Bloomberg US Secretary of State Michael Pompeo praised Britain’s tougher stance on China as the transatlantic allies signalled they are planning more coordinated action against Beijing. Pompeo said he wants to build a “coalition” that understands the “threat” posed by China, after talks with UK Foreign Secretary Dominic Raab in London on Tuesday. At a press conference following their meeting, ...

Bloomberg The UK government borrowed over twice as much last quarter than it did in the whole of the previous fiscal year, amid the towering cost of supporting the economy through the coronavirus crisis. The budget deficit stood at 35.5 billion pounds ($45 billion) in June, taking borrowing in the first three months of the fiscal year to a record ...

Bloomberg EBay Inc. agreed to sell its online classifieds business to Norway’s Adevinta ASA for $9.2 billion, ending one of the largest auctions of the year. Under the deal, EBay will get $2.5 billion of cash and 540 million shares in the Norwegian firm, the companies said in a statement on Tuesday. Shares in Adevinta rose as much as 39%. ...