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Rupert Murdoch’s Sky windfall lessens sting of defeat

Bloomberg In Rupert Murdoch’s six decades of media dealmaking, UK broadcaster Sky Plc stands out as the one that got away. The octogenarian may still have the last laugh. While Murdoch’s 21st Century Fox Inc. lost out to Comcast Corp. in a weekend auction of the UK pay-TV company he launched almost three decades ago, the global media magnate now ...

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China’s racing to the top in income inequality

During China’s greatest period of economic growth, fed by widespread industrialisation that lifted millions out of poverty, inequality has also increased — at the fastest pace and to the highest level in the world. It may get worse. China’s Gini coefficient, a widely used measure of income dispersion across a population, has risen more steeply over the last decade than ...

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‘Brexit’ brings its own hell to shoppers

So much for hell on the British high street. Next Plc, the clothing retailer, has upgraded its profit forecast for this year by 10 million pounds ($13 million), meaning they’ll be on a par with 2017. The shares jumped by 8 percent. Simon Wolfson, chief executive, had expected UK shoppers to rein in their spending in August and September after ...

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