Bloomberg Thyssenkrupp AG announced a dramatic U-turn in corporate strategy, saying it will take its elevator business public and abandon a plan to split in two. The shares surged the most on record after Chief Executive Officer Guido Kerkhoff said that the new proposal could also lead to the elimination of as many as 6,000 jobs. Kerkhoff’s reversal comes just ...

Bloomberg Canada’s economy posted record job gains in April, along with a pick-up in wages, in the strongest sign yet the nation’s economy has emerged from a soft patch. Employment rose by 106,500 in April, Statistics Canada said in Ottawa, the biggest one-month increase in data going back to 1976. Economists had forecast employers would add about 12,000 positions. The ...

Bloomberg Deutsche Telekom AG posted higher operating profit in the first quarter, propelled by forecast-beating US growth that’s making up for slower momentum back home in Germany, where Europe’s biggest phone company faces emerging competitive threats. Adjusted earnings before interest, tax, depreciation and amortisation after leases grew 8.3% to 5.94 billion euros ($6.65 billion). The figure, which eliminates accounting changes ...

Bloomberg BT Group Plc’s new boss Philip Jansen kept the phone company’s dividend in the face of declining profits while committing to the turnaround begun by his predecessor. Jansen said earnings would fall this year and BT needed to be “more competitive” as he laid out plans to accelerate a fibre network rollout. The dividend pledge was a relief for ...

Bloomberg Traders who lived through the 1980s US farm crisis have a good reason to be skeptical of President Donald Trump’s new plan to help growers. That’s because they question whether the US would really be able to ship all of the $15 billion in potential federal farm-good purchases as humanitarian aid to poor countries. Instead, they suspect the government ...

Bloomberg A key measure of US consumer prices rose by less than expected in April on lower used-car and apparel costs, testing the Federal Reserve’s message that muted inflation will prove transitory while giving President Donald Trump more ammunition to argue for an interest-rate cut. The core consumer price index, which excludes food and energy, rose 0.1% from the prior ...

Bloomberg Venezuelan opposition leader Juan Guaido told an emissary to meet with US military officials in a bid to establish “direct” cooperation, a signal he’s warming to the idea of intervention by force after months of failed attempts to topple President Nicolas Maduro. Guaido told supporters during a rally in Caracas that he’s sending his envoy in Washington, Carlos Vecchio, ...

Bloomberg PM Mahathir Mohamad’s ruling coalition retained a parliamentary seat in a by-election in Borneo, providing him a reprieve amid sliding approval ratings. Pakatan Harapan’s candidate won the Sandakan seat in the state of Sabah by 11,521 votes, according to the Election Commission. The special poll was called after the incumbent, father of Saturday’s victor Vivian Wong, died in March. ...

Bloomberg Philippine President Rodrigo Duterte says he hasn’t lost an election in his three-decade political career. He’s hoping his candidates for the midterm vote on Monday will continue that winning streak as voters assess his three years in office. Even with slowing economic growth and controversial policies including a deadly drug war, the firebrand leader is poised for a majority ...

Bloomberg France’s Yellow Vest demonstrations drew a lower turnout and drifted away from Paris to smaller cities, suggesting the movement is weakening as it hits the six-month mark. Police estimated 18,600 people took to the streets around France, including 1,200 in the capital, on the movement’s 26th Saturday of protests, AFP reported, citing the interior ministry. Police counted fewer than ...