Bloomberg Volkswagen AG secured 20 billion euros ($25 billion) in battery supplies to underpin an aggressive push into electric cars in the coming years, putting pressure on Tesla Inc. as it struggles with production issues for the mainstream Model 3. The world’s largest carmaker will equip 16 factories to produce electric vehicles by the end of 2022, compared with three ...

Bloomberg European Commission President Jean-Claude Juncker demanded Prime Minister Theresa May give more detail about how the UK sees its relationship with the European Union after Brexit. “It’s obvious that we need further clarity if we’re going to reach an understanding on our future relationship,” Juncker told the European Parliament in Strasbourg, France. “It’s now time to translate speeches into ...

Bloomberg London overtook New York as the biggest real estate exposure for Norway’s $1 trillion wealth fund. The fund held 22.8 percent of its real estate portfolio in London, followed by 21.5 percent in New York and 19.1 percent in Paris at the end of 2017, according to a report released on Tuesday in Oslo. At the end of 2016, ...