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Lamborghini review marks step in VW’s march to $220b

Bloomberg Volkswagen AG’s plan to review options for its Lamborghini supercar division marks a further step in Chief Executive Officer Herbert Diess’s campaign to transform the world’s biggest automaker and more than double its market value. The German manufacturer is weighing a potential sale or stock listing for the Italian brand, according to people familiar with the matter, as Diess ...

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Rogue pension advisers to face jail in Britain

Bloomberg British financial advisers and pension managers face jail and increased fines under proposed legislation announced during the Queen’s Speech to mark the new parliamentary term. Penalties for the most serious offenses will carry a maximum sentence of seven years and a $1.26 million fine, according to a briefing note that accompanied a speech read by the Queen to UK ...

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Boris Johnson’s Brexit pathway is full of holes

One word — “pathway” — is all it took to send the British pound rocketing against the US dollar. It had been a dire week in Brexit-land, with Boris Johnson’s do-or-die tactics failing to persuade the European Union (EU) to accept his new proposal on the Irish border. But suddenly came the surprising news that a meeting between the British ...

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