• Analysis

Venezuela has more oil than Saudi Arabia and more poverty than Colombia. Once one of Latin America’s richest countries, it’s now plagued with shortages of everything from toilet paper to antibiotics and food. It’s been a steep downward spiral since the heady days when the late President Hugo Chavez set out to use an oil boom to light a socialist path to prosperity, not just for the poor in Venezuela but across Latin America. Chavez died in 2013, about a year before oil prices fell sharply. His p

  • Patricia Laya | Bloomberg
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  • 3 hours ago
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  • Analysis

Please have another baby. That’s China message for couples after decades of limiting families to just one child. Why the turnabout? China’s aging. In a little more than 10 years, one-quarter of the world’s most populous country will be 60 or older, a slightly higher rate than in the U.S. and more than twice India’s rate. This threatens an economic boom that’s been built on a vast labor supply. And there may not be enough able-bodied people to take care of all those seniors. So in 2016, China cha

  • Bloomberg News | Bloomberg
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  • 7 hours ago
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The U.K.’s effort to hold top bank officials personally accountable when things go wrong on their watch is turning out to have some teeth. Just ask Barclays Plc boss Jes Staley. Regulators in mid-May ripped a chunk out of his wallet -- and left his reputation in tatters -- for attempting to find out the identity of a whistle-blower. Staley is the first top manager to be ensnared by new rules known as the Senior Managers and Certification Regime. They will soon be applied to the rest of the finan

  • John Glover | Bloomberg
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  • 15 hours ago
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After an almost 20-year drought in mergers and acquisitions among lenders in Saudi Arabia, a new deal may spur activity in the Middle East’s biggest economy. HSBC Holdings Plc affiliate Saudi British Bank, or SABB, is set to take over Alawwal Bank that’s backed by Royal Bank of Scotland Group Plc in a $5 billion stock deal. The merger will reaffirm HSBC’s position in the kingdom and may offer international lenders some insight on how to approach Saudi Arabia, which is opening up to overseas inve

  • Sarah Algethami | Bloomberg
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  • 22 hours ago
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ConocoPhillips is going all out to recover $2 billion it was awarded in arbitration from Venezuela. First it froze the assets of Venezuela’s state-run oil giant, Petroleos de Venezuela SA, at Caribbean harbors that serve as key waystations for much of Venezuela’s crude exports. Now it’s pushing to do the same in the U.S., Europe and Asia. The fight pits the world’s biggest independent explorer against the holder of the world’s most significant crude reserves, and it’s exploring some surprising l

  • Alex Nussbaum, Ezra Fieser and Lucia Kassai | Bloomberg
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  • 1 day ago
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Ebola is one of the deadliest diseases on Earth, with a fatality rate as high as 90 percent. It’s one of a handful of illnesses that are so deadly governments consider them a threat to national security. An epidemic in West Africa that began in late 2013 killed more than 11,000 people, exceeding the counts from all previous waves combined. A new outbreak in the Democratic Republic of Congo has raised fears again of a wider contagion.

  • Albertina Torsoli and William Clowes | Bloomberg
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  • 3 days ago
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ConocoPhillips is going all out to recover $2 billion it was awarded in arbitration from Venezuela. First it froze the assets of Venezuela’s state-run oil giant, Petroleos de Venezuela SA, at Caribbean harbors that serve as key waystations for much of Venezuela’s crude exports. Now it’s pushing to do the same in the U.S., Europe and Asia. The fight pits the world’s biggest independent explorer against the holder of the world’s most significant crude reserves, and it’s exploring some surprising l

  • Alex Nussbaum, Ezra Fieser and Lucia Kassai | Bloomberg
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  • 3 days ago
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Ireland has long had one of the most restrictive abortion laws in the Western world. On May 25, voters will decide whether to dial it back. A vote to change the Irish Constitution would be the latest indication of social change in a nation where the teachings of the Catholic Church once held sway.

  • Peter Flanagan | Bloomberg
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  • 3 days ago
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  • Analysis

Venezuela has more oil than Saudi Arabia and more poverty than Colombia. Once one of Latin America’s richest countries, it’s now plagued with shortages of everything from toilet paper to antibiotics and food. It’s been a steep downward spiral since the heady days when the late President Hugo Chavez set out to use an oil boom to light a socialist path to prosperity, not just for the poor in Venezuela but across Latin America. Chavez died in 2013, about a year before oil prices fell sharply. His p

  • Patricia Laya | Bloomberg
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  • 3 days ago
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  • Analysis

One of the main objections to legalizing sports betting used to be that it would tempt players and officials to rig games. But that’s become something of a moot point following an explosion of illegal sports gambling via online bookmakers. In fact, many sports bodies and law enforcement agencies now argue that the best way to combat match-fixing is to bring sports betting out of the shadows. Whatever the risks, the potential tax windfall from legalization may be too alluring to pass up for many

  • Ira Boudway and Grant Clark | Bloomberg
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  • 3 days ago
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We humans are all too good at putting carbon dioxide into the atmosphere. Can we come up with a way to vacuum it out? Scientists, engineers and governments are focusing on technologies that capture carbon to buy time as the global economy tries to kick the fossil-fuel habit. But as predictions of the climate’s trajectory grow more dire, the most authoritative studies are concluding that large-scale carbon removal -- enough to massively reduce absolute carbon levels, not just lower the rate of in

  • Eric Roston | Bloomberg
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  • 3 days ago
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The legal inquiries into U.S. President Donald Trump and his 2016 campaign started with Russia but have moved much closer to home. While Trump insists no evidence will ever emerge of his campaign colluding in Russia’s high-tech interference with the election -- and Trump’s opponents say some compelling clues are already out in the open -- a separate investigation focusing on Trump’s personal lawyer could bring all sorts of other legal questions into play.

  • Laurence Arnold | Bloomberg
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  • 4 days ago
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Benchmark prices for liquefied natural gas are set at a handful of major global trading hubs, but there’s a problem for the world’s four biggest consumers, all of which are Asian countries: the hubs are located thousands of miles away in the U.S. and Europe. Those faraway prices are often based on very different market fundamentals, so efforts are under way to create LNG hubs in Asia with their own benchmarks. It’s not quite as straightforward as it sounds, though.

  • Saket Sundria and Dan Murtaugh | Bloomberg
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  • 4 days ago
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  • Analysis

The internet is a set of pipes. It’s also a set of values. Whose? The people who consider it a great social equalizer, a playing field that has to be level? Or the ones who own the network and consider themselves best qualified to manage it? It’s a philosophical contest fought under the banner of “net neutrality,” a slogan that inspires rhetorical devotion but eludes precise definition. Broadly, it means everything on the internet should be equally accessible — that the internet should be a plac

  • Gerry Smith | Bloomberg
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  • 4 days ago
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The legal inquiries into U.S. President Donald Trump and his 2016 campaign started with Russia but have moved much closer to home. While Trump insists no evidence will ever emerge of his campaign colluding in Russia’s high-tech interference with the election -- and Trump’s opponents say some compelling clues are already out in the open -- a separate investigation focusing on Trump’s personal lawyer could bring all sorts of other legal questions into play.

  • Laurence Arnold | Bloomberg
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  • 5 days ago
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