Bloomberg UK pension liabilities increased by 7.6 trillion pounds in the five years through 2015, government figures published on Wednesday show. They stood at 7.6 trillion pounds, with the state pension—a universal entitlement paid by the government—accounting for more than half the amount, the Office for National Statistics said. There were more than 2 trillion pounds of entitlements linked to ...

Bloomberg President Donald Trump’s threat that he could tax cars imported from Europe was premised on the idea that German automakers pour Benzes and Bimmers into the US while making it “impossible” for American cars to sell there. General Motors Co., America’s largest carmaker, largely bailed from Europe last year for reasons that had less to do with protectionism than ...

Bloomberg South Korean President Moon Jae-in tried to tamp down expectations for his planned summit with Kim Jong Un, as he prepared to send envoys to Washington to discuss their meeting with the North Korean leader. “This is just a start, and we can’t be optimistic just yet,” Moon told leaders of five South Korean political parties in Seoul on ...