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Pound weakens amid signs of Brexit camp gaining ground

  Bloomberg The pound weakened amid signs that support for the campaign for Britain to leave the European Union had increased. Sterling fell against most of its major peers as Bookmaker William Hill Plc said 85 percent of all EU referendum bets taken over Monday’s public holiday in the U.K. were in favor of Britain exiting the bloc, and that ...

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VW emissions cheating hits profit at biggest brand

  Bloomberg Profit at Volkswagen AG’s namesake brand crumbled 86 percent in the first quarter, highlighting the challenge the carmaker faces in emerging from the nearly nine-month-old emissions cheating scandal. Operating profit at the VW nameplate dropped to 73 million euros ($81 million) from 514 million euros last year, Europe’s biggest carmaker said in a statement. That gave the marque ...

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Italian unemployment rate climbs back to highest since June

  Bloomberg Italy’s unemployment rate rose more than estimated in April amid weakening business and household expectations for recovery in the euro region’s third-biggest economy. Consumer prices on an annual basis fell for a fourth month in a row in May. The jobless rate rose to 11.7 percent from a revised 11.5 percent in March, national statistics agency Istat said ...

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