened North Korean attack is improving after past setbacks, the Pentagon’s testing office said in a new report. The $36 billion system “demonstrated the capability to defend the US homeland from a small number” of intermediate range or intercontinental ballistic missiles ...

Bloomberg Venezuela appears set to hold presidential elections before the end of April, a plan abruptly announced after the European Union blacklisted seven key allies of President Nicolas Maduro. Diosdado Cabello, second-in-command of the ruling socialist party and among those sanctioned, announced the vote in the South America nation’s all-powerful constituent assembly. The short time before the vote will wrong-foot ...

Bloomberg Kenyan Attorney General Githu Muigai filed a High Court petition seeking to block the opposition from swearing in Raila Odinga as the so-called people’s president. Muigai asked the court to rule as illegal motions that were passed by 15 county assemblies backing the creation of constituent assemblies, which plan to declare Odinga as the nati-on’s leader on January 30, ...

It seems like only yesterday that journalism faced existential challenges from technology platforms that helped anyone publish whatever they wanted, took over the distribution of news, and usurped the advertising market with promises of precise targeting. It turns out that the news profession can be quite successful at repelling those challenges. The enemy is in retreat; the news business just ...

OK, the shutdown is over. But no one should be fooled into thinking that this settles the big questions facing the country. Even if (a big ‘if’) the immigration laws are overhauled and the nearly 700,000 ‘Dreamers’ stay in the United States, at least three large issues remain that neither party has yet had the courage to confront. Here they ...

It’s time the world’s largest pension fund boosted its risk appetite again. Japan’s Government Pension Investment Fund (GPIF) has been fleeing local government bonds ever since it doubled its allocation targets for domestic and overseas stocks in late 2014. It’s likely to have already exceeded that quota due to the global equities bull run. As of September 30, the latest data ...

In the space of a few hours on Tuesday, what had been increasingly obvious became all but official: The US is no longer leading the world economy. The US withdrawal is signaled by the Trump administration’s announcement of new tariffs on solar panels and washing machines. Dispiriting as this choice may be — not to mention bad for US workers ...

If there’s one policy that can unite socialists and Silicon Valley libertarians, it’s universal basic income (UBI) — a regular payment from the government to each and every adult, regardless of income. Many socialists like the unconditional nature of the programme — like Social Security, it has the potential to avoid arousing the anger of higher-earning people who feel they’re ...

Netflix Inc. is the Uber of the entertainment programming business. Whether Netflix investors recoil or cheer at the comparison depends on their risk tolerance. Netflix doesn’t share Uber’s inclination to push boundaries, and it has a well-functioning business. But both companies are impressive growth machines that rely on outside funding to maintain the momentum. And in both cases, it’s not ...