Bloomberg Using code rather than concrete, European companies are busy building walls to protect their data, and are being encouraged by local politicians concerned about threats to their sovereignty. France’s biggest supplier of drinking water is one example. Before switching to Google’s cloud-based office software, Veolia Environnement SA first hired cybersecurity company Atos SE to handle the encryption of its ...

Bloomberg Blackstone Group LP is set to close on more than $12 billion for its debut infrastructure fund, anchored by money from the kingdom of Saudi Arabia, according to people with knowledge of the matter. That figure is expected to be finalised in the coming weeks, said the people, who asked not to be identified because the information isn’t public. ...

Bloomberg Europe’s steel industry faces a “tsunami of problems” if a relaxation of import restrictions goes ahead as planned next week, according to steelmakers including top producer ArcelorMittal. From July 1, steelmakers from outside European Union will see tariff-free quotas increase by 5 percent, raising the risk of more supplies into the bloc. While the industry remains optimistic, the-re are ...