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Bloomberg A divided US Supreme Court let President Donald Trump’s travel ban take full effect while legal challenges go forward, handing him a major vict- ory and suggesting the court ultimately will uphold the restrictions. Trump will now be able to bar or restrict entry by people from six mostly Muslim countries, even if they have a relationship with a ...

Bloomberg Australian Prime Minister Malcolm Turnbull said he would introduce legislation to limit political meddling by foreign powers, citing reports of Chinese influence over a local lawmaker and Russia’s US election interference. People or organisations acting in the interests of foreign powers would be required to register and disclose their ties, Turnbull said, adding that foreign political donations would also ...

Bloomberg The Catalan election campaign kicks off on Tuesday with polls pointing to a finely balanced race in which turnout could play a crucial role. Surveys show it’s basically a toss-up whether the separatists will cling on to their majority in the regional parliament with the latest projections putting the three pro-independence parties on the cusp of the 68 seats ...

Bloomberg South African Deputy President Cyril Ramaphosa won endorsement from most African National Congress branches to succeed President Jacob Zuma as ruling party leader, giving him an edge — but not a guarantee of victory — in this month’s election. Ramaphosa was nominated for the presidency of the ANC by 1,862 branches, while 1,309 backed his main rival Nkosazana Dlamini-Zuma, ...

We don’t need an economic boom, but that’s what we may be getting. Since the 2016 election, the stock market is up roughly 24 percent, reports Wilshire Associates. The price of the cybercurrency bitcoin soared more than 1,000 percent before retreating. The unemployment rate of 4.1 percent is the lowest since 2000. The economy’s growth has exceeded 3 percent for ...

China has begun a great rental giveaway, offering cheap land and subsidized loans in an effort to kick-start development of home leasing markets in major cities across the nation. Anyone expecting a rental housing boom to match the growth of the private purchase market may be disappointed, though: China’s real estate industry is likely to remain dominated by the development ...

‘California Regulates Cow Farts,’ is how a New York Post headline put it, implying it was a wacky move by Governor Jerry Brown. In fact, California’s methane law represents a serious attempt by America’s biggest dairy state to come to grips with a potent greenhouse gas. Methane is responsible for about a quarter of human-generated global warming. While it’s not ...

Even by government standards, it is a colossally dumb idea: revoking someone’s license to work as a way to get them to pay off their student loans. Yet many states do just that. Student loan debt has more than doubled since 2009 to $1.3 trillion today. The average borrower in the class of 2016 left campus more than $30,000 in ...

Bad things don’t happen to good banks. Or that’s the carefully crafted image projected by the world’s priciest lender. Assiduously shielding its loan book from the flying debris of India’s $207 billion bad-debt crisis, HDFC Bank Ltd. has kept its balance sheet in a near-pristine condition. The aura of invincibility bestowed by a 1.26 percent soured-loan ratio — compared with ...

Questions, questions, questions. If there’s one thing that’s tailed China’s Xiaomi Corp. for the past six years, it’s questions. The most recent come as a pair: Will the company IPO next year, and will it fetch the $50 billion it’s supposedly seeking? Last weekend, tech industry newsletter The Information reported that the maker of smartphones and other devices is eyeing ...