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Bloomberg UK lawmakers will get a take-it-or-leave-it vote on the final Brexit deal, with their choices limited to accepting the agreement or voting for a chaotic crashing out of the block. And if the government fails to reach a deal, the UK will leave without consulting Parliament, Brexit Secretary David Davis said. The twin announcements provoked jeers in Parliament as ...

Bloomberg A dual-citizenship crisis roiling Australian politics has claimed its eighth lawmaker, with independent Senator Jacqui Lambie resigning after revealing she contravened the constitution. “I probably should have been a bit smarter and checked that citizenship stuff,” Lambie, 46, told reporters in Canberra after it was confirmed she inherited British citizenship from her Scottish-born father. “I don’t know who feels ...

Donald Trump wants Obamacare to implode. That’s not a mischievous inference from his legislative misadventures; that’s a direct quote. “As I said from the beginning, let ObamaCare implode, then deal. Watch!” It’s thus somewhat surprising that on his watch, enrollment currently seems to be on track for its best year ever. In the first four days, 601,462 people signed up ...

Singapore’s housing market is ticking all the right boxes for revival. Except one. Private residential prices are up, quarter on quarter, after almost four years of continuous declines. Land prices are rising, both in government tenders and in bids to redevelop old condos — an activity known as en bloc sales that has picked up to the point where it’s ...

A week ago, SoftBank Group Corp.’s Masayoshi Son was talking about walking away from his planned Uber investment. Son said he may instead invest in Uber Technologies Inc.’s biggest rival, Lyft Inc. If both stocks were publicly traded, one could imagine Uber plummeting, and Lyft rising. Most people saw those comments for what they were: a negotiating ploy by Son ...

“Know thyself,” goes the Delphic maxim. You might think it superfluous advice for the world’s biggest banks — that the executives responsible for global finance would insist on a complete picture of the risks they’re running. Yet the crash almost a decade ago showed they didn’t know enough. And even now, their investment in self-awareness falls short. When financial markets ...

As President Trump prepared to wrap up his 12-day trip to Asia on November 13, ears in local capitals have picked up a subtle but unmistakable change in messaging from the US administration. The shift focuses on an apparently innocuous term: ‘the Indo-Pacific.’ US national security adviser H.R. McMaster introduced the president’s itinerary to reporters as “a great opportunity to ...

US President Donald Trump last week joined a long line of Western leaders straining to break open China’s markets for foreign companies. He’ll quickly discover that projecting Western hopes and ideals rarely works. No matter how beautiful the chocolate cake. What can work, however, is recognizing when China could use a foreign partner to help it achieve something Beijing wants, ...

Are cryptocurrencies an asset class? That depends on you. When you choose an investment portfolio, do you want to start with a category for these new currencies along with stocks, bonds and money market instruments? This is not related to the question of whether or how much you should invest. You can call cryptocurrencies an asset class and assign zero ...

Bloomberg US stocks joined declines in global equities, with materials producers under pressure amid a selloff in commodities. The dollar weakened versus the euro after strong growth in Germany bolstered the common currency. S&P 500 Index fell for the third time in four days. Data showing Chinese growth is slowing sparked commodity declines that hit equities in Asia. The euro’s ...