A leaked European Union paper outlining the bloc’s initial negotiating position in Brexit talks hints at a clever zero-sum strategy. The EU’s main goal is to deter other potential exiters and offload all the anxiety about the truly important issues in the divorce on the UK alone. The paper (actually called a “non-paper” in EU parlance because it’s still …

  Any good arson investigator can spot areas of higher concentration of an accelerant at the scene of a fire. In the conflagration sweeping bricks-and-mortar retail, it’s likely that history will designate the accelerant as the newly appointed head of the first major chain to start closing profitable stores in large numbers: Macy’s chief executive, Jeff Gennette. The future of …

  Silicon Valley tech companies have good reason to be concerned about President Donald Trump’s plans to review the H-1B visa program, which has been crucial in providing them access to foreign labour. It wouldn’t be such a big deal, though, if they didn’t put their offices in such expensive places. The valley’s biggest employers each host thousands of workers …