Bloomberg Wirecard AG’s former chief executive officer was arrested by Munich prosecutors after $2.1 billion went missing from the digital-payment company, in a scandal that has rattled Germany’s financial industry. Markus Braun, who resigned last week, was arrested in Munich as part of a probe into the company’s accounting practices, prosecutors said. The company is fighting for survival after acknowledging ...

Bloomberg The French economy’s revival from the coronavirus lockdown appears stronger than anticipated, with a measure of private-sector activity showing growth for the first time in four months. IHS Markit’s Purchasing Managers Index jumped to 51.3 in June from 32.1 in May, beating economists’ expectations for 46.8. The individual gauges for both manufacturing and services also climbed above the 50 ...

Bloomberg The UK economy started to bounce back from the coronavirus this month as an early indicator of activity jumped. IHS Markit’s composite Purchasing Managers Index climbed to 47.6 from 30 in May. While that’s still below the critical 50 mark that separates expansion from contraction, the size of the monthly gain was the biggest since the survey began in ...