Forget Donald Trump. Long before the White House began trafficking in alternative facts, Venezuela’s government had cornered the market in magical thinking. You say gross economic mismanagement is wrecking the economy? Nonsense, volleyed President Nicolas Maduro, the disappearance of goods like food and medicine is the work of unscrupulous profiteers. The continent’s largest oil producer can’t keep the lights …

  Bloomberg Alibaba Group Holding Ltd. is teaming up with Shanghai Bailian Group Co., one of China’s largest supermarket and department store chains, as Jack Ma accelerates an effort to employ technology to shake up old-fashioned retail. Alibaba’s planning to help upgrade some of Bailian’s 4,700 stores across the country, integrating everything from customer relations to payment and logistics in …

  Bloomberg As politicians and businesses wrestle with potential changes to UK border controls, one of the world’s largest online travel booking companies has decided to double its headcount in London, and it’s not alone in looking to expand. Expedia will expand its UK office by 138,000 square feet, or to roughly twice the size of its existing space, and …