Mark Carney, the Bank of England governor, told Bloomberg Markets this week that predicting the pound would fall after a leave win in the Brexit referendum was “probably the easiest call” in the past 25 years of macroeconomics. Sadly for him, setting monetary policy ahead of Britain’s departure from the EU next March is proving much harder. The Bank is ...

Boring is a good look for Apple. The company that was once a seemingly impossible combination of rapid growth and eye-popping profits has settled into a new phase of life. It’s now clear that Apple Inc. won’t return to the iPhone-selling mania of a few years ago. Higher product prices and the regular introduction of new gadgets are patching over ...

For Jaguar Land Rover, the only way out of its deep pothole may be to get a tow from China. The luxury unit of Tata Motors Ltd posted dismal fiscal first-quarter results, recording an unexpected pretax loss of 264 million pounds ($346 million) after running into trouble in many of its main markets. JLR, usually the profit engine for Tata, ...

As earnings season is upon us, it’s worth asking: Does business create value these days the way it once did? One sign it doesn’t is a significant decline in the formation rate of US firms over the past few decades. Economists Peter Orszag and Jason Furman have argued that investment and innovation have taken a back seat to profits derived ...

Bloomberg Vietnam’s skies are about to get more crowded. With state-owned Vietnam Airlines JSC and budget carrier VietJet Aviation JSC serving one of the world’s busiest routes, property developer FLC Group JSC wants a piece of the action with a new airline, operating 37 routes in the country after its inaugural flight in October. Called Bamboo Airways, the new airline ...

Bloomberg Multiple people were injured after an emergency landing by Grupo Aeromexico SAB aircraft but no one died, a state official said, contradicting a report of eight fatalities. Many passengers left on foot from the scene of the accident in Durango, Mexico, said Israel Solano, a state civil protection official, in an interview with broadcaster TV Azteca. The Televisa network ...

Bloomberg Deutsche Lufthansa AG reassured investors that cost cuts and higher fares will help it reach full-year targets after disruption from storms and air traffic control strikes hurt second-quarter earnings. The shares rose the most in 21 months after Lufthansa reported profit that fell less than analysts had feared, despite a rising fuel bill and increased expenses from integrating parts ...

Bloomberg Hong Kong Airlines’ plans to sell almost a third of its stock has been held up after the sudden death of a top executive at HNA Group Co., one of the carrier’s biggest shareholders, according to a person familiar with the matter. The death of HNA co-Chairman Wang Jian from an accident in France in early July has halted ...

Bloomberg Fired Toys ‘R’ Us Inc. workers took their travails to Congress to press for changes in the way private equity deals are structured. Potential US presidential candidates Kirsten Gillibrand and Cory Booker, and Minority Leader Chuck Schumer were among Democratic senators who met with former staff members and workers’ rights groups. The ex-employees are asking for new leverage limits ...

BERBERA/ WAM The Khalifa bin Zayed Al Nahyan Foundation has concluded its third relief operation in Somalia’s Berbera region, distributing food aid packages to 10,000 families affected by the drought. According to a spokesperson from the organisation, the campaign was implemented in accordance with the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, with the support of ...