Bloomberg Alcoa Corp warned that surging costs around the globe have rendered as much as 20% of aluminum-production capacity unprofitable. Despite rising worldwide aluminum demand, Alcoa will be pinched by escalating costs for energy and raw materials, Chief Executive Roy Harvey said during a call with analysts. “Based on June’s average prices, we estimate that between 10% to 20% ...

Italy is back in crisis, unsurprisingly. The political cycle that started with a populist earthquake in 2018, bringing together fringe forces of the left and right in an unusual coalition, has ended the same way it started — with a bitter shock to the system and market turbulence over the future of Italy. Along the way, it has fuelled the ...

Last month, comedian John Oliver delivered a scathing episode on tech monopolies for his show “Last Week Tonight.” Between jokes, he laid out some key Big Tech antitrust concerns. Apple Inc controlling the App Store. Alphabet Inc’s Google favouring its own properties in search results. Amazon.com Inc reportedly using third-party seller data to create knock-off private label products. However, a ...