Bloomberg Chancellor Angela Merkel told lawmakers in her party bloc she senses a willingness to halt a feud over migration policy that’s tearing at the seams of Germany’s governing coalition. Merkel made the remark to a closed-door meeting in Berlin on Monday where her caucus leader, Volker Kauder, said he’s convinced a compromise will be found by the end of ...

Bloomberg Andres Manuel Lopez Obrador was elected as Mexico’s first left-wing president in recent times, riding a public revolt against rampant crime, corruption and poverty and handing a crushing defeat to the business-friendly parties who’ve run the country for decades. The peso dropped. The earliest figures announced by the electoral board gave Lopez Obrador 53 percent of the vote. Ricardo ...

Bloomberg This could be a deadly month for Theresa May. Unpopular at home and in Brussels, the British leader will try to restore order with a Cabinet lock-in at her country estate that’s been dubbed the body bag summit. May’s aim is to force a decision on how dramatic a split to seek from the European Union. Businesses want the ...

Bloomberg Bickering within Zimbabwe’s opposition alliance is weakening its chances of ousting the ruling party in this month’s elections, the southern African nation’s first since Robert Mugabe ended his 37-year rule in November. The High Court is hearing a case brought by Thokozani Khupe, former vice president of the main opposition group, the Movement for Democratic Change, that she and ...

Bloomberg US stocks were lower but regained some of their early losses, as investors assessed fears of increasing trade tensions around the world. The dollar climbed, roiling emerging markets, while oil retreated from its highest level since 2014 following President Donald Trump’s call for Saudi Arabia to increase production. The S&P 500 Index was down roughly 0.3 percent after falling ...

Bloomberg Bitcoin jumped on Monday, giving a positive jolt to a digital-coin market that had lost about half of its value since early May. The largest cryptocurrency climbed 7.3 percent to $6,328 from June 28, heading to its biggest one-day increase since April, according to composite prices compiled by Bloomberg in New York. The token’s largest peers — Ripple, Ethereum ...

Bloomberg Dell Technologies Inc, the world’s largest private technology company, announced plans to trade publicly again, entering a new stage of a multi-year turnaround plan. The tech giant will return to public markets by subsuming its tracking stock, DVMT, in a cash and share-swap deal, Round Rock, Texas-based Dell said in a filing on Monday. The shares, currently worth about ...

Bloomberg UK manufacturing growth held steady in June, providing some modestly good news at the end of the worst quarter for the sector since the end of 2016. IHS Markit’s Purchasing Managers Index for the industry stood at 54.4 in June, up from a revised 54.3 in May and beating economists’ estimates for a drop. The average reading for the ...

Bloomberg Eclipsed by Brexit headlines, the most puzzling economic problem facing Britain is back in the limelight. Abysmal productivity growth has plagued the UK for a decade, sapping its underlying strength and undermining wage growth. Countless explanations and solutions have been proffered, and now the debate is raging again after a proposal that fixing it be made one of the ...

Bloomberg Canadian auto parts maker Magna International Inc. has joined a chorus of automotive companies urging the US not to impose tariffs on their products. The proposed tariffs would negatively affect both the US and Canada, cut jobs, and raise prices for consumers, Magna, among the the largest automotive suppliers in the US, said in a letter to US Commerce ...