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UK seeks interim customs union with EU to smooth Brexit path

Bloomberg The UK government said it wants to maintain tariff-free, bureaucracy-light trade with the European Union for a period of up to two years after Brexit, a proposal cheered by British businesses but which is likely to raise eyebrows on the continent. Ahead of the publication Tuesday of the first of a series of new papers aimed at fleshing out ...

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Metro says minimum wage jump to add $39mn in labour costs

Bloomberg Canadian grocer Metro Inc. is bracing for as much as C$50 million ($39.2 million) in additional costs next year due to a minimum wage increase in Ontario. The Montreal-based company said it’s reviewing how to mitigate the impact of the measure on growth as it reported a decline in same-store sales and earnings that missed estimates. Profit for the ...

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Amazon to seek $16 billion bond sale for Whole Foods

Bloomberg Amazon.com Inc. is turning to the debt markets to fund the $13.7 billion acquisition of Whole Foods Market Inc. and power Jeff Bezos’s planned conquest of the supermarket business. The world’s largest online retailer is selling $16 billion of unsecured bonds in as many as seven parts, according to a person with knowledge of the matter. In a sign ...

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