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‘Brexit deal should answer concerns over UK economy’

Bloomberg UK Chancellor of the Exchequer Rishi Sunak said the trade deal reached with the European Union (EU) should reassure people worried about the economic damage of Brexit and can be an “enormously unifying moment for our country.” London will continue discussions with Brussels over access and equivalence for financial services, the chancellor said after Prime Minister Boris Johnson said ...

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Facebook to shut Irish units at center of tax dispute, says Times

Bloomberg Facebook Inc. has moved to wind down several Irish holding companies that had allowed it to shift billions of dollars in profit to the country, where it was lightly taxed, the Times of London reported, citing company documents. The Irish companies were used to hold its intellectual property for international sales, and Facebook companies around the world would pay ...

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BMW aims to build 250,000 more e-cars through 2023

Bloomberg BMW plans to produce an additional quarter of a million electric cars in coming three years, according to the German automaker’s chief executive officer. CEO Oliver Zipse said in an interview with Augsburger Allgemeine newspaper. Electric vehicles will account for about a fifth of BMW’s sales by 2023, up from about 8% now, he added. Zipse said his “biggest ...

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