Bloomberg UK Prime Minister Theresa May pledged a new right-to-buy program for social housing in an effort to boost home-building by local authorities and help alleviate a growing shortage of low-cost housing. Councils and housing associations will be offered government funding to build homes along with permitting help from the Homes and Communities Agency, the Conservatives said in a statement. ...

Bloomberg The world’s biggest container shipping company and Denmark’s largest issuer of corporate bonds may rely less on debt markets in the near future. A.P. Moller-Maersk A/S has ample liquidity and plans to cut capital expenditure, both of which reduce the need for new bond sales, according to Chief Financial Officer Jakob Stausholm. He also pointed to the century-old conglomerate’s ...

Bloomberg German economic growth accelerated to the fastest pace in a year last quarter, underpinning assessments by Mario Draghi and the European Commission that the region’s recovery is getting stronger. The 0.6 percent expansion, up from 0.4 percent in the previous three months, was helped by a surge in investment, a slight increase in consumer spending and a pickup in ...