Bloomberg Politics: news on page 717

How the ‘Warren Buffett of Arabia’ Built His Fortune

How the ‘Warren Buffett of Arabia’ Built His Fortune

Alwaleed’s $17 billion is mostly self-made. The arrest of the kingdom’s leading global moneyman could spook foreign investors.
The Brothers Who Bought South Africa

The Brothers Who Bought South Africa

The continent’s most important economy now appears to function for the benefit of one powerful family.
From Circuit Breaker to Record Maker: Trump's Year in Charts

From Circuit Breaker to Record Maker: Trump's Year in Charts

It’s been a year since America awoke to Donald Trump, president-elect. While the victory upended the American political landscape, no such transformation occurred in financial markets, where calm has
Trump's $250 Billion China Haul Features Little of Substance

Trump's $250 Billion China Haul Features Little of Substance

The headline number is impressive: A quarter-trillion dollars worth of deals from China that President Donald Trump can use to show he’s creating opportunities for U.S. businesses and jobs for his
U.S. to Run Rare Three-Carrier Exercise Near Korean Peninsula

U.S. to Run Rare Three-Carrier Exercise Near Korean Peninsula

Hours after President Donald Trump launched into a stinging attack on North Korean leader Kim Jong Un, the U.S. Navy said it would carry out strike force drills in the Western Pacific using three
Former Drug Exec Is Said to Be Trump's Expected Health Secretary

Former Drug Exec Is Said to Be Trump's Expected Health Secretary

President Donald Trump is expected to name former drug industry executive Alex Azar to lead the U.S. Department of Health and Human Services, according to people familiar with the matter.
Saudi Ally El-Sisi Says Opposed to War With Iran, Hezbollah

Saudi Ally El-Sisi Says Opposed to War With Iran, Hezbollah

Egyptian President Abdel-Fattah El-Sisi said he was opposed to any war with Iran and its Lebanese proxy Hezbollah, and that Gulf tensions should be handled cautiously to avoid adding to regional
Monsoon Season Makes Malaysia's Election Unlikely This Year

Monsoon Season Makes Malaysia's Election Unlikely This Year

A monsoon-season election in Malaysia could threaten turnout and hurt the credibility of the result, a government minister said, signaling the vote is likely to now be held next year.
Bipartisan Dodd-Frank Fix Could Benefit Banks Big and Small

Bipartisan Dodd-Frank Fix Could Benefit Banks Big and Small

The top Republican on the Senate Banking Committee is getting closer to striking a deal on a bipartisan bill to ease financial rules that could have wins for banks both big and small.
Fear of the Taxman Blights Modi's Quest to Expand Formal Economy

Fear of the Taxman Blights Modi's Quest to Expand Formal Economy

Twice in the past year, Mohammed Mohsin’s textile design business was buffeted by major changes in the Indian economy. First, a ban on high-value notes, then a new tax system. Now, he senses yet
Al Franken Calls for Big Tech Algorithms to Be More Transparent

Al Franken Calls for Big Tech Algorithms to Be More Transparent

Senator Al Franken called for more transparency into how Alphabet Inc.’s Google, Facebook Inc. and Amazon.com Inc. choose what news and products users see and said lawmakers should investigate the
Women Are Rising Up the U.K. Corporate Ladder, But Not Fast Enough

Women Are Rising Up the U.K. Corporate Ladder, But Not Fast Enough

For all the talk of wanting more women in positions of power, the number of female executives in Britain’s biggest traded companies has barely shifted.
Brexit Talks Resume With EU Wary of U.K. Political Risk

Brexit Talks Resume With EU Wary of U.K. Political Risk

Brexit talks resumed Thursday with no indication that a breakthrough is in reach: the Europeans are taking a cautious approach even as both sides hope for an agreement by year-end.
The Takeaways From Election Day 2017

The Takeaways From Election Day 2017

Bloomberg Businessweek's Josh Green examines the results of the 2017 U.S. elections. He speaks with Bloomberg's Scarlet Fu and Julia Chatterley on "Bloomberg Markets." (Source: Bloomberg)
Harvard's Furman Says House Tax Bill Will Hurt Growth

Harvard's Furman Says House Tax Bill Will Hurt Growth

Jason Furman, a professor at Harvard University's Kennedy School of Government and former top economic adviser to President Barack Obama, discusses the economic implications of the GOP tax overhaul
Tax Bill Offers Uneven Benefits and Hikes for Some, Analysts Say

Tax Bill Offers Uneven Benefits and Hikes for Some, Analysts Say

President Donald Trump’s promised tax cut for the middle class comes with some extra baggage in the bill House Republicans are considering: a much larger tax cut for the top 1 percent.
Ex-Saudi Crown Prince Makes a Rare Public Appearance

Ex-Saudi Crown Prince Makes a Rare Public Appearance

Saudi Arabia’s former Crown Prince Muhammad Bin Nayef made a rare public appearance following his ouster in June in a palace shakeup that brought his younger cousin closer to the throne.
Rand Paul Says He Suffered Six Broken Ribs in Attack at His Home

Rand Paul Says He Suffered Six Broken Ribs in Attack at His Home

Senator Rand Paul says a final medical report shows that he suffered six broken ribs and a "pleural effusion," a buildup of fluid around the lungs, in Friday’s incident when a neighbor tackled him
Russia's Latest Bailouts Have the Central Bank Counting Its Chickens

Russia's Latest Bailouts Have the Central Bank Counting Its Chickens

Russia’s new bailout mechanism has left the country’s central bank holding assets as diverse as poultry plants and nanotechnology firms. Now the regulator has to figure out just what to do with its
Of the Newest Governors, New Jersey's Has the Bigger Financial Bind

Of the Newest Governors, New Jersey's Has the Bigger Financial Bind

New Jersey Governor-elect Phil Murphy will have a much tougher time taking on the state’s finances than Ralph Northam, his counterpart in Virginia.