Bloomberg President Tsai Ing-wen is coming under increased pressure from her allies at home to push harder for Taiwan’s formal independence even as China keeps up its unrelenting campaign to bring the island under its control. Thousands of people gathered outside the headquarters of Tsai’s Democratic Progressive Party in Taipei on Saturday. Unhappy with the president’s moderate stance on Taiwan’s ...

Bloomberg Italian Deputy Premiers Matteo Salvini and Luigi Di Maio are trying to preserve a five-month-old alliance after their first serious dispute, criticism of their budget from the European Union and a downgrade by Moody’s Investors Service brought tensions to a boiling point. “The government will keep going despite the rating agencies, European commissioners and some internal misunderstandings,” Salvini said ...

Bloomberg Porsche AG’s chief financial officer said a share sale of most profitable unit could unlock value to echo Ferrari NV’s successful public offering and help the sports-car maker raise money if needed. The maker of the 911 model could easily be valued “between 60 billion and 70 billion” euros ($69.4-$81 billion), applying multiples for luxury-goods producers such as Ferrari, ...

Bloomberg Facebook Inc said it removed 559 pages and 251 accounts that were coordinating the spread of misinformation and spam in the US — and most originated from within the country. The social network, which has been under fire for facilitating foreign interference in US politics, has found that domestic actors have also been creating fake pages and accounts to ...

Bloomberg US consumer sentiment unexpectedly dipped in October to a still-elevated level amid slightly dimmer views of personal finances and the long-term economic outlook, a University of Michigan report showed. This week’s sharp drop in US stocks overlapped with survey interviews by only one evening, “having virtually no influence on the early October data,” according to the report. The poll ...

Bloomberg A Sears liquidation would cost its real estate spinoff 47 percent of its annual rent income, or about $84 million in cash flow, according to regulatory filings. Seritage Growth Properties, a real estate investment trust, was created in 2015 by Sears Chief Executive Officer Eddie Lampert to be the property owner and landlord for select locations of Sears and ...

Bloomberg A series of major scandals in Denmark is testing its status as one of the world’s least corrupt nations, with Transparency International warning that its image may now be at risk. The Scandinavian nation known for its love of bikes, equality and welfare has more recently been associated with money laundering, tax evasion and embezzlement. The development should force ...

Bloomberg Growth in UK advertising budgets has slowed to its weakest in 2 1/2 years as Britain struggles to define its future relationship with the European Union. The proportion of companies increasing their ad spending exceeded those scaling it back by 2.5 percentage points in the third quarter of 2018, down from a 6.5 point margin in the second quarter, ...

Just when it seemed safe not to worry about the next financial crisis, up pops Italy. “In Italy, lavish plans may propel next crisis,” warned The New York Times. Or, “Italy’s budget rattles financial markets on debt crisis fears,” said Sky News. Exactly how a crisis might emerge isn’t clear. Would Italian interest rates soar, reflecting fears that the country ...

Netflix Inc. has spoiled us. It accustomed viewers to the prospect of a relatively cheap video service without advertising interruptions and with what feels like an unlimited assortment of TV shows and movies that can be watched at any time. It did this at the expense of an economic business strategy, prioritising customers over profits. Whether Netflix’s approach is viable ...