Bloomberg Volkswagen AG will soon do what’s been impossible since its emissions crisis began: sell diesel-powered cars in the US. The company received approval from the Environmental Protection Agency for its dealers to sell 2015 model year diesels after updating the vehicles’ emissions software, VW Group of America spokeswoman Jeannine Ginivan said. The software update is part of a ...

  As the White House reboots for ‘Trump 2.0’ after a largely unsuccessful first two months, one lesson should be obvious: The radical, polarizing politics of the campaign trail don’t work well in governing the country. America isn’t Russia or the Philippines. Our system has speed bumps, carefully constructed by our Founders. Presidents don’t rule simply by executive order. They ...

  One of the first things Rodrigo Duterte’s economics team did in September, three months after the drugs-busting former city mayor became president of the Philippines, was call for bids to upgrade and operate the main Ninoy Aquino International Airport in Manila. From San Miguel Corp. and Ayala Corp. to Metro Pacific Investments Corp. and Aboitiz Equity Ventures Inc., the ...

  UK formally serves notice that it’s quitting the European Union. Beyond a doubt, this decision was a grave mistake — but it’s done, and now Britain and its European partners need to arrange the friendliest possible divorce. The EU’s initial posture has been anything but friendly, which is understandable. Britain is the defaulting party and shouldn’t expect gratitude. Europe’s ...

  Middle East is a seething cauldron. Although US President Donald Trump called the fight against IS his top priority and vowed to wipe IS from the face of earth, the young administration is wary of getting mired in the region. Trump criticized past presidents for getting deep in Iraq and other conflicts. Trump does not want to go solo ...

  Taxi companies that compete with Uber and media companies that are up against Facebook know it: In a rivalry between regulated and unregulated firms, the latter have an unfair advantage. It also applies to banks, which spent the past ten years losing market share to companies that regulators ignored. In a fresh working paper, Greg Buchak and Gregor Matvos ...

  Few industries have flourished in modern Britain like carmaking and aviation. Car production rose to a 17-year high last year and thanks to budget carriers such as EasyJet Plc, Brits can fly across the continent for a pittance. Today those achievements stand on shakier foundations, as Britain begins two years of negotiations over withdrawing from the EU. Theresa May’s ...

  Humans are gradually coming to recognize the vast influence that artificial intelligence will have on society. What we need to think about more, though, is how to hold it accountable to the people whose lives it will change. Google tells us what to believe. Facebook tells us what’s news. Countless other algorithms are standing in for human control and ...

  Bloomberg It’s Australia’s most-shorted stock, but only one of the 10 analysts covering it considers it a sell. Meet Aconex Ltd., a Melbourne-based company whose software helps architects and developers work together in the cloud. If you believe the sell-side, shares will rise 10 percent over the next year. Bears, however, have a completely different opinion: their bets against ...

  HONG KONG / AP World stocks were mixed on Thursday, with Asian indexes falling as Chinese authorities tightened liquidity in the financial system of the world’s second largest economy. Germany’s DAX edge up 0.1 percent to 12,212 and France’s CAC 40 was flat at 5,067. Britain’s FTSE 100 shed 0.3 percent to 7,353. US shares were poised for a ...