We have become so accustomed to bad economic news from Italy that few will have noticed how the euro zone’s third largest economy seems to be back on the march. That has helped some with job creation, but it also has significance for the future of the euro area: It’s undermining an article of faith among the euroskeptics, that the ...

Reuters Shares of Sudanese companies listed in the United Arab Emirates soared on Sunday after the United States said it was lifting sanctions on Sudan, while construction firm Drake & Scull led Dubai higher. In Abu Dhabi, Sudatel Telecom rose by its 15 percent daily limit to 0.69 dirham, its highest level since April, in heavy trade. A Dubai-listed Sudanese ...

Bloomberg There may be no respite for the pound after its worst weekly performance in a year. Sterling fell almost 3 percent last week, after a chaotic Conservative party conference cast the premiership of Theresa May in doubt. With political intrigue set to continue, the Brexit talks restarting and manufacturing data due, strategists anticipate another volatile week and investors in ...

Bloomberg A record number of initial public offerings in the Nordic region is benefiting some banks more than others. Among non-Nordic banks, no one’s doing better than Goldman Sachs Group Inc., according to data compiled by Bloomberg on firms advising on the region’s IPOs. Morgan Stanley tops the rankings, when all equity sales are taken into account. But when it ...

Bloomberg A Bank of England (BOE) note with a face value of 10 pounds ($13) has sold for more than 700-times that amount at auction as Britain’s obsession with collectible new note issues shows no sign of abating. The tenner, as the bills are known in the UK, has the serial number AA01 000010 and sold for 7,200 pounds — ...

Bloomberg Royal Bank of Scotland Group Plc (RBS) Chairman Howard Davies said details of a post-Brexit transitional deal with the European Union need to be outlined in the next five months to stop more financial-services jobs from leaving London. “If there are no details by the first quarter of next year, the number of moves of people out of London ...

Bloomberg Zimbabwe’s money shortage has seen card and mobile-money payments eclipse cash sales at the nation’s retailers, throttling suppliers’ stock of hard currency needed to put goods on shelves and forcing up food prices. Cash transactions have shrunk to about 2 percent of daily takings across the 33-store Spar Zimbabwe chain, from 60 percent a year ago, Managing Director Terence ...

Bloomberg Wells Fargo & Co. is wrapping up one of its worst years ever by passing a baton to Washington’s new favourite financial-industry villain: Equifax Inc. Executives from both companies will travel to Capitol Hill this week to testify in overlapping hearings about efforts to aid customers stung by lapses at their firms. Lawmakers on both sides of the aisle ...

Bloomberg Boeing Co. is buying drone pioneer Aurora Flight Sciences Corp., gaining a portfolio of futuristic technology such as unmanned air taxis that may someday navigate city skies for Uber Technologies Inc. With the acquisition, Boeing is betting that smarter airplanes will dominate flying, with computer algorithms and artificial intelligence playing an increasingly important role in the cockpit. Aurora is ...

Bloomberg The company once known as the Netflix of snacks looks a bit more like Blockbuster video these days—but not in a bad way. Graze, which started selling snack boxes via online subscriptions in the UK a few years back, is for the first time generating a majority of its sales through physical stores—a reminder that food is still almost ...