Bloomberg Central and eastern Europe has long been considered a relatively cheap manufacturing hub to make sophisticated products like cars and electronics goods at a fraction of what it would cost in the West. Accelerating salary growth may now be changing that perception. Average nominal wages rose 10.7 percent in Hungary in February from a year ago, the most ...

  Bloomberg Euro-area economic momentum accelerated to its fastest pace in six years, with France unexpectedly outperforming Germany in a strong start to the second quarter that suggests the recovery is broadening. France’s composite Purchasing Managers’ Index unexpectedly advanced to a six-year high of 57.4 in April, putting it above Germany’s for the first time since 2012, according IHS Markit ...

  Bloomberg Waymo says it’s uncovered new evidence that Uber Technologies Inc. took and copied its trade secrets and urged a judge to bar the head of the ride-hailing company’s driverless car program from continuing to work on the project. Alphabet Inc.’s Waymo made the request as a federal judge weighs whether to issue a court order that may impede ...