Bloomberg Telefonica SA and John Malone’s Liberty Global Plc have never been closer to finally creating the UK’s biggest telecom operator after flirting with various combinations over the years. Racing for a potential announcement as early as this week, talks hinge in part on striking equal control for the merger of O2 and Virgin Media, while structuring a deal that’ll ...

Bloomberg Canada officially entered a recession in the first quarter of 2020, according to the C.D. Howe Institute. Preliminary data for the first quarter showed a deep contraction in economic activity coupled with a weakening labour market. This was enough to suggest the country fell into a recession, the report said. The institute concluded that Canada hit the peak of ...

Bloomberg UK business confidence slumped the most on record last quarter as financial leaders said they see no quick recovery from the coronavirus downturn. On average, the 104 chief financial officers (CFOs) in Deloitte’s quarterly survey said they expect revenues this year to be more than a fifth lower than previously anticipated. Most said they do not see demand recovering ...