Bloomberg Gap Inc tempered the pace of its sales decline in the second quarter, outpacing analysts’ estimates by picking up e-commerce customers. Sales for the period, which ended on August 1, fell 18% from a year earlier to $3.3 billion, higher than analysts’ projection of $2.9 billion. The company, which owns the Old Navy and Banana Republic brands, increased comparable-store ...

Bloomberg When students at an elite university in Berlin charged the school with condoning racist attitudes, the administration had no formal procedures in place to deal with the spat. Even its diversity czar said it was out of her hands. The dispute at the Hertie School — one of Germany’s top training grounds for civil servants — was sparked by ...

Bloomberg US President Donald Trump offered praise for outgoing Japanese Prime Minister Shinzo Abe, and both leaders may speak by phone next week. Abe is arranging to talk with Trump on Monday, and plans to convey directly his plans to step down as prime minister as well as stress the importance of the US-Japan alliance under a new leader, Kyodo ...