International News

Bloomberg The pace of US hiring accelerated in June, with payrolls increasing by the most in 10 months, suggesting firms are having greater success recruiting workers to keep pace with the economy’s reopening. Nonfarm payrolls jumped by 850,000 last month, bolstered by strong job gains in leisure and hospitality, a Labor Department report showed. The unemployment rate edged up to ...

Bloomberg Deutsche Telekom AG has kicked off the sale of its T-Mobile Netherlands BV subsidiary, which could be valued at around 4.5 billion euros ($5.3 billion), according to people familiar with the matter. The telecommunications operator is working with Morgan Stanley and has sent out information on the business to potential bidders. It has asked for first-round offers to be ...

Bloomberg Canada’s international trade balance swung into a deficit in May as exports dropped for a second month and imports recovered. The nation posted a merchandise trade gap of C$1.39 billion ($1.1 billion) in May from a revised C$462 million surplus the previous month, Statistics Canada reported in Ottawa. Economists were predicting a surplus of C$440 million. Exports were down ...

Bloomberg London moved back ahead of Amsterdam as Europe’s largest share trading center in June, reclaiming the top spot for the first time this year after Brexit pushed much of the city’s volumes to the continent. An average 8.92 billion euros ($10.6 billion) of shares a day were traded on various London venues in June, compared with 8.8 billion euros ...

Bloomberg Volkswagen AG’s Audi is setting itself ambitious profitability targets even as the luxury-car division expands its electric-vehicle sales efforts, Der Spiegel reported, citing people familiar with the matter. Chief Executive Officer Markus Duesmann plans to make Audi the VW group’s biggest profit contributor, targeting a return on sales of more than 11 percent in 2025, up from 5.5 percent ...

Bloomberg UK Prime Minister Boris Johnson tried to calm concerns among vaccinated Britons that they won’t be able to travel to the European Union this summer because they received a version of AstraZeneca Plc’s Covid-19 shot that was made in India. The vaccine — known as Covishield — isn’t approved by the European Medicines Agency. That has led to some ...

Bloomberg Central London could lose as many as 835,000 jobs in the aftermath of the Covid-19 pandemic, with employees in service industries increasingly able to work remotely and flexibly, according to research by a consulting firm. An analysis of London’s labour market data by Advanced Workplace Associates, a consultancy based in the UK capital, showed that about 41% of people ...

Bloomberg Confidence in the euro-area economy improved to the highest level in more than two decades in June as a reopening of shops, restaurants and other services propelled the region’s recovery from the pandemic crisis. A European Commission sentiment index increased to 117.9, exceeding almost all estimates in a Bloomberg survey. The gain was driven by surging optimism in services, ...

Bloomberg German joblessness slid for a second straight month in June, signaling a robust recovery as falling coronavirus infections allow shops, restaurants and cultural venues to reopen. The decline of 38,000 was almost twice as high as expectations, and put total number of unemployed at 2.69 million. The unemployment rate was 5.9%, matching previous month, which was revised lower. Germany ...

Bloomberg Elon Musk’s satellite network Starlink is on track to beam broadband internet everywhere in the world except the polar regions by August. Space Exploration Technologies Corp has launched more than 1,500 satellites so far and has Starlink operations in about a dozen countries, Musk said during a presentation at the Mobile World Congress conference. That’s costing a lot. SpaceX’s ...