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UK economy picks up steam as hiring begins with lockdown end

Bloomberg The UK economy is building momentum, with real-time indicators suggesting consumers have started to splurge some of the cash they’ve saved now that the government has loosened lockdown rules. Restaurant bookings and job postings surged to the highest since the start of the coronavirus pandemic, while road traffic and the number of people traveling to workplaces grew in recent ...

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Swiss billionaire Wyss to drop out of Tribune bid

Bloomberg Swiss billionaire Hansjoerg Wyss will drop out of a group that was bidding for Tribune Publishing Co., according to people familiar with the situation, dealing a setback to a $681 million takeover attempt. Wyss had teamed up with Choice Hotels International Inc. Chairman Stewart Bainum Jr. on the $18.50-a-share offer, which topped a rival bid from hedge fund Alden ...

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Sweden eyes record $104b transport spending plan

Bloomberg Sweden’s government wants to spend $104 billion on building and maintaining highways and railroads over the coming 12 years as part of the Nordic nation’s plan to achieve carbon neutrality by 2045. The proposal adds 176.5 billion kronor to previous vision, making it the country’s biggest ever framework plan for such spending, Infrastructure Minister Tomas Eneroth told journalists. It ...

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