Bloomberg Whoever wins the very public scrap for control of Italy’s Banca Carige SpA, they won’t have much time to enjoy the victory. A new board proposed by top investor Vittorio Malacalza or one supporting current Chief Executive Officer Paolo Fiorentino will take leadership of a lender that has only weeks to satisfy urgent European Central Bank demands that it ...

Bloomberg The White House has drafted an executive order for President Donald Trump’s signature that would instruct federal antitrust and law enforcement agencies to open investigations into the business practices of Alphabet Inc.’s Google, Facebook Inc. and other social media companies. The order is in its preliminary stages and hasn’t yet been run past other government agencies, according to a ...

Bloomberg Apple Inc. is making contingency plans in case construction of its new London headquarters at the iconic Battersea Power Station is delayed, the Times newspaper reported. The iPhone maker has had early-stage talks about extending existing leases and finding temporary bases if needed, the paper said, citing people in the property market that it didn’t identify. The project’s Malaysian-backed ...

Bloomberg Uber Technologies Inc. is in early talks to buy food-delivery company Deliveroo for several billion dollars, according to people familiar with the plans. A bid for London-based Deliveroo, last valued at more than $2 billion, would mark a major attempt by Uber to dominate the food-delivery business in Europe. An acquisition price is unknown. Any offer would need to ...

Bloomberg Arnold Kamler has experienced the trade dispute between President Donald Trump and China first hand, and is trying to respond as quickly as possible. His company, Kent International Inc., assembles about 400,0 00 bikes annually at its factory in Manning, South Carolina. But this is no shield from the latest round of tariffs, since — in an effort to ...

As the US-China trade war escalates, with both parties imposing higher tariffs on the other, US Commerce Secretary Wilbur Ross tried to defuse some of the tension. Because America’s 10 percent tariff on some $200 billion worth of Chinese imports is “spread across thousands and thousands of products,” he noted, “nobody is going to actually notice it at the end ...

The ongoing fight for talent in the retail industry appears to be kicking into higher gear. Bloomberg News’s Matthew Boyle wrote that Walmart Inc. has surveyed workers about whether perks such as child-care services or gym memberships would be “meaningful” to new hires. It’s just the latest example of a growing focus on the workforce. J.C. Penney Co. is reportedly ...

With the European Union summit in Salzburg this week viewed in the UK as a failure for Theresa May’s Brexit plan, the UK prime minister felt the need to issue a clarifying statement. In it, May did what she always does in negotiations: She doubled down. It was a statement for two different audiences. Her message to Europe was simple: ...

There’s a new breed of spender in charge of China’s wallets, and it’s not crazy rich Asians. The rise of Pinduoduo Inc. and the decline of JD.com Inc. are good proxies for this shift. Founded three years ago, the e-commerce site Pinduoduo processed 262 billion yuan of transactions in the second quarter, just 40 percent shy of JD’s gross merchandise ...

In the 19th and 20th centuries, a few countries got fabulously rich. These included most of Europe, parts of East Asia, some small oil producing states and parts of the former British Empire. In recent decades, more of the world — large parts of China, portions of India, Southeast Asia and part of Latin America — have joined the rich ...