Bloomberg Ericsson AB is considering cutting about 1,000 jobs in Italy, about a quarter of its local workforce, after losing out on a contract to manage the country’s largest wireless network, according to people familiar with the matter. The Swedish company wasn’t selected to merge and run the network of CK Hutchison Holdings Ltd. and VimpelCom Ltd., said the …

  Bloomberg Facebook Inc. risks a multimillion-euro fine for allegedly misleading European Union merger watchdogs when it won approval to buy the WhatsApp messaging service in 2014. The EU’s antitrust authority said in a statement on Tuesday it suspects Facebook supplied “incorrect or misleading information” on linking data with WhatsApp when regulators cleared the tie-up two years ago. Officials said …

  Reuters Egypt’s blue chip stock index surged to a record high on Tuesday while Qatar’s market was supported by a potential $44 billion bank merger but other major Gulf bourses were dampened by profit- taking. Cairo’s index jumped 3.4 percent to 12,148 points, exceeding its previous all-time high of 12,039 points reached in April 2008. The index is up …