Bloomberg Donald Trump’s legal team says Democrats mounted a “brazen” bid to overturn the 2016 election, echoing the president’s aggressive posture in the first formal White House response to impeachment proceedings in the US Senate. Two people close to the team previewed how Trump’s lawyers plan to mount his defense over the coming weeks, largely tracking public statements the president ...

Bloomberg The most up-to-date measure of the UK economy looks set to improve this week — yet it might not be sufficient to deter the Bank of England (BOE) from cutting interest rates. With policy makers signalling they’re considering a rate cut to preempt possible weakness in the months ahead, and recent data backing their case, IHS Markit’s monthly survey ...

Bloomberg Morgan Stanley just had its most profitable year on record. It wasn’t enough for its chief to land a raise. James Gorman’s compensation fell as the firm announced he will receive $27 million for 2019, according to a regulatory filing. That’s a 6.9% decline from the prior year and on par with the package the chief executive officer received ...

Bloomberg Barclays Plc Chief Executive Officer Jes Staley is pushing ahead with changes at the firm’s closely scrutinised investment bank, a key part of his strategy to drive growth. The British lender slashed about a hundred jobs globally at its securities unit this week, focusing on highly paid senior trading roles. The cull also included several senior members of an ...

Bloomberg China’s overall credit growth held up in December and a gauge of borrowing costs fell, signalling that policy makers are beginning to see some progress in channelling credit to the economy. The stock of outstanding aggregate financing expanded by 10.7% in the 12 months to December, the same pace as in November, the People’s Bank of China (PBOC) said. ...

Bloomberg If European Central Bank (ECB) officials use their review of monetary policy this year as a chance to connect with ordinary people, they need to be ready for some plain truths. At the heart of the assessment, likely to be announced on January 23, is how price stability should be defined and targeted. But ask citizens how they feel ...

Bloomberg In the country that’s had negative interest rates longer than anywhere else on Earth, economists are going through a bit of a rough patch. Since Denmark introduced subzero rates in mid-2012, citizens have struggled to get their heads around a world in which savers are punished, borrowers are rewarded and the basic laws of risk-return feel like ancient mythology. ...

Bloomberg Emmanuel Macron’s pre-Davos summit for tech executives will hold some goodies for start-ups. In the third edition of his “Choose France” summit, timed to catch global CEOs in Paris on their way to the Swiss Alps’ World Economic Forum, the French president will detail measures in his 2020 budget that have improved stock options for start-ups in France. Macron ...

Bloomberg Amazon.com Inc opened its first corporate office in the UK not to be based in the nation’s capital city, instead choosing the northern city of Manchester for a new site. The company said it’ll populate the six floors and 90,000 square feet it’s leased in the century-old Hanover Building with 600 new jobs “over time,” including software developers and ...

Bloomberg The mystery surrounding a $66 million painting deepened last month after it resurfaced in the walls of an Italian gallery nearly 23 years after it was reported stolen. Officials announced that the painting by Austrian symbolist artist Gustav Klimt, created between 1916-1917, is authentic. Gardeners at the Ricci Oddi Gallery of Modern Art in northern Italy’s Piacenza province discovered ...