Bloomberg UK inflation unexpectedly held at 2.4 percent last month as cheaper clothing and computer games offset the rising cost of filling up a vehicle. The pound weakened as investors pared bets that the Bank of England will raise interest rates next month. Consumer prices were unchanged from May, the Office for National Statistics said on Wednesday. Annual inflation was ...

Bloomberg After the drama of President Donald Trump’s widely criticized news conference with President Vladimir Putin, one agreement the two leaders reached on the business front may go forward, according to the head of the Kremlin-backed Russian Direct Investment Fund. Kirill Dmitriev, an ally of Putin who heads the sovereign wealth fund sanctioned by the US, says American businesses are ...

Bloomberg Hundreds of German Tesla Inc. Model S drivers have been ordered to pay back a 4,000 euro electric-vehicle subsidy after a government agency deemed their luxury cars too expensive to qualify for the programme. Some 800 drivers who bought their cars before March 6 and have received the so-called “environmental bonus” will have to return it, Germany’s Federal Office ...