Bloomberg Fiat Chrysler diesel vehicles spewed pollution as much as 20 times the legal limit, according to testing by the same researchers who first recorded the excess emissions in Volkswagen AG’s diesel cheating scandal. The results shed new light on the US Justice Department’s allegations in a civil lawsuit last month that Fiat Chrysler Automobiles NV has used illegal “defeat ...

Bloomberg The squeeze on UK households intensified in the three months through April as wage growth lagged further behind inflation. Average earnings rose 1.7 percent, the slowest annual pace for more than two years, the Office for National Statistics said on Wednesday. But they fell 0.6 percent after inflation is taken into account, the largest drop since August 2014. In ...

Bloomberg Shaw Communications Inc. sold its ViaWest data service business to Peak 10 Holding Corp. for C$2.3 billion ($1.7 billion), three years after the Canadian telecommunications company bought it for C$1.3 billion. ViaWest and Peak 10 combined will be North America’s largest privately held data center company, Shaw said in a statement. The deal frees up cash for Shaw to ...

Bloomberg The former chief executive officer of Noble Group Ltd. has filed a lawsuit against founder Richard Elman claiming that he’s owed stock in the embattled commodity trader. Yusuf Alireza, who left the company in May 2016, filed the suit against Elman in the High Court of Hong Kong alleging contract breaches, according to a writ of summons. Alireza seeks ...

After being surprised by broad-based protests in late March, the Russian authorities were ready to prevent a repeat on Monday. Police detained hundreds across the country as well as opposition leader Alexei Navalny. The protests themselves were thinner, too — planning to be arrested, which is likely, is not for everyone — but thousands still turned out. As I watched ...

Clashes between central banks and governments happen the world over. India is no different, yet the recent friction between the Reserve Bank of India (RBI) and Prime Minister Narendra Modi’s government over a controversial rate call offers up a test case of central bank independence in this $2 trillion economy. Last October, the RBI led by governor Urjit Patel adopted ...

Like too much else in Washington, the slow-motion collapse of Obamacare was an eminently avoidable crisis. The question, now that it is happening, is whether President Donald Trump and Congress want to work together to contain it. With Anthem Inc.’s alarming decision to quit Ohio’s health-insurance marketplace, 18 more counties can now be added to the territory where people who ...

So the presidential election was no fluke: The voters of France have put Emmanuel Macron’s new République En Marche (Republic on the Move) party on course for a big parliamentary majority. If this is confirmed in the June 18 runoff, Macron will control not just foreign policy but domestic policy as well. His task in reforming the French economy, as ...

The social media giants based in the US may soon face a new attack in Europe: There’s a perception among activists and officials that the basis of their business model — targeted advertising — can be a threat to democracy. In a speech, Commissioner Margrethe Vestager — who, as the top European Union antitrust official, has been the nemesis of ...

Markets have enjoyed a sustained rally on low volatility caused, in part, by uncertainty about the outlook for fiscal policy. Financial conditions have loosened substantially, which has presented a window of opportunity for central banks to tighten policy. The dilemma for central banks is how quickly monetary policy accommodation can be removed against the backdrop of political uncertainty and below ...