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Bloomberg The US and Russia are engaged in a rivalry for dominance once again, this time in the wheat market. After Russia recently pulled ahead, the US has fought back, with the help of a weaker dollar. One irony of the situation is that the US is taking market share partly amid the FBI investigation into ties between President Donald ...

Bloomberg California Governor Jerry Brown criticized a US Senate bill that aims to simplify auto efficiency standards, warning the measure represents a step toward decimating requirements that manufacturers produce cleaner cars. Legislation introduced by Missouri Republican Roy Blunt would align the differing approaches that separate US agencies take to regulating fuel mileage and carbon emissions. Sponsors include Michigan Democrat Debbie ...

Bloomberg The European Union will demand its top court have the power to enforce the rights of its citizens in Britain after Brexit. In a draft working paper circulated this week, the EU Council of bloc members said the European Court of Justice should have “full jurisdiction” over the rights of nationals and that the European Commission should have the ...

Bloomberg Egypt carried out air strikes against militants across the border in Libya, saying they targeted the group responsible for a deadly attack on Christians earlier on Friday. At least 29 people, some of them children, were killed when gunmen in military fatigues opened fire on a bus carrying members of the Coptic Christian minority in Minya province, about 200 ...

Bloomberg Flailing in yet another political crisis, Brazil is once more looking to its judges for salvation. This time, they could determine the fate of its president, Michel Temer. On June 6, Brazil’s top electoral court, the TSE, is due to resume its judgement of the 2014 election campaign that could see Temer ousted from office. Aides say the president ...

Bloomberg Labour leader Jeremy Corbyn held back from declaring support for Britain’s nuclear weapons program and for the North Atlantic Treaty Organization as his security credentials came under examination in a BBC television interview, two weeks before the general election. Corbyn was asked repeatedly whether he supported the renewal of Britain’s nuclear weapons system, known as Trident, and nine times ...

If the US economy is going to prosper, it needs to keep taking in immigrants. Fertility is below replacement levels, and no country has discovered a way to raise native birthrates. That means that immigration is necessary for the survival of the Social Security system and the solvency of pension funds. Immigrants will allow small cities to grow and expand ...

On one level, there’s nothing so surprising about Moody’s Investors Service’s decision to downgrade China’s sovereign debt one notch to A1. Since March last year, when the rating company and its rival S&P Global Ratings cut their outlook on the People’s Republic’s credit standing, an eventual demotion has been the most likely outcome. Still, it mustn’t have been an easy ...

When Enda Kenny’s center-right Fine Gael party came to power in 2011, Ireland was dealing with the collapse of its banking system and struggling to comply with the demands of an international rescue program. Six years later, the economy is booming. Unemployment has fallen from nearly 15 percent to a little over 6 percent, and Ireland pays less to borrow ...

Emmanuel Macron is nothing if not persuasive. He’s built a political movement from scratch and won enough votes from France’s established parties to take the keys to the Elysee Palace. He’ll need those skills and more to carry out an essential reform that has eluded all his predecessors — freeing up France’s labor market. Just last year, France debated the ...