Bloomberg Imran Khan’s party said it has formed a majority in Pakistan’s parliament after coalition talks with smaller groups and independent lawmakers, paving the way for the former cricket star to take over as prime minister. The Pakistan Tehreek-e-Insaf, or Movement for Justice, has 174 members of the national assembly on its side so far, above the 172 needed for ...

Bloomberg Indra Nooyi is stepping down as chief executive officer of food and beverage giant PepsiCo Inc., handing the reins to a top lieutenant in a transition that will draw attention to the dearth of prominent female CEOs in corporate America. Nooyi, 62, will leave the role in October and remain chairman until early 2019. Ramon Laguarta, 54, who has ...

Bloomberg German manufacturers took a hit in June as a slide in overseas demand knocked factory orders amid escalating trade tensions. Orders fell 4 percent from the previous month — eight times as much as forecast in a Bloomberg survey of economists — and the 0.8 percent drop from a year ago was the first annual decline since 2016. The ...