Bloomberg International Trade Secretary Liam Fox said the UK would like a trading relationship with the European Union after it leaves the bloc that’s “virtually identical” to the one it has now. A trade deal similar to the current arrangements would ensure a smooth transition period, Fox said in in Buenos Aires while attending a World Trade Organization ministerial meeting. …

Bloomberg Does the US run a trade deficit or surplus with Canada? It depends where you look. President Donald Trump asserted—again—the US runs “a pretty good trade deficit” with Canada. The claim was quickly rebuffed by Canada’s ambassador to the US, David MacNaughton, who cited American data saying the opposite was true. Canadian officials tend to use US data to …

Bloomberg Walt Disney Co. may announce a deal as soon as this week to acquire a large piece of 21st Century Fox Inc., according to a person familiar with the matter, transferring legendary Hollywood properties to new owners. Comcast Corp., the other major contender for the Fox assets, said it’s no longer in the running. A trust belonging to Fox …