Bloomberg Goldman Sachs Group Inc. is poised to receive $180 million in fees for managing Toshiba Corp.’s emergency share sale, according to a person with knowledge of the matter. The US firm is arranging the 600 billion yen private placement of new shares for loss-making Toshiba, which faces a March deadline from Tokyo’s exchange to reverse its negative equity or ...

Bloomberg The appointment of Dara Khosrowshahi as head of Uber Technologies Inc. this summer was supposed to mark the beginning of a new chapter. The company had been racing from one disaster to the next, leading to boycotts, lawsuits, criminal probes, an executive exodus and an investor-led mutiny against the co-founder. Somehow, the new chief executive officer keeps finding more ...

Bloomberg As UK consumers start to suffer from Brexit jitters, British retailers have extended the Black Friday discounts they borrowed from America over as much as two weeks to lure wary shoppers online and in stores. They need a push. The slide in the pound after the UK’s vote to leave the European Union has driven up the cost of ...

Bloomberg The UK regulator in charge of data privacy is looking into the major hack of Uber Technologies Inc.’s user data, opening up yet another front in the ride-hailing firm’s battle to manage one of its most successful markets. “Uber’s announcement about a concealed data breach last October raises huge concerns around its data protection policies and ethics,” James Dipple-Johnstone, ...

Bloomberg Pressure is mounting on Germany’s Social Democrats to join Chancellor Angela Merkel in a revived alliance and end the impasse threatening political stability in Europe’s largest economy. While Merkel has publicly stated she’s open to another election, her backers are betting that the SPD will abandon its aversion to a rerun of the “grand coalition,” according to people familiar ...

Bloomberg US President Donald Trump’s designation of North Korea as a state sponsor of terrorism is a severe provocation that reminds the country it should keep hold of its “precious nuclear sword,” the nation’s foreign ministry said through its official Korean Central News Agency. In the Korean language statement on Wednesday, Pyongyang said it opposed any form of support for ...

Bloomberg At least 50 people were killed in a suicide blast in a northeastern Nigerian town, the deadliest mosque bombing in three years by suspected Boko Haram militants. The teenage male assailant entered a mosque in the town of Mubi strapped with improvised explosives and detonated them as people gathered at dawn for prayers, Adam-awa state police spokesman Othman Abubakar ...

Bloomberg The Congress of South African Trade Unions is seeking to alter the balance of power in its alliance with the ruling African National Congress and wants the party to change its constitution to limit the president’s power to reshuffle the nation’s cabinet. “The ANC constitution must be amended to tell the president of the ANC what he can do,” ...

Bloomberg Zimbabwe is turning its weary eyes to Emmerson Mnangagwa, the man known as the crocodile who was Robert Mugabe’s right-hand man for much of his 37-year rule. The former spy chief, who’s due to be inaugurated as interim president, has signalled he’d move to woo investors from Asia and the west to help rebuild a shattered economy. But he ...

Chinese President Xi Jinping recently laid out a bold vision for transforming his country into a fully developed economy by 2050, with a particular emphasis on spurring innovation and technology. Given China’s current level of human capital — and some looming changes in the world economy — that may be harder than he expects. A widely held view in the ...