Bloomberg The pressure on consumers from the soaring cost of living was laid bare as Britain published its most complete picture of the economy in the first three months of the year. Britons saved a smaller proportion of their incomes than at any time on record and household incomes adjusted for inflation fell for a third straight quarter, the longest …

Bloomberg A shift in how Europeans finance their cars is threatening to expose bondholders in the region to the same risk that’s been building in the US for decades. Buyers of notes backed by auto debt are increasingly vulnerable to drops in used-vehicle prices because more and more drivers in Europe are leasing cars and trading them in for new …

Bloomberg Microsoft Corp. is planning a global sales reorganization to better focus on selling cloud software, according to people familiar with the matter. The restructuring is scheduled to be announced as soon as next week and will impact the Worldwide Commercial Business under Judson Althoff and Jean-Philippe Courtois’ global sales and marketing group, the people said. Job cuts are likely …