Photographer: SeongJoon Cho/Bloomberg

Your Evening Briefing

The evening briefing will soon be available in your inbox every day. To be among the first to get it, sign up here.

A president has fallen. In one of the most stunning political upsets in South Korea's history, Park Geun-hye was found to have consistently abused her power in a bid to help a confidante extort money. Her unprecedented removal means there will be an election within 60 days. Opposition figures are leading in opinion polls, and they favor moves to break up the family-run conglomerates that have dominated the economy for decades. In addition, prosecutors have so far indicted about 40 people, including business and political leaders, in their wide-ranging corruption probe. This story is far from over. — Alex Millson and Brent O'Brien

Donald Trump has call centers in the Philippines worried. Outsourcing companies, whose clients primarily are U.S.-based, fear the president's plan to bring jobs back to America won't just end at manufacturing. Industry chiefs in the Philippines are considering hiring a U.S.-based consultant to monitor the threat of rising American protectionism.

Millennials are breathing new life into Japan's dying towns. Mountain communities full of elderly residents, with fast-declining populations, are being revitalized by an influx of tech-savvy young workers. Prime Minister Shinzo Abe has stressed the need to revitalize rural areas as the country struggles with demographic decline. The stakes are high as depopulation may wipe out nearly half of Japan's towns in coming decades.

India lost 11 billionaires last year. The country's crackdown on cash saw several fortunes fall below the magic billion-dollar figure in 2016, pushing the nation one spot down the Hurun Global Rich List. The nation's very richest, however, emerged almost unscathed. The 18 Indians on Bloomberg's Billionaires Index — the world's top 500 billionaires — saw their combined wealth fall just 1.5 percent.

Australia's stay-at-home moms need to get back to work. The nation's solid labor market performance this century is being sullied by its failure to fully tap the potential of women, specifically those with young children, single mothers and females in their late 50s, according to the Organisation for Economic Co-operation & Development.

How to become an international gold smuggler. Although he was barely old enough to order a beer in Miami, Harold Vilches, a 23-year-old Chilean, exported $80 million of contraband gold. It all started with a Google search. This is his incredible story.

Luxury home prices in Australia and New Zealand jumped 11 percent last year, making Australasia the world's best-performing region for high-end housing gains. Asia ranked second on the Knight Frank index, no thanks to Singapore, whose government eased property curbs after three years of price declines.

Nine things you're doing wrong in a cocktail bar. It's the weekend and you want to wind down with a decent drink — one of life’s great pleasures. But there are right and wrong ways to go about it, according to the co-founder of one of the world's best bars. Here's how not to behave.

The Paddington cocktail from PDT.
Photographer: Eric Medsker
    Before it's here, it's on the Bloomberg Terminal. LEARN MORE