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Bloomberg Neither the Palestinian Authority president nor the head of the Coptic Church in Egypt plan to meet with US Vice President Mike Pence when he visits the Middle East later this month, to protest the US declaration that Jerusalem is the capital of Israel. The rejections emerged as the Anadolu Agency said Turkish President Recep Tayyip Erdogan and French ...

Bloomberg Liberia’s Supreme Court told the electoral commission to proceed with organising the final round of presidential elections that was initially scheduled Nov 7 but put on hold to probe allegations of fraud during the first round. The runoff should go ahead, Justice Philip Banks said in the ruling in the capital, Monrovia. The ruling ends weeks of uncertainty over ...

Bloomberg The leader of Mexico’s largest opposition group is stepping down from his post to prepare for a presidential run under a left-right coalition that’s looking to dislodge the ruling party from power. Ricardo Anaya’s resignation as party president, effective this weekend, is the first step to seeking the nomination from his National Action Party (PAN) to run in 2018 ...

A year ago, with the election of a US president who had fulminated against the international trade and financial systems, some analysts worried that the engine of global prosperity might soon be sputtering. But that’s not what happened. The global economy has surged forward this year, significantly outperforming expectations. As the International Monetary Fund wrote in its latest world economic ...

Masayoshi Son to the rescue. It helps to have the SoftBank Group Corp. founder on your side when Chinese regulators are raining on your IPO party. Lufax, the online wealth manager that’s among the world’s biggest start-ups, has hired five banks to work on a Hong Kong initial public offering of as much as $5 billion, according to IFR. SoftBank’s ...

Amid resurgent nationalism and talk of nuclear war, it’s been a rough year for global diplomacy. So a 10-party agreement to protect the waters of the planet’s far north qualifies as a minor miracle. For the next 16 years, commercial fishing will be prohibited in the central Arctic, a Mediterranean-sized patch of icy ocean more than 200 nautical miles from ...

Punters who wanted to bet against Britain in the run-up to the Brexit vote thought they’d found the perfect target in Berkeley Group Holdings Plc, a London-focused homebuilder partly reliant on inflows of foreign capital to purchase it’s very expensive homes. Throw in a government decision to increase property transaction taxes and penalize purchases of buy-to-let homes, and you had ...

Tax debates make for strange bedfellows. During the long, slow recovery from the Great Recession, Americans became accustomed to a familiar economic debate — Keynesians, usually aligned with the Democratic Party, would call for more government spending in order to stimulate the economy, while Republicans would call for cuts in outlays. Eventually, a compromise was reached, though dangerous theatrics were ...

Patrick Drahi, the telecoms billionaire whose debt-fuelled expansion spree is running out of steam, is finding it hard to break free of a downward markets spiral. A full-blown bear attack is still ongoing after last month’s profit warning from Altice SA, the Drahi holding company. Hedge funds have piled up negative bets on a stock that’s fallen 56 percent since ...

With the ongoing synchronized pick-up in global growth, systemically important central banks will likely be more willing and able in 2018 to start and, in one case continue, the normalisation of monetary policy. But what is true for the central banking community as a whole is more nuanced when assessed at the level of individual institutions. Here is the outlook ...