Bloomberg UK companies are at “breaking point” over the lack of clarity on Brexit, and are slowing down their investments as they await answers to key questions surrounding Britain’s departure from the European Union, one of the country’s main business lobby groups said. Business confidence and investment intentions will continue to deteriorate until Prime Minister Theresa May ends the bickering ...

Bloomberg Glencore Plc tumbled the most in two years after US authorities demanded documents relating to possible corruption and money laundering. The world’s biggest commodity trader said on Tuesday that it’s been subpoenaed by the US Department of Justice to hand over documents related to the Foreign Corrupt Practices Act and US money laundering statutes. The documents relate to the ...

Bloomberg Interpublic Group of Cos, one of the world’s largest advertising companies, agreed to acquire Acxiom Corp.’s mark- eting-services unit for $2.3 billion, gaining tools to help clients sift through data to reach potential customers. Acxiom expects to receive $1.7 billion in net proceeds, according to a statement. The company plans to repay debt, buy back stock and reinvest in ...

Bloomberg Allianz SE plans to buy back as much as 1 billion euros ($1.16 billion) of its shares amid an abundance of capital and returns crimped by low interest rates. Europe’s biggest insurer will buy back as much as 41.5 million shares July 4 to Sept. 30 and cancel all repurchased shares, the company said in a statement. The buyback ...

Bloomberg Apple and Facebook have figured out how to keep us glued to their devices and platforms. But they haven’t figured out how to curb the misinformation that plagued them during the 2016 election and have struggled to regain public trust. And now, in the run-up to the 2018 midterms, they certainly don’t agree on a solution. Last week, Apple ...

Bloomberg Less than two months after losing power in a shocking election defeat, former Malaysian leader Najib Razak is now facing a legal battle against charges that could see him facing jail. Authorities arrested Najib in connection with an investigation into the disappearance of billions of dollars from state fund 1MDB, according to the task force investigating the case. He ...

Bloomberg Tensions over Poland’s judicial revamp grew a day after a warning shot from the EU. Supreme Court head Malgorzata Gersdorf said that she won’t be forced to retire under the overhaul, which would replace two-fifths of judges unless they get special permission from President Andrzej Duda. Gersdorf was expected to meet Duda at 4 pm in the capital, with ...

Bloomberg German Chancellor Angela Merkel halted the immediate threat of a government breakup in Europe’s biggest economy, crafting a plan to tighten migration and keep her Bavarian sister party in the fold. The euro and stocks rose after Merkel and Interior Minister Horst Seehofer, her antagonist who had threatened to resign, ended their two-week standoff. The compromise — which Merkel ...

Bloomberg Theresa May is holding one-to-one talks with cabinet ministers in an attempt to win their support for her Brexit plan after surprising them with a new proposal for a customs deal with the EU, people familiar with the matter said. May’s efforts to unite her top team come ahead of a crucial meeting of her cabinet at her country ...

Bloomberg With Brazil’s politics in meltdown, a softly-spoken, mixed-race woman from a remote Amazonian province believes she can lead Latin America’s largest economy after two failed presidential bids. Marina Silva, a former environment minister born into a poor rubber-tapping family, argues that after years of high unemployment, grinding recession and corruption scandals, Brazilians are hungry for change in the country’s ...