Bloomberg Pressure is building on UK PM Theresa May to ditch her Brexit plan or face a catastrophic defeat in Parliament. Britain and the European Union have been edging towards an agreement after 16 months of talks, with the aim of getting a deal wrapped up at a summit in November. But as domestic opposition builds, momentum seems to be ...

Bloomberg Sri Lanka’s ousted prime minister Ranil Wickremesinghe is mounting a legal challenge against President Maithripala Sirisena’s decision to dissolve the island nation’s parliament and call a snap general election. On Monday, the deposed prime minister’s United National Party and the opposition Tamil National Alliance filed formal petitions with the Supreme Court challenging the dissolution of parliament, according to party ...

Bloomberg Europe’s fault lines were on full display at the weekend as France and Germany made a show of unity at a World War I commemoration in Paris and Poland’s leaders marched through Warsaw with far-right groups. Police estimated more than 200,000 people converged on the Polish capital on Sunday to mark the centenary of the country’s hard-fought independence in ...

What would the ghosts of 1918 — not just the soldiers who were slaughtered in the trenches of World War I, but the statesmen who failed to make a durable peace afterward — tell politicians a century later about the perilous world we inhabit today? Ruminations about past and present are inescapable this week. America just finished a snarling, bitterly ...

The $3.2 billion acquisition of Finisar Corp. by II-VI Inc. (pronounced “two-six”) is really about one thing: how much it costs Apple Inc. to build iPhones with Face ID. After the first whispers emerged in 2016 that Apple was considering facial recognition technology for the iPhone, the stocks of 3-D sensor makers surged inside a few months. The story over ...

Not long ago, it was difficult for payments processors to avoid being taken over. Worldpay was sold by Royal Bank of Scotland Plc in the crisis, taken public and bought again in eight years. Nordic payments group Nets went from being owned by a group of banks to private equity ownership, to public markets, before going back into private equity ...

What could the European Central Bank (ECB) realistically do to help Italy, even if it were so minded? Not much, is the depressing answer – in specific new aid anyway. That’s unless Italy ends up getting itself in such a mess that it’s forced to hand over financial control and enter into another ECB bailout program. We’re nowhere near that ...

Bloomberg US stock futures turned lower and shares dropped in Europe and most of Asia on Monday as investors struggled to drum up any optimism after a roller coaster few weeks. The dollar rose, oil halted a 10-day sell-off and the pound slid as the UK’s premier fought to save her Brexit divorce plan. Futures on S&P 500, Dow and ...

Bloomberg Indian equities dropped, reversing earlier gains, as a plan by major oil producers to cut supply to boost the fuel’s price weighed on sentiment. The benchmark S&P BSE Sensex Index dropped 0.7 percent to 34,919.97 in Mumbai, after capping its first consecutive weekly gains in two months. Twenty-five of the 31 Sensex members fell on Monday, paced by a ...

Bloomberg SoftBank Group Corp. founder Masayoshi Son is seeking to raise 2.4 trillion yen ($21.1 billion) in an initial public offering of his Japanese telecom business that could be the country’s largest IPO yet. The Japanese technology giant said in a prospectus it will sell 1.6 billion shares at 1,500 yen apiece in a new entity, SoftBank Corp., that will ...