Bloomberg Europe’s new-vehicle sales slumped for an 11th consecutive month as record inflation and falling consumer confidence joined prolonged supply-chain disruptions. Registrations fall 12.5% to 948,149 vehicles in May, the European Automobile Manufacturers’ Association said. Hardest-hit among major automakers was Volkswagen AG, which saw sales drop by more than 21% from the same month last year. After nearly a ...

  Bloomberg Canadian telecommunications company Telus Corp. said it will acquire digital-health provider LifeWorks Inc. for about $1.8 billion, expanding further into health services as it pursues a diversification strategy. Telus will pay C$33 for each LifeWorks share and is offering the option to take cash or stock or a mix of the two. It’s about an 80% premium to ...

  Bloomberg One of the architects of the European Union’s sweeping General Data Protection Regulation (GDPR) admitted the law needs a revamp to ensure its fit for purpose amid growing attacks on citizens’ privacy. Four years after it took effect, European Commission Vice President Vera Jourova said “targeted improvements” are now needed to the GDPR “in the age of tools ...