If polls are correct, Angela Merkel is on track to win a record fourth term as German chancellor on September 24. The temptation, after such a long run of electoral success, is to keep the formula unchanged and carry on giving the voters what they want. The trouble is, what makes sense for Germany and its people isn’t quite what’s ...

The Republicans are making yet another run at repealing Obamacare, this time with a bill sponsored by Republican senators Lindsey Graham, of South Carolina, and Bill Cassidy, of Louisiana. While this legislation doesn’t seem workable in its current form, as the old saying about Richard Wagner’s music goes, the bill is in some respects “better than it sounds.” Think of ...

Whether you think of subprime mortgages or auto loans, there is little doubt that consumers were the symbol of the 2008 financial crisis. Since then, households have gone through a painful process of deleveraging, as central banks kept interest rates at rock bottom to help them pay back their debts. The same isn’t true for companies. As monetary authorities edge ...

“Beware of Greeks bearing gifts,” wrote the ancient Roman poet Virgil. In the 21st century, it’s the Greeks who should have been more careful about accepting offerings—specifically from the International Monetary Fund, which is now torturing the country in a misguided effort to get its money back. Greek officials have worked hard to shore up their economy and finances. From ...

Bloomberg It’s been 10 years since Apple Inc. unleashed a surge of innovation that upended the mobile phone industry. Electric cars, with a little help from ride-hailing and self-driving technology, could be about to pull the same trick on Big Oil. The rise of Tesla Inc. and its rivals could be turbo charged by complementary services from Uber Technologies Inc. ...

Bloomberg Gogoro Inc., an electric scooter-maker backed by Panasonic Corp., raised $300 million from Singapore’s Temasek Holdings Pte. and other investors to pay for expansion and research and development. Generation Investment Management LLP, co-founded by Al Gore, Japan’s Sumitomo Corp., and French utility Engie SA, also invested. The new funding brings the Taiwan-based startup’s valuation to about $800 million, including ...

Bloomberg Ubisoft Entertainment SA, the French video-game company that’s racked up the fifth-best performance among Stoxx 600 members this year, has a plan to keep revenue and profit growing, if it can maintain its independence from French media giant Vivendi SA. The industry will expand at a rate of 15 percent to 20 percent over the next several years, Ubisoft ...

Bloomberg Poland’s government expects JPMorgan Chase & Co. to open an operational center in Warsaw, swelling the ranks of banks attracted by Poland’s lower costs amid competition by European cities for jobs set to move away from London. The US bank, which is poised to hire ‘several thousand people,’ according to Polish Deputy Prime Minister Mateusz Morawiecki, adds to list ...

Bloomberg UBS Group AG, the world’s largest wealth manager, told clients worldwide to take some profit on their stocks as rising values make it more difficult to generate “significant” further gains. “Although we continue to believe that global stocks can grind higher, underpinned by robust economic growth and increasing earnings, rising valuations are reducing the possibility of significant further upside,” ...

Bloomberg Australia’s top bankers including Andrew Thorburn, Shayne Elliott and Brian Hartzer would have almost half of their pay deferred for four years under proposed laws to clean up the country’s scandal-ridden financial services industry. Executives and board members earning A$500,000 ($400,000) or more will have to defer a portion of their remuneration under the Banking Executive Accountability Regime Bill ...