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Mighty May auto sales show US economy in sweet spot

Bloomberg Auto sales were supposed to slow again this year. But with the US economy chugging along, car shoppers keep strolling into showrooms. The pickup in hiring and President Donald Trump’s tax cuts have helped keep new-vehicle demand humming. Almost every automaker’s May results beat analysts’ estimates, and several posted increases, led by Fiat Chrysler Automobiles NV’s 11 percent jump. ...

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N Korea gets relief only when it gives up nukes, says Mattis

Bloomberg North Korea will get relief from international sanctions only when it has shown irreversible moves toward denuclearisation, US Secretary of Defense James Mattis said ahead of a summit next week between President Donald Trump and North Korean leader Kim Jong-un. Speaking on Sunday in Singapore at the start of a meeting with the defense ministers of South Korea and ...

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Le Maire to Germany: It’s now or never to strengthen euro zone

Bloomberg French Finance Minister Bruno Le Maire has a message for the German government on reform in the euro area: “It is now or never — jetzt oder nie.” After more than eight hours of tough talks with his counterparts from the Group of Seven that focused mostly on a trade dispute with the US, Le Maire found some time ...

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