Bloomberg Britain recorded its smallest budget deficit for any December in 17 years as value-added tax receipts reached a record and the Treasury received a bumper credit from the European Union. Net borrowing narrowed to 2.6 billion pounds ($3.6 billion), well below the median forecast of economists, from 5.1 billion pounds a year earlier, figures showed. It left the shortfall ...

Bloomberg German investor confidence rose to an eight-month high in January, setting an optimistic tone for Europe’s largest economy in 2018. The ZEW Center for European Economic Research in Mannheim said that its index of investor expectations increased to 20.4 from 17.4 in December. Economists in a Bloomberg survey predicted a gain to 17.7. Germany’s economy has been enjoying a ...

Bloomberg Netflix Inc. surged in late trading after a blow-out quarter, vaulting past $100 billion in market value for the first time to put the video service on a lofty perch with the likes of Goldman Sachs Group Inc. and Qualcomm Inc. The world’s largest online TV network reported its strongest year of subscriber growth to date. Netflix added 24 ...