Bloomberg Japan’s unusually long and cool rainy season dampened demand for apparel, furniture and other goods, with some retailers already reporting steep drops in merchandise sales. Shimamura Co, a chain of affordable clothing shops, reported that same-store sales through July 20 fell 18 percent from a year earlier. Many of Shimamura’s customers reach the company’s 1,433 locations in Japan via ...

Bloomberg Deutsche Telekom AG is the closest it’s ever been to securing the US wireless mega-merger that Chief Executive Officer Tim Hoettges has attempted to clinch three times. The German phone company rose the most in almost 10 months on Monday after clearing a major hurdle for the $26.5 billion takeover of Sprint Corp by its T-Mobile US Inc unit ...

Bloomberg Neither the European Union nor Britain is ready for a no-deal Brexit on October 31, according to a study of contingency plans by the UK’s biggest business lobby group. “There are no areas of relevance to the economy where the UK, EU and the business community are all prepared well enough for no deal,” the Confederation of British Industry ...