Liverpool / AFP Distracted by a bitter leadership contest, Britain’s main opposition Labour party has struggled to present a vision of Brexit to challenge the ruling Conservatives— and many fear the re-election of Jeremy Corbyn will do little to change this. There are concerns the lack of an alternative could result in a “hard Brexit”, where Britain agrees to …

  Sao Paulo / AFP Brazilian police on Monday arrested Antonio Palocci, a former finance minister and senior figure in the last two governments, as part of the Petrobras corruption probe, news reports said. Police said only that a former minister was arrested. The state-run Agencia Brasil and other news outlets identified the person as Palocci, 55, who served as …

  Bloomberg Lanxess AG agreed to buy U.S. competitor Chemtura Corp. for about $2.1 billion in cash, more than doubling the size of its additives business and accelerating a shift towards specialty chemicals. Shareholders of the maker of lubricant additives and flame retardants will get $33.50 a share under the terms of deal, Cologne, Germany-based Lanxess said in a statement …