Bloomberg UK construction growth slowed to the weakest in almost a year in July, according to IHS Markit. The Purchasing Managers’ Index fell to 51.9, the lowest since August, from 54.8 in June. That’s below the 54 forecast by economists in a Bloomberg survey, although it remains above the 50 level dividing expansion from contraction. The construction sector was a ...

Bloomberg Volkswagen AG, Daimler AG and BMW AG agreed to upgrade more than 5 million diesel cars in Germany in a bid to salvage their beleaguered diesel technology and draw a line under an emissions scandal that shows no signs of abating after nearly two years. The deal, hashed out at an emergency summit in Berlin on Wednesday, also includes ...

Bloomberg Egypt may exceed its $10 billion target for foreign direct investment this year as the weaker pound reduces the cost of doing business in North Africa’s largest economy and a new investment law comes into force, the investment minister said. Sahar Nasr told Bloomberg she had been approached by investors from Saudi Arabia, Singapore, China and the United Arab ...