Midterm Preview, Sri Lanka's Strongman and Merkel: Weekend Reads
(Bloomberg) --
It's crunch time for the U.S. midterm elections, with Democrats optimistic that they can retake the House but facing an uphill battle for the Senate. In the last week before voting, President Donald Trump took steps to energize his base, including pledges to eliminate “birthright citizenship” and deploy troops to the border with Mexico, as well as saying China might want to reach a deal on trade.
There's a succession battle raging for the top spot in Germany's ruling party after Angela Merkel unexpectedly said she'd step aside. We also had great coverage of an authoritarian ruler sweeping back into power in Sri Lanka, and how Ireland's government is doing more to help prepare British businesses for Brexit than the U.K.'s.
We hope you enjoy reading more about these and our other best stories from the past seven days in this edition of Weekend Reads.
Where the 2018 Race Stands Days Before Vote: Election Countdown
The biggest political test of Trump's presidency comes Tuesday in House and Senate elections that will determine whether his Republican Party keeps control of Congress for the next two years. Joe Sobczyk provides a look at Bloomberg's reporting in the runup to the vote as the president appeals to his base with intensified attacks against immigrants and Democrats.
Haley's Exit Leaves UN Fretting About Next ‘America First' Envoy
Trump's “America First” rhetoric was never popular at the United Nations, but as David Wainer reports, officials there are worried they're losing a critical ally as his ambassador, Nikki Haley, prepares to depart. Haley's ability to deliver Trump's agenda while also forging a partnership with Secretary-General Antonio Guterres will be a hard act for any successor to follow.
Trump's Success in Isolating Iran Can Be Seen on a Dubai Menu
Anyone wanting to gauge Trump's impact on Iran would do well to study what's on offer at Maryam Sharifi's restaurant. As Ladane Nasseri writes, Iranian businessmen are leaving Dubai as links with the Islamic Republic are slowly severed, forcing her to shift from Persian favorites like kebabs to pasta and biryani to appeal to appeal to a wider crowd.
Want to Know How to Plan For Brexit? Don't Ask Britain
With the U.K.'s divorce from the European Union approaching, ministers are urging businesses to prepare, with leaflets, loans and a website spelling out what companies must do. But as Robert Hutton explains, the government doing all this is Ireland's. The British side is doing rather less – no tote-bags, no website and no mention of Brexit on its front page.
Saudi Prince Starts to Pay Political Price for Khashoggi Murder
Fallout from the murder of Saudi critic Jamal Khashoggi is mounting for the kingdom's young leader. Donna Abu-Nasr and Alaa Shahine report that Crown Prince Mohammed bin Salman is starting to look dangerous to western leaders who once feted him, and the U.S. is signaling that its position is shifting on explosive issues like the war in Yemen and the crisis with Qatar.
Merkel 2.0 vs Germany's Old Guard: Succession Battle Takes Shape
Take a closer look at the rivals vying to succeed Angela Merkel as the leader of Germany's Christian Democrats. In one corner is the chancellor's chosen heir, Annegret Kramp-Karrenbauer, a low-key moderate known as “mini-Merkel.” In the other is socially conservative Friedrich Merz, a BlackRock Inc. executive who's looking for payback after Merkel pushed him aside as opposition leader more than a decade-and-a-half ago.
How Long Will World Leaders Be in Power? Here's a Reality Check
With Merkel stepping aside, French President Emmanuel Macron's popularity slumping and the backlash over Khashoggi's killing, it's natural to ask how long world leaders will stay in power. Ben Sills and Patricia Suzara dig into analyst forecasts, public opinion, economic performance and local factors to give us an updated outlook on how long heavyweights from Trump to Vladimir Putin and Kim Jong Un might stay on.
Bolsonaro Saves Brazil or Fails Badly: Two Possible Scenarios
Jair Bolsonaro, Brazil's president-elect, is divisive, has no executive experience and says he knows nothing about economics, so healing a deeply divided nation and putting Latin America's largest economy back on track is a gargantuan task. Raymond Colitt looks at scenarios in which things may unfold reasonably well under the former paratrooper and those where it all goes wrong.
Sri Lanka's Strongman Is Back, and He's Brought His Family Too
Mahinda Rajapaksa's surprise return to the prime minister's office has stunned everyone from economists who worry he may renege on debt payments to activists concerned about civil liberties in a country still recovering from a 26-year civil war. Iain Marlow and Anusha Ondaatjie report how Rajapaksa's clan is manoeuvring to once again dominate politics in in the Indian Ocean nation.
And finally… Tattoos, DNA and scars are vital clues used to identify the thousands of people who are buried anonymously in South Africa each year. As Pauline Bax reports, most are believed to be migrants who've come to Africa's most industrialized nation for work, and dealing with their remains is becoming a burden on the state.
To contact the editor responsible for this story: Rosalind Mathieson at rmathieson3@bloomberg.net, Ben Sills
©2018 Bloomberg L.P.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.