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Europe tries to avoid crisis as US-China trade war grows

Bloomberg In the shadow of an escalating trade war, momentum is picking up to protect the World Trade Organisation from turning irrelevant. The European Union will host trade ministers from the US and Japan next month in Brussels, according to two officials with knowledge of the meeting. The gathering will be part of an effort to address China’s trade practices ...

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Apollo Global to acquire Aspen for $2.6 billion in insurance expansion

Bloomberg Apollo Global Management LLC, the investment firm led by Leon Black, agreed to acquire Aspen Insurance Holdings Ltd. for $2.6 billion, in the latest example of private equity investors expanding their insurance assets. Apollo will pay $42.75 a share for the Hamilton, Bermuda-based insurer, a premium of 6.6 percent to Monday’s closing share price, in an all-cash deal. The ...

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Toyota invests $500mn in Uber for self-driving tech

Bloomberg Toyota Motor Corp. is expanding an alliance with Uber Technologies Inc. through a new investment and a plan to get self-driving cars on the road. The Japanese automaker is investing $500 million in Uber, the companies said. The deal values the ride-hailing giant at $72 billion, said a person familiar with the matter. As part of the pact, Toyota ...

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