Bloomberg Uber’s sales are dramatically slowing even as the ride-hailing company is spending more to fuel global growth, particularly in its food delivery business. Revenue growth of 38 percent in the third quarter was almost half of what the growth rate was six months earlier, when the company was negotiating a $9.3 billion investment led by SoftBank Group Corp. That’s ...

Bloomberg European carmakers had another difficult month in October with car registrations slumping once more, putting to the test a fourth-quarter bounce-back forecast by Volkswagen AG and Daimler AG. Deliveries of new passenger cars slid 7.4 percent in the European Union and European Free Trade Association in October from a year earlier, compounding a 23 percent drop during September, according ...

Bloomberg The good times are coming to an end in the corporate debt market, and the turmoil in General Electric Co (GE) credit is a sign that things can get much worse. That’s what a growing chorus of money managers are saying. About half of the $5 trillion market for investment-grade bonds now resides in the lowest tier of ratings. Many ...

Bloomberg Theresa May rolled the dice with a dramatic reshuffle of her ministerial team as she battles to cling onto her job and stop her own party tearing up her Brexit deal. The prime minister reduced the power of her critics and promoted allies to key positions as she took personal charge of the final days of the UK’s divorce ...

Bloomberg WikiLeaks founder Julian Assange has been charged by federal prosecutors in Virginia in a move that suggests the US government is determined to pursue his extradition, according to an inadvertent filing in an unrelated court case. It’s unclear what Assange, who’s been living in the Ecuadorean Embassy in London since 2012, has been charged with. The existence of the ...

Bloomberg The Czech Republic’s billionaire prime minister rejected intensifying calls for him step down as he tries to save his hard-won coalition from collapsing amid public outcry over an investigation into whether he committed fraud. The fraud probe has imperiled the political career of Andrej Babis since his upstart ANO party defeated its traditional mainstream rivals in elections a year ...

Bloomberg Prime Minister Narendra Modi will make his first-ever visit to the Maldives for the swearing-in of its new president, signalling a shift in the island nation towards India and away from China. The visit — the first by an Indian head of state since 2011 — is expected to reset strained ties with the Maldives as Ibrahim Mohamed Solih, ...

Bloomberg German Chancellor Angela Merkel called for tolerance in a city that’s been a flashpoint of anti-immigrant unrest, laying down a political marker that may lead to conflict during the final phase of her chancellorship. As far-right protesters organised a “Merkel Must Go” march, the chancellor faced hostile questions on a visit to the eastern city of Chemnitz. Meanwhile, her ...

One of the assumptions that economists sometimes use to frame their models is to specify that some variables will be held constant, a concept that’s expressed with the Latin phrase ceteris paribus. We often make the same mistake in politics and foreign policy. We concentrate on our own domestic issues and assume that the rest of the world will remain ...

Whichever way you slice it, the draft Brexit deal unveiled by British Prime Minister Theresa May is no big win for financial services, despite being lauded as such in some quarters. If she gets it past parliament, still a huge if, the accompanying transition period – which may well be extended – will give banks and other finance firms more ...