Last week, the UK’s opposition Labour Party broke its three-month silence over Brexit to accuse the government of hiding evidence by not publishing an economic impact assessment. Shadow Cabinet Office minister Rachel Reeves cited Office for Budget Responsibility estimates that leaving the European Union has reduced Britain’s gross domestic product by 0.5% in the first quarter of 2021 and will ...

In China, it’s good to be rich, but not too rich. Getting to the top of the billionaire rankings carries great risks. Just take a look at those who were once first among plutocrats. All got into trouble with Beijing — be they real estate developers or big tech bosses. Wang Jianlin, founder of commercial real estate Dalian Wanda Group ...

A disturbing sight has returned to the Northern Ireland cities of Belfast and Derry, reminding mainland Brits of the three decades from 1969 when riots and bouts of terrorism marked the sectarian strife of “the Troubles.” Almost every night since March 30, cars and coaches have been set alight, and youths — directed by loyalist paramilitary godfathers-turned-gangsters — have hurled ...

Janet Yellen has a potent message for the world and for folks at home weary of US commitments abroad: America isn’t done as a global force, if only because it’s primarily to the country’s own advantage. Whether the rest of the world is buying what she has to sell is a different question. While many foreign officials welcome the jolts ...

Bloomberg Asia’s top ride-hailing startups are pushing ahead with listing plans, as they seek to take advantage of a boom in equity offerings to fund expansion in everything from food delivery to autonomous driving. Beijing-based Didi Chuxing has filed confidentially with the US Securities and Exchange Commission for an initial public offering that could raise several billion dollars, according to ...

Bloomberg Dunzo Digital Private Ltd, a delivery startup backed by Google and operating in eight Indian cities, aims to double the amount of capital it has raised so far to extend its reach across the country and become a $1 billion revenue business in the next two years. The app, which connects low-cost couriers to thousands of individual merchants, has ...

Bloomberg The Indian economy’s recovery is likely to be shaped like a K rather than a V, as rising inequality is poised to hit consumption and growth prospects, the country’s former central bank governor said. “An important consequence of the pandemic has been the sharpening of inequalities,” Duvvuri Subbarao said. “Growing inequalities are not just a moral issue. They can ...

Bloomberg Toshiba Corp’s Chief Executive Officer Nobuaki Kurumatani has seen a sharp drop in support from executives and other employees in internal surveys, according to people familiar with the matter. Employees who have confidence in the CEO fell to less than 60% in an internal January poll, down from more than 90% last year, said the people who asked not ...

Bloomberg A fresh round of provincial lockdowns to curb the record rise in virus infections is leading to job losses in India, according to the latest employment data by a private research firm. Unemployment touched 8.6% for the week ending April 11, from 6.7% two weeks ago, showed the data by Centre for Monitoring Indian Economy Pvt Ltd. The hit ...

Bloomberg Countries across the Asia Pacific are demurring on AstraZeneca Plc’s Covid-19 vaccine, or restricting its use, in a move that may delay protection for the region amid concerns that the shot could trigger a rare and potentially deadly blood clotting condition. After guiding against the vaccine’s use in people under 50 and saying that it didn’t expect shipments from ...