Bloomberg Chancellor Angela Merkel said German authorities are committed to avoiding city driving bans for diesel cars and pledged to double a federal clean-air fund to 1 billion euros. Merkel sought to address fallout from Germany’s diesel scandal during a meeting at the chancellery in Berlin, a day after her main election opponent pressed her in a television debate to ...

Bloomberg A proposal to toughen UK laws to make it easier to hold companies accountable for financial crime is still under consideration by the government after years of back and forth, according to a speech from the solicitor general. “The weaknesses in our current law result in other jurisdictions holding British companies to account when ours has not,” Robert Buckland ...

Bloomberg In an economy growing at a moderate pace at best, the US job market keeps on shining. Payroll gains topped forecasts in five of the past seven months, putting the 2017 average increase of 184,000 almost on par with last year’s 187,000 and above levels typical for the eight-year expansion. Analysts expect barely any falloff from that pace in ...

Bloomberg Brexit has taken a back seat for traders and fund managers trying to predict the pound’s outlook over the next few months. Implied volatility in sterling is the among the lowest in the Group-of-10 countries over the next three months. This is despite the failure of the third round of separation talks between the UK and the European Union ...

Reuters A German businessman joined the field of potential bidders for insolvent Air Berlin, proposing to focus on only a few routes to holiday destinations. Air Berlin, Germany’s second-largest airline, filed for bankruptcy protection in August after shareholder Etihad Airways withdrew funding following years of losses. Now the carrier is to be carved up, most likely among several buyers, with ...

Bloomberg Sweden’s Saab AB offered to build its Gripen warplanes in India with billionaire Gautam Adani’s conglomerate as a partner, stepping up efforts to win a potential $25 billion contract that could be the world’s biggest fighter-jet order in play. The collaboration with the Indian partner would include design, development and production of the Gripen aircraft for the South Asian ...

Bloomberg Dollar General Corp. is feeling the pressure as grocery competition heats up. Shares of the dollar-store chain fell the most in more than two months after it reported a tighter gross margin in the second quarter. Deeper discounts and steeper pay for managers contributed to the profit squeeze. The company also is grappling with rising occupancy costs and a ...

Bloomberg The chief executive officer-elect of South African Airways is making it his first priority to convince banks that the state-owned carrier’s new leadership is committed to stemming five straight years of losses and repaying its debt. Lenders and other stakeholders need to be assured that “there is a plan that is plausible for SAA,” Vuyani Jarana said in an ...

Bloomberg Sequoia Capital and IDG Capital are investing in Beijing-based Bitmain Technologies Ltd., the world’s largest bitcoin mining organisation, according to people familiar with the matter. Bitmain is raising $50 million from several venture firms to boost its profile among mainstream investors, said one of the people, who asked not to be named. Sequoia and the other firms also plan ...

Bloomberg Asia’s messaging apps have a history of becoming huge in their home market before struggling to gain traction overseas. South Korea’s Kakao Corp. is counting on the Japanese love of manga comics to break that trend. Amassing 43 million users at home has driven Kakao’s market value to $7.2 billion but it’s little known outside Korea, a factor that’s ...