Bloomberg UK inflation picked up less than economists forecast in January as clothing-store discounts kept the rate from reaching the Bank of England’s target. The increase in the rate to 1.8 percent from 1.6 percent in December fell short of the 1.9 percent estimated in a Bloomberg survey. The pound weakened and traders pared bets on a Bank of ...

    Bloomberg Rolls-Royce Holdings Plc Chief Executive Officer Warren East said the struggling aircraft-engine manufacturer will deepen costs cuts and restructure or sell the weakest parts of its business after profit dropped by almost half in 2016. While around 80 percent of activities are in “a reasonably strong position in an attractive market,” the rest are on less solid ...

  Bloomberg For the past year, Google’s car project has been a talent sieve, thanks to leadership changes, strategy doubts, new startup dreams and rivals luring self-driving technology experts. Another force pushing people out? Money. A lot of it. Early staffers had an unusual compensation system that awarded supersized payouts based on the project’s value. By late 2015, the numbers ...