Bloomberg Watches of Switzerland Group, the UK’s biggest seller of luxury timepieces, said it’s considering an initial public offering in London that could help fuel expansion into the US market. The move would allow private-equity company Apollo Global Management to reduce its stake in the retailer, which handles about half of Rolex’s UK sales. It also could give impetus to ...

Bloomberg Sinclair Broadcast Group Inc. will buy 21 Fox regional sports networks from Walt Disney Co. for $9.6 billion, a bet that the local-TV company can become a cable-sports powerhouse. Sinclair will acquire the business via a new subsidiary called Diamond Sports Group, the company said. Byron Allen, the former comedian who founded Entertainment Studios and owns the Weather Channel, ...

Bloomberg Homebuyers took advantage of Brexit uncertainty to get steep discounts in London’s fanciest neighborhoods in the first quarter. Prices for homes under 2 million pounds ($2.6 million) in the capital’s most sought-after districts fell the most in a decade in the three months through March as politicians failed to agree on a deal for the UK’s orderly withdrawal from ...

Bloomberg Odds that Latin America’s largest economy contracted in the first quarter increased after March industrial production fell by more than double analysts’ expectations. Brazil’s output tumbled 1.3 percent in March, its worst reading in six months, the national statistics bureau reported. In the 12 months through March, industrial production contracted for the first time since 2017. The Brazilian economy ...

Bloomberg British people need to fly less, drive electric cars, eat little meat and turn their home thermostats down to 19 degrees Celsius (66 Fahrenheit) in order to rein in greenhouse gases damaging the planet. Those are the recommendations from the government’s official adviser on climate change and sketch out the toughest measures anywhere in the industrial world to rein ...

There are times when it seems we’re worrying about things that aren’t worth worrying about. A good example these days is inflation. Amazingly, the complaint is that it’s not rising fast enough. In March, the consumer price index, or CPI, had increased 1.9% over the past year. The gain of another inflation indicator, the “deflator” of the personal consumption expenditures, ...

Google founders Larry Page and Sergey Brin are still among the richest people in the world, but they are worth a lot less this week than they were last. The decline in their fortunes, and that of Google parent company Alphabet Inc. after a disappointing earnings report, should sound a note of caution — not just to investors, but to ...

It was only a few years ago that the term OLED elicited excitement among consumers and investors. Organic light-emitting diodes were the hippest new display technology because they offered better screen quality while using less power. Smartphone makers were keen to preach the technology’s virtues in order to juice sales. When Apple Inc. finally joined the party in 2017, it ...

Anyone who still thinks Australia’s economy is an all-conquering model of perfection is likely to get a wake-up call soon. A 28-year run of expansion has had people abroad fawning over life Down Under — Federal Reserve Chairman Jerome Powell among them. For all the superlatives, though, the local central bank considers everything far from rosy. Reserve Bank of Australia ...

China’s second Belt and Road Forum, convened by President Xi Jinping in Beijing last week, looked less like an imperial celebration than a summit meeting. Xi’s tone had also become less triumphant. Instead, he spoke about a commitment to zero corruption. He promised to make the environment a central concern for any infrastructure projects included in his globe-spanning Belt and ...