Bloomberg Microsoft Corp. posted another quarter of brisk revenue growth driven by cloud services, underscoring the company’s success in shifting its business towards internet-based computing. The stock rose in early trading. Profit and sales for the period ended on September 30 exceeded analysts’ estimates, with revenue from Azure cloud-computing services jumping 76 percent. Office 365, the internet- based versions of ...

Bloomberg Prominent scientists are sounding the alarm on Brexit. UK researchers worry that a sharp break in ties with the European Union or failure to work out a deal could lead to an exodus of highly skilled specialists, crippling research, the Francis Crick Institute said. A survey of more than 1,000 staff members at the UK’s biggest biomedical research lab ...

Bloomberg Issuance of second-lien loans in Europe has surged this year as more borrowers tap into the growing appetite from private debt investors who are keen to source higher-yielding paper. Supply volumes have been further boosted by a handful of larger transactions that includes this week’s 500 million euro ($571 million) second-lien loan for hearing-aid maker Sivantos Pte Ltd. and ...

Bloomberg Orders placed with US factories for business equipment declined in September for a second month, a sign momentum in capital investment has paused as global trade concerns persist, Commerce Department figures showed. The report showed declines in bookings for electrical equipment, appliances and components, while orders for computers and electronic products were unchanged. Categories with gains included motor vehicles ...

Bloomberg Daimler AG has its work cut out to get a fourth-quarter earnings bounce. After two consecutive profit warnings, the German manufacturer of Mercedes-Benz cars sees improvements by clearing out vehicle stock in Europe and maintaining sales momentum in China, the Stuttgart-based company said in a statement. Neither will be easy. “Daimler is certainly not alone when hoping for a ...

Bloomberg Comcast Corp. climbed in early trading after its focus on improving its internet service paid off in the third quarter, with the largest US cable provider posting a big increase in broadband subscribers. The company added 363,000 internet subscribers in the period, a 70 percent increase from a year earlier. Comcast has had only one previous quarter in the ...

Wherever he is, President Donald Trump exults in the US economic boom, calling it, falsely, the strongest in history. (He’s just recently stopped making the same inaccurate claim for the US stock market.) He even bragged about having a “magic wand” he could wave to conjure jobs and growth. Never mind that almost 13 million of the 17 million jobs ...

So daunting is the challenge of overhauling the global energy system to prevent further catastrophic climate change, that just thinking about it feels paralysing. It’s been done before though, at least on a national level. During the 1970s and 1980s France built scores of nuclear power plants that now provide almost three-quarters of the country’s electricity. At the time, French ...

We knew the global auto industry was struggling, but is it this bad? Hyundai Motor Co. announced an almost 67 percent drop in net income, saying one-time recall costs to address quality issues were chiefly to blame. There’s a deeper problem, though. Nobody was prepared for the result, and investors fled, pushing the stock down as much as 10.7 percent. ...

If you haven’t started raising interest rates in earnest already, forget it. Central banks that have dawdled have missed the cycle. Growth seems to have peaked, and markets are signaling potential trouble. For those outside the US who tightened consistently, this is a prudent time to look around and reassess. Nations that could reasonably have been expected to raise borrowing ...