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Euro-area growth forecast up with risks more balanced

Bloomberg Growth in the euro area will be slightly stronger this year than previously forecast, the European Commission said, adding that some risks to the outlook have eased following the defeat of populist parties in France and the Netherlands. The commission sees the 19-nation economy expanding 1.7 percent this year — up from 1.6 percent forecast in February — and ...

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VW CEO directly drawn for first time into diesel row

Bloomberg While dealing with Volkswagen AG’s legal woes over the last 1 1/2 years, Chief Executive Officer Matthias Mueller was able to claim that he was not personally caught up in investigations. That has now changed, potentially complicating his efforts to turn the page on the biggest scandal in the German automaker’s recent history. Mueller, brought in at the height ...

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Snap CEO dismisses growth shortfall, scoffs at Facebook

Bloomberg For a guy who just lost about a quarter of his net worth, Snap Inc. co-founder Evan Spiegel exuded confi- dence on his first earnings conference call, explaining away the company’s shortcomings and even throwing shade at his bigger — and far more successful — social media rival, Facebook Inc. Facebook has been copying some of Snapchat’s most popular ...

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