Bloomberg European Union policy makers aren’t attempting to read anything into signals sent by Theresa May and the rest of the U.K. government on Britain’s future relationship with the bloc and are just waiting for an official communication, an EU Commission vice president said. “The European Commission will probably not be interpreting the U.K. government,” Valdis Dombrovskis said in ...

  Stockholm / AFP British-American economist Oliver Hart and Bengt Holmstrom of Finland on Monday won the Nobel Economics Prize for their work on contract theory, the jury said. “This year’s laureates have developed contract theory, a comprehensive framework for analysing many diverse issues in contractual design, like performance-based pay for top executives, deductibles and co-pays in insurance, and the ...

  Bloomberg German chemicals firm Bayer said on Monday it would not introduce genetically modified crops in Europe after its gigantic takeover of US seed and pesticide producer Monsanto. “We aren’t taking over Monsanto to establish GM plants in Europe,” chief executive Werner Baumann told the Sueddeutsche Zeitung newspaper. “Some people think it might be easier for us than for ...