International News

  Bloomberg An espresso machine that can make anything from a concentrated ristretto espresso to a multilayered latte macchiato at the touch of a button. Price: Starts at $3,500 Why It’s Worth It: Because you can easily customize every aspect of your favorite drinks, your morning cappuccino can be perfect and easy. Enter the Jura Z6, which—in a very Swiss ...

  Ottawa, Canada / AFP Canada, Mexico and the United States will look to dovetail their climate and other policies into a continental strategy when Prime Minister Justin Trudeau hosts Barack Obama and Enrique Pena Nieto on Wednesday. But Britain’s shocking vote to quit the European Union has also abruptly shoved itself onto the agenda of the summit, which the countries ...

  Bloomberg International Monetary Fund Managing Director Christine Lagarde said that the fallout from Britain’s vote to leave the European Union hinges on what policy makers do in coming days. Much of the outcome “is going to depend on certainty or uncertainty, predictability or lack of predictability — people going in a risk-off mode or considering that the situation is ...

  Bloomberg Oil traded near $48 a barrel as the market remained volatile after the U.K. last week voted to leave the EU. Futures rose as much as 0.7 percent after declining 1.5 percent earlier in New York, following Friday’s 4.9 percent slump, the biggest drop in four months. The turmoil in financial markets continued on Monday with the pound ...

  Bloomberg New York’s landmark Waldorf Astoria hotel is scheduled to close in spring 2017 so owner Anbang Insurance Group Co. can begin converting most of the more than 1,400 rooms to luxury condominiums, said a person with knowledge of the plans. The luxury hotel, managed by Hilton Worldwide Holdings Inc., is set to reopen as many as three years ...

  Bloomberg TransCanada Corp. is seeking to recoup $15 billion for the Obama administration’s rejection of the Keystone XL oil pipeline, in a legal claim that highlights how foreign companies can use trade deals to challenge U.S. policy. The Calgary-based pipeline operator filed papers late Friday seeking arbitration under the North American Free Trade Agreement, arguing that TransCanada had every ...

  Washington / AFP Rattled by the Brexit shock, major US companies are seeking more clarity about the future of the British market, their preferred entry port to Europe. From clothing chain stores to automakers, the big names of “Corporate USA” have long flocked to Britain, attracted by its tax advantages and a common language, and by the prospect of accessing ...

  Bloomberg Univision has sold $135 million in advertising for the Copa America Centenario, almost double the $70 million it paid to broadcast the international tournament. The Spanish-language channel has recorded 20 percent more ad revenue than anticipated, according to Juan Carlos Rodriguez, president of Univision Deportes. While Chile meets Argentina in Sunday’s final at Met Life Stadium in New ...

  AFP Panama is preparing to officially open its canal shortly to far bigger cargo ships after nearly a decade of expansion work aimed at boosting transit revenues and global trade. A VIP ceremony will be held on the banks of the canal to inaugurate the completion of the works. President Juan Carlos Varela will unveil the new locks and ...

  Bloomberg Canadian Natural Resources Ltd., the nation’s largest heavy-oil producer, was fined C$500,000 ($384,500) for breaching environmental laws in 2010 and 2012. The company was penalized C$350,000 for an incident on May 28, 2010, at its Horizon facility when the plant’s sulfur-recovery unit failed and hydrogen sulfide escaped, the Alberta government said in a statement Friday. It had reported ...