Bloomberg BT Group Plc, still reeling from an outlook for falling profits delivered last week, is counting on a slew of new consumer offerings to lift investor sentiment. The UK’s former phone monopoly is pulling the trigger on its unique ability to offer packages of mobile and landline services, two years after the 12.5 billion-pound ($16.9 billion) acquisition of mobile ...

Bloomberg The lumber market is red-hot, with futures rising to another record thanks to a confluence of import tariffs, transport bottlenecks and strong housing demand. The futures rose 1 percent to close at $619 per 1,000 board feet on the Chicago Board of Trade. They’ve surged 66 percent in the past 12 months, a bigger gain than any of the ...

Bloomberg Novartis AG’s top lawyer became the first executive to take the fall for the controversial $1.2 million in payments he helped arrange to Donald Trump’s attorney, as the drugmaker tries to contain the furor from last week’s revelation. Felix Ehrat, who along with former Chief Executive Officer Joe Jimenez signed the agreement with a consulting firm led by lawyer ...

Bloomberg Riskier US mortgages are creeping back into the bond market again. The loans in question are nowhere near the toxic mortgages that brought down the financial system last decade. But they’re being made to people with lower credit scores and with more debt relative to their income. And in separate transactions tied to rental homes, Wall Street banks are ...

Bloomberg North Korea threatened to walk away from its meeting with President Donald Trump next month if the US made a “one-sided demand” for the regime to surrender its nuclear weapons. Kim Kye Gwan, a vice foreign minister and a top North Korea disarmament negotiator, said the regime was disappointed by recent comments from the US on their goals for ...

Bloomberg The European Union must cope with the “capricious assertiveness” of President Donald Trump’s administration just as it has to deal with the rise of China and Russian aggression, EU President Donald Tusk said. “Looking at the latest decisions of President Trump, some could even think: ‘With friends like that, who needs enemies?”’ Tusk told reporters before a summit of ...

Bloomberg The US Treasury Department imposed sanctions on Iran’s central bank governor and another senior official in the bank for allegedly providing support for terrorist activities, drawing condemnation from Tehran. The latest escalation in tensions came as European officials gathered with Iran’s foreign minister in Brussels to find ways to salvage the 2015 Iranian nuclear deal following President Donald Trump’s ...

Bloomberg Malaysian politician Anwar Ibrahim is a free man just one week after his coalition’s shock election win and after more than three years in jail. Still, while it clears the way for him to return to politics, it’s unlikely he will take over as premier anytime soon. Anwar walked late morning from a hospital where he’d been receiving treatment, ...

Bloomberg Slovak President Andrej Kiska won’t seek a second term in next year’s election, removing a key pro-European voice in a country that is at the center of a region gripped by a rise of euroskeptic and anti-establishment sentiment. Kiska told a news conference that he would step aside, saying some of his decisions had divided society. His departure would ...

Bloomberg Unlike just about everyone else on Capitol Hill, the Republican and the Democrat who head the Senate Intelligence Committee have made a determined show of bipartisanship in their Russia probe. Soon that unity will be put to the test. From the start of the Senate committee’s probe in January 2017, Chairman Richard Burr and top Democrat Mark Warner sought ...