Bloomberg Starting in early 2020, a very unlikely anomaly started appearing in global trade data: China said it was selling more goods to the US than the US reported buying from China. That was a reversal of the normal pattern and a product of the two nations’ trade war — but not an intended consequence. Instead, it was likely due ...

Bloomberg Italy’s Prime Minister Mario Draghi said that faster than expected growth will be key to cutting Italy’s debt burden, which has swelled during the pandemic as the government stepped in to support businesses. “Economic confidence is coming back,” Draghi said addressing lawmakers ahead of the June 24 and 25 European Union summit. “Data is pointing to a stronger than ...

Bloomberg American pharmaceutical distributor McKesson Corp. is exploring a sale of its European business, according to people familiar with the matter, in a move that would reverse its $8.3 billion purchase of Germany’s Celesio AG in 2014. Phoenix Group, Germany’s largest pharmaceutical wholesaler, which is owned by the billionaire Merckle family, is in talks to acquire the continental European business. ...