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Unite buys UK’s Liberty Living for $1.8b

Bloomberg Unite Group Plc agreed to buy fellow UK student-housing provider Liberty Living Group Plc for $1.8 billion in cash and shares. Unite is buying the assets from the Canada Pension Plan Investment Board, which will have a 20 percent stake in the group when the deal is completed in the third quarter, according to a company statement. Unite proposed ...

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Alcoa’s workers accept offer, ‘exhausted’ from 18-month dispute

Bloomberg An 18-month labour dispute at an aluminum smelter in Quebec controlled by Alcoa Corp ended after workers accepted a deal, defying the recommendation of their union’s leadership. About 80 percent of workers at the Becancour plant voted to ratify the offer after a meeting of the United Steelworkers in Trois-Rivieres, Quebec, the union said. Alcoa said it expects the ...

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Trump’s tariff barrage forces EU into a corner

Is there any method to Donald Trump’s madness on trade? Politicians and investors are all struggling to make sense of the US president’s tendency to stop, go, and reverse course in his dealings with China and Europe. Financial traders went to sleep basking in the glow of a trade truce with Beijing. They woke up to the news that the ...

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