Bloomberg YouTube is hitting the pause button on its Hollywood expansion. As Netflix Inc. and Amazon.com Inc. pour ever-larger sums into TV and movie production, Google is holding spending at current levels for its YouTube Red streaming service for the next two years, people with knowledge of the matter said. That’s leading producers to question the company’s strategy. Google often ...

Bloomberg As the newest cooperator for Special Counsel Robert Mueller, Rick Gates gives prosecutors a powerful weapon in pursuing former Trump campaign chairman Paul Manafort and possible election collusion with Russia. Gates, who pleaded guilty in Washington, was Manafort’s right-hand man and worked with him for a decade in his political consulting firm lobbying on behalf of Ukraine before joining ...

Bloomberg President Donald Trump said it may be “very, very unfortunate” for the world if US sanctions fail to stop North Korea’s nuclear weapons program, as he imposed the largest US penalties package yet against the rogue regime. “Phase 2 might be a very rough thing,” if the sanctions don’t succeed, Trump added at a joint press conference with Australian ...

WASHINGTON / Reuters The United States said it will open its embassy to Israel in Jerusalem in May, a move from Tel Aviv that reverses decades of US policy and is bound to trouble US allies who have already objected. US President Donald Trump announced last December that the United States recognised Jerusalem as Israel’s capital, infuriating even Washington’s Arab ...

Bloomberg German Chancellor Angela Merkel came to Brussels armed with a fresh demand that eastern European Union countries accept refugees and ended up sparking criticism from western allies in the bloc. At her first EU summit since striking a German coalition agreement, Merkel touted the idea of tying generous European regional-development aid for nations such as Poland to their willingness ...

WASHINGTON / Reuters Pakistan need not kill or capture militants such as members of the Haqqani network that use its territory to launch attacks in Afghanistan but could push them across the border instead, a senior US official said. Evicting the militants would put them at risk of attack from Afghan and US forces trying to keep Afghanistan from becoming ...

Here’s today’s quiz: What poses the greatest threat to America’s economy? (a) federal budget deficits; (b) China; (c) trade deficits; (d) ineffective schools; (e) the internet; (f) none of the above. The correct answer is (e), the internet — the technological wonder of the age. True, all the other threats are real. Runaway budget deficits could raise interest rates. China ...

Uber Technologies Inc. flushed $4.5 billion down the drain last year as it spent heavily on expansion and battled the missteps of founder Travis Kalanick. Oddly, a British plumbing firm may give it a sense of whether it can plug some unwanted future outflows. Pimlico Plumbers Ltd., whose vans are ubiquitous in west London, is a fellow traveller of Uber ...

What’s long been one of the most attractive markets for insurers in Asia is turning ugly. Malaysia will require overseas insurance firms to jettison at least 30 percent of their domestic businesses via strategic stake sales or local initial public offerings by the end of June in order to comply with new foreign ownership rules. Companies from AIA Group Ltd. ...

Once upon a time, President Donald Trump vowed to “do a very major haircut” on the Dodd-Frank Act. After a lengthy review, his officials have apparently concluded that the 2010 law’s approach to the failures of large banks was about right. In some ways, this reversal is a pity. The 2008 crisis showed how dangerous it can be to let ...