Bloomberg A run-in with the US Securities and Exchange Commission may prove to be the recipe for reform that corporate governance experts have said Tesla Inc.’s board needed years ago. The electric-car maker has been forced to find an independent chairman to replace Elon Musk as part of a $40 million accord with the SEC to settle fraud charges related ...

Bloomberg Google Chief Executive Officer Sundar Pichai, whose company drew the ire of senators for failing to send a top executive to a hearing earlier this month, has agreed to appear at another session on Capitol Hill. Pichai had a round of visits in Washington on Thursday and Friday, meeting with lawmakers and the White House’s top economic adviser. “This ...

Bloomberg Foreign buyers face higher taxes on their purchase of homes in the UK as Prime Minister Theresa May starts unveiling policy plans before her Conservative party conference. The government said it will launch a consultation to increase stamp duty on individuals and companies not paying tax in the UK Ministers are considering a rate ranging from 1 percent to ...

Bloomberg Mass-market carmakers like Peugeot have a recurring nightmare: Their vehicles being relegated to transport hardware while apps provide the value that consumers care about. To counter this scenario, Peugeot is trying to prove that style will still matter with a show car that resembles the classic 504 Coupe from 1969. While the styling is retro, the technology is futuristic ...

China has marked the latest ratcheting-up of trade tensions with a misplaced history lesson. Far from worrying about its economic role in the world, the US should recognize just how well the two nations already support each other, according to a white paper released by China’s State Council: China-US bilateral trade has a strong complementarity. The US stands at the ...

Let there be no doubt, the budget that the Italian government is about to pass is a remarkable act of economic self-harm. It could take a long time to repair. The measures defy the rules of prudent debt management in order to fund outlays that will do little to improve Italy’s competitiveness. Most important, they tell investors that the populists ...

As in any relationship between people, once a company loses the trust of its customers, there is a long, lingering period of suspicion that the company will do something egregious again. There is suspicion that greedy banks will take on too much risk again. That Chipotle will make customers sick again. And that Facebook Inc. is too creepy and irresponsible ...

Good news in a tumultuous week: Congress is poised to expand a program that will boost aid to poor countries, project American values overseas, balance China’s rising influence, and (not least) offer taxpayers a tidy profit. Here’s hoping that common sense prevails and the idea becomes reality. Last week, as part of a reauthorisation bill, the House passed a measure ...

Japan’s economy is doing well. Unemployment is at multi-decade lows. Capital expenditure is up, as is return on equity. And wages are finally rising. For the longer-term, Japan also looks strong. Contrary to the popular myth that the country suffered multiple lost decades after the bursting of the bubble economy in about 1990, Japan has outperformed many other rich countries ...

Sky Plc’s takeover by Comcast Corp. is set to be one of the biggest acquisitions of a UK company by an overseas buyer. Expect more to follow. No one is bidding for a British target solely because sterling is 12 percent cheaper than just before the Brexit referendum — but the pound’s weakness is only making targets more digestible. The ...