Bloomberg The collapse of star investor Neil Woodford’s business empire reverberated beyond his own stockholdings, dealing a blow to the fundraising environment for early-stage British biotechnology that’s just starting to heal. Budding biotech companies, which counted Woodford as a champion, saw money from global investors drop after the mogul froze withdrawals in his flagship fund in June. Five months later, ...

Bloomberg BMW AG is showing signs of recovery under its new chief executive officer, with aggressive cost-cutting and demand for upscale models like the big X7 SUV helping to bolster third quarter earnings. After stumbling in recent quarters with low profitability and a series of operational and regulatory issues, CEO Oliver Zipse’s first results report after taking charge showed a ...

Bloomberg The US is encouraged that Japan and South Korea are showing their first signs of a thaw in their yearlong feud. But it’s unclear whether ties between the two American allies will warm fast enough to save a key intelligence-sharing pact. The neighbours have a little more than two weeks to stop the defense pact from becoming a lasting ...

Bloomberg Thailand tightened security after at least 14 people were killed in the restive deep south in one of the region’s worst attacks in recent years. Assailants targeted two checkpoints in Yala province, in an assault that left another five people injured. Police said they suspected insurgents were responsible and that surveillance had been intensified at other potential targets, such ...

Bloomberg With Angela Merkel’s succession plan unraveling, her Christian Democrats (CDU) are bracing for an open power struggle at the party’s national convention later this month. Less than a year after picking Annegret Kramp-Karrenbauer to head the CDU, a consensus is building among party officials that she’s not suited to run for chancellor after a series of gaffes, poor election ...

Bloomberg Hong Kong has been gripped for almost five months by protests demanding greater democracy. Now, a pair of bloody attacks on candidates is raising questions about whether the city can even hold an election. On Wednesday, a pro-Beijing lawmaker known for his inflammatory comments against protesters was stabbed on the street while campaigning. Earlier this week, a pro-democracy candidate ...

Bloomberg Boris Johnson tried to get his campaign on track after a stumble with one of his best-known ministers in trouble for comments about people killed in a tower-block fire. Johnson launched the Conservative Party election campaign with a rally in the West Midlands on Wednesday. Before that, the prime minister travelled to see Queen Elizabeth II before returning to ...

Bloomberg Nearly six in ten Russians want “decisive and full-scale changes” in the country amid growing discontent with the authorities over living standards, according to new research. The proportion wanting change reached 59% this year, up from 42% in 2017, the study by the Carnegie Moscow Center and the Levada Center polling organisation showed. After five years of stagnating incomes ...

Bloomberg Germany’s finance ministry sought to break the deadlock in discussions over European banking integration by signaling it may drop its opposition to a key part of the plan. Berlin is ready to consider a form of joint European deposit insurance, something that would stabilise the financial system by reducing the risk of bank runs, according to a finance ministry ...

Bloomberg The Bank of Thailand cut its benchmark interest rate for the second time in three months and said it will ease rules on outflows to curb a surging currency. Five of the seven Monetary Policy Committee members voted to cut the key rate by a quarter-percentage point to 1.25%, the central bank said in a statement. That matches a ...