Bloomberg Opinion

6 hours ago | bloomberg.com | Joe Mayes |Alex Wickham

(Bloomberg) -- The UK is drawing up plans for a special visa for foreigners who invest significant sums in Britain, as Prime Minister Keir Starmer’s government seeks to blunt the economic blow from recent tax hikes and wider curbs on work permits.

10 hours ago | bloomberg.com | Philip Lagerkranser

German Chancellor Friedrich Merz wants to create Europe’s most formidable conventional army as he seeks to counter the rising threat from Russia. “Our friends and partners also expect this from us, indeed, they practically demand it,” Merz told Bundestag lawmakers today. The plan is said to include raising the annual defense budget to more than €60 billion ($67.4 billion) this year and beyond, a more than 15% increase from 2024.

12 hours ago | bloomberg.com | Patricia Lopez

MAGA in South Africa. (Bloomberg Opinion) -- As one of the first acts of his second term, President Donald Trump suspended the US refugee program, not to be restarted “until such time as the further entry into the United States of refugees aligns with the interests of the United States.” Almost four months later, it is now clear which refugees align with those interests, and which do not: Prosperous, White South African farmers are allowed in, while Afghans fleeing the Taliban are not.

13 hours ago | bloomberg.com | Emily Birnbaum |Steven Dennis

The US Capitol in Washington, DC. (Bloomberg) -- Wealthy Americans and business investors are among the big winners in House Republicans’ draft tax legislation while targets of President Donald Trump’s ire such as immigrants and elite universities were hammered. The tax plan is likely to undergo significant changes as it winds through the House and then the Senate. But the committees’ drafts released this week have set up initial goalposts. Here’s who’s winning and losing so far in the tax fight.

15 hours ago | bloomberg.com | Ryan Gallagher

(Bloomberg) -- Nucor Corp., the biggest steel manufacturer in North America, shut down production at some of its facilities after detecting an unauthorized intrusion into its computer systems. The company took potentially affected systems offline and implemented other containment measures, Nucor said in a disclosure filed with the Securities and Exchange Commission on Wednesday.