Stagnant wage growth for the global middle class has been cited for everything from the rise of Donald Trump, the UK vote to leave the European Union and the referendum that prompted the resignation of Italian Prime Minister Matteo Renzi. I’d like to add a business victim to the list: Switzerland’s luxury watch industry. The most basic Rolex Oyster …

  The outcome of the Italian referendum last week added to the political, economic and financial uncertainty facing Europe, the world’s largest economic region. Nonetheless, global equity markets shrugged off the turbulence even more quickly than they overcame the shock of the Brexit vote in June. As a result, US indexes have surged to new highs, adding to an impressive …

  Bloomberg Qatar Airways said it’s seeking to renegotiate a $7.8 billion order for Airbus Group SE narrow-body jets and could switch to bigger planes powered by alternative engines as part of a revised agreement. The Gulf carrier wants to keep the deal for 80 A320neos after refusing to take the first four aircraft because of glitches with their Pratt …