Bloomberg Rocket Internet SE-backed e-commerce coupon business Global Savings Group became profitable for the first time, a boon for the Berlin-based startup factory that’s been under pressure to prove it can turn its units into money-making machines. Global Savings, about 40 percent owned by Rocket, said its gross merchandise value, a measure for sales it generates for retailers, about doubled ...

Bloomberg Volkswagen AG operated a top-secret site at its sprawling headquarters to test the diesel technology at the heart of the emissions-cheating scandal, reflecting the lengths those involved went to conceal their actions, people familiar with the matter said. Some engineers used the research facility in Wolfsburg, Germany, to upload the software that manipulated regulatory emissions checks, one of the ...

Bloomberg Neuralink Corp., the startup co-founded by billionaire Elon Musk, has taken steps to sell $100 million in stock to fund the development of technology that connects human brains with computers. The San Francisco-based company has already gotten $27 million in funding, according to a filing with the US Securities and Exchange Commission. Musk said Neuralink isn’t seeking outside investors. ...

There is much to dislike in President Trump’s trade agenda, but he is correct on one subject: China’s relentless quest to extort American “intellectual property”—technologies, business methods, patents. Trump took a swipe last week at China’s policies by ordering his top trade officials to investigate. Whether he can alter China’s behavior is unclear, but he is right to try, even ...

President Donald Trump’s decision last week to disband the Manufacturing Council and Strategy & Policy Forum not only puts his agenda to revitalize the nation’s infrastructure in jeopardy, it also weakens the precarious support commodities such as copper, steel and crude oil have relied upon. Although not stellar, global commodity prices had shown decent support ever since it became clear ...

Risk assets across the globe, despite already high valuations, have recovered impressively from a sell-off triggered by concerns about a North Korean nuclear attack. In doing so, they have again highlighted the extent to which traders and investors—highly confident about the environment they operate in (be it economic, financial or institutional)— have developed endogenous stabilizers. And while there is a ...

If President Donald Trump really wants to light up the Twittersphere, what should he write about? White supremacists? The wall? Obama? Fighting terrorism? Nope. Judging from experience, his best bet is just repeating his mantra: “Make America Great Again.” Welcome to another special edition of the Trump Twitter Filter, where we analyze the behavior of @realDonaldTrump so you don’t have ...

As India celebrated 70 years of independence last week, a tragedy in a remote corner of India’s largest state, Uttar Pradesh, highlighted how far the world’s largest democracy still is from being able to provide a healthy life for most of its citizens. For all its talk of smart cities and industrial corridors, this is the government’s greatest failing—and one ...

Silicon Valley has a perception problem. Steve Jobs once said, speaking about the irreverent culture he helped create, that “it’s better to be a pirate than join the navy.” This ethos served the community well when its firms existed at “pirate scale.” But now Silicon Valley’s most successful companies have become some of the largest in the world. This culture ...

In another sign that the age of fossil fuels is waning, the California State Senate has passed a bill to commit the state to use 100 percent renewable energy for power by 2045. Other states and cities—including Massachusetts, Chicago and Atlanta—intend to make similar switches. Proponents highlight a bevy of ways in which the Age of Renewables will improve our ...