Bloomberg European Union finance ministers were expected to discuss US legislation to slash taxes at a meeting in Brussels on Tuesday and whether the new plan violates international trade rules. The centerpiece of the tax bill that passed the US Senate is a reduction in the corporate tax rate to 20 percent from 35 percent. The bill still needs to ...

Bloomberg BMW AG is targeting another ambitious hike in plug-in hybrid and battery car sales next year to defend its position in the electric-car shift as competitors like Volkswagen AG ready their own battery lineups. The planned increase to about 150,000 cars sold would represent a 50 percent rise from this year, and a jump of about two-thirds from last ...

Bloomberg The UK’s net worth increased the most on record last year, as the value of land continued to increase. The nation’s total worth was estimated at 9.8 trillion pounds ($13.2 trillion) at the end of 2016, the Office for National Statistics said on Tuesday. That’s 803 billion pounds higher than the previous year— and, at almost 9 percent, the ...