Bloomberg The European Union may consider the UK Labour Party’s idea of the country remaining in a customs union after Brexit acceptable—but it would come with conditions attached. The opposition party’s plan, set out by leader Jeremy Corbyn in a speech on Monday, heaps pressure on Prime Minister Theresa May who has ruled out such a move and whose Brexit ...

Bloomberg Carillion Plc’s former finance director sold shares in the UK construction company worth about $1.1 million months before it imploded, according to parliamentary committees. Richard Adam cashed in shares for 534,000 pounds in March 2017, less than three months after he retired, and then sold long-term incentive awards in May 2017 on the day they vested for 242,000 pounds, ...

Bloomberg As WeWork Cos. has grown to 200 buildings across the globe, the company said its increased size is helping cut costs for everyday needs like glass, wood flooring, aluminum and light fixtures. Early signs of financial improvement are encouraging for a co-working business that critics say is overvalued and spends with abandon. The New York-based startup generated about $900 ...

Bloomberg The US Supreme Court rejected a Trump administration appeal aimed at ending deportation protections for young undocumented immigrants, steering clear for now of the debate over the fate of hundreds of thousands of people. The justices, without published dissent, turned away the administration’s appeal of a ruling that has kept the Obama-era program in place. The rejection buys time ...

Bloomberg President Donald Trump said it may be “very, very unfortunate” for the world if US sanctions fail to stop North Korea’s nuclear weapons program, as he imposed the largest US penalties package yet against the rogue regime. “Phase 2 might be a very rough thing,” if the sanctions don’t succeed, Trump added at a joint press conference with Australian ...

Bloomberg Angela Merkel nominated an up-and-coming conservative to a post in Germany’s new cabinet, part of a bid to reassert control of the party by placating critics while still maintaining her centrist approach to policy. Jens Spahn, the 37-year-old flag bearer for the party’s right wing, will become health minister if Merkel succeeds in securing her fourth term. His appointment ...

Bloomberg Security forces in the Democratic Republic of Congo killed at least two protesters and injured 47 others partici- pating in anti-government marches around the country, the UN said. A group of Catholic activists, the Lay Coordination Committee, organized the protest against President Joseph Kabila’s continuing rule of the central African nation. It was the third rally they’ve organized since ...

Bloomberg China’s Communist Party is set to repeal presidential term limits in a move that would allow Xi Jinping to rule beyond 2023, completing the country’s departure from a political system based on collective leadership. The party’s Central Committee announced it was seeking to end a constitutional provision that bars the head of state from serving more than two consecutive ...

A recent report by Goldman Sachs’ global research team highlights a new study showing that large, dominant superstar companies are paying lower wages and earning higher profits. I’ve flagged that research myself, but when Goldman says it’s worried, you know things have really gotten serious. American industry is increasingly dominated by a shrinking handful of giant companies. Why is Goldman ...

Prime Minister Narendra Modi’s ambitions to turn his country into a powerhouse of high-tech manufacturing via the ‘Make In India’ campaign just received one hell of a boost. Toyota Motor Corp.’s Lexus is considering assembling its ES brand in the nation to take advantage of lower import tariffs on auto parts, the Asahi newspaper reported, citing an unidentified official. To ...