Bloomberg An ambitious voter registration effort from Facebook has rankled President Donald Trump’s re-election campaign, which is complaining that the social network’s goal of registering 4 million voters in time for November’s election is an attempt to swing the election in favor of former Vice President Joe Biden. “With knowledge of every user’s political ideology, Facebook is officially in the ...

­­­Bloomberg Croatia and Bulgaria may join the euro area in January 2024, European Commissioner Valdis Dombrovskis said. The two European Union nations were admitted into the currency’s waiting room, known as the ERM-2, last week and must spend at least two years there working to fulfill the Maastricht criteria. They may be ready in 2023, but “the tradition is that ...

Bloomberg As European Union leaders haggle over their critical coronavirus recovery plan, they have an escalating problem in the east they can seemingly do little about. Poland’s presidential election at the weekend laid bare how divided the country is over its relationship with Brussels, with nationalist incumbent Andrzej Duda winning by 51% to 49% against a pro-EU opponent. While it ...

Bloomberg The UK economy expanded much slower than expected in May, underscoring the struggle to recover from the depth of the coronavirus slump. The expansion of 1.8% fell short of the 5.5% pace expected and still leaves the economy almost 20% smaller in the latest three months. While activity has since picked up as lockdown restrictions eased, the UK, along ...

Bloomberg Cellnex Telecom SA is considering bidding for a stake in CK Hutchison Holdings Ltd.’s European wireless tower business, according to people familiar with the matter, as it scouts for new acquisitions. Europe’s largest wireless tower operator is in early-stage discussions about acquiring a minority holding in the CK Hutchison portfolio, the people said, asking not to be identified as ...

Bloomberg Before the bankruptcies came the bonuses: $10 million at J.C. Penney Co., $25 million at Chesapeake Energy Corp., $1.5 million at Hertz Global Holdings Inc. That’s how much was promised to executives only weeks or in some cases days before bankruptcy. Of the 100 or so major companies that have filed since the coronavirus shutdown began, 19 of them ...

Bloomberg The European Union (EU) will recommend keeping its external borders shut to Americans and most other foreigners for at least two more weeks as fears grow of a second coronavirus wave, according to officials familiar with the matter. Member-government envoys in Brussels plan to urge no expansion of a list of 15 countries — Canada, Japan, South Korea and ...

Bloomberg Only one-quarter of business leaders say their organisations are fully ready for the end of the Brexit transition period, according to a survey by the Institute of Directors. Nearly half of the 978 company directors polled late last month said they weren’t able to prepare for a transition now, and one in seven said they were focused on the ...

Bloomberg Prime Minister Giuseppe Conte kept investors guessing over the fate of toll-road manager Autostrade per l’Italia SpA, ahead of a cabinet meeting due to consider the option of stripping away its highway concessions in a long confrontation with the Benetton family. A decision on the issue which has split the ruling coalition “must involve the entire government,” Conte told ...

Bloomberg China’s investors have waited five years for stock values to return to $10 trillion, a milestone that would seal the market’s recovery from its biggest crash in history. The good news is that it could happen as soon as this week, and even a slower pace of gains — which is favoured by Beijing — would do it. China’s ...