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Bloomberg Emmanuel Macron’s pre-Davos summit for tech executives will hold some goodies for start-ups. In the third edition of his “Choose France” summit, timed to catch global CEOs in Paris on their way to the Swiss Alps’ World Economic Forum, the French president will detail measures in his 2020 budget that have improved stock options for start-ups in France. Macron ...

Bloomberg Amazon.com Inc opened its first corporate office in the UK not to be based in the nation’s capital city, instead choosing the northern city of Manchester for a new site. The company said it’ll populate the six floors and 90,000 square feet it’s leased in the century-old Hanover Building with 600 new jobs “over time,” including software developers and ...

Bloomberg The mystery surrounding a $66 million painting deepened last month after it resurfaced in the walls of an Italian gallery nearly 23 years after it was reported stolen. Officials announced that the painting by Austrian symbolist artist Gustav Klimt, created between 1916-1917, is authentic. Gardeners at the Ricci Oddi Gallery of Modern Art in northern Italy’s Piacenza province discovered ...

Bloomberg GAM Holding AG Chief Executive Officer Peter Sanderson is cutting bonuses and signalling talks on layoffs will begin imminently as the company adapts to losing more than 40% of its key assets in a rogue trading scandal. Bonuses will be cut since underlying profits are materially lower and the company will pay a higher proportion in deferred shares, Sanderson ...

Bloomberg British firms issued 313 profit warnings in 2019, with consumer discretionary businesses — including retail and travel and leisure —, industrial support services, software services and construction and materials hit the hardest. The number of listed companies warning in 2019 was also the highest in 18 years, marginally above the figure of 2008, the report showed. “The UK economy ...

Bloomberg Germany took first place in the 2020 Bloomberg Innovation Index, breaking South Korea’s six-year winning streak, while the US fell one notch to No. 9. Singapore’s leap into the third-place ranking returns it to its post from two years ago. The annual Bloomberg Innovation Index, in its eighth year, analyses dozens of criteria using seven metrics, including research and ...

Bloomberg New Jersey Governor Phil Murphy has signed a bill that represents the state’s most ambitious strategy to promote electric vehicles (EV). New Jersey, where transportation accounts for about half of greenhouse gas emissions, joins about a dozen other states that have targets for electric-vehicle adoption. The bill calls for 2 million plug-in electric vehicles by 2035, and offer consumers ...

The global debt balloon continues to inflate — with what consequences no one knows. Could the balloon soon become a “bubble” that pops, causing a new financial crisis? It hardly seems impossible. The latest worldwide debt figures are not reassuring. In September, global debt of all varieties (government, business and consumer borrowing) totalled $253 trillion, up $9 trillion from the ...

Anglo American Plc is dabbling in creative M&A. Buying an English fertilizer project for just over $500 million, excluding debt, is more than manageable for a $35 billion mining giant that generated $1.3 billion in free cash flow in the first half of last year. It’s also a gamble on an unproven niche market that speaks to the paucity of ...

There’s an old saying in retail that despite all the bluster, not much really changes over the holiday shopping season: Those store groups that have been winning keep on doing so, while the losers continue to suffer. Target Corp. just became the exception to this rule. The big-box retailer has been a consistently strong performer over the past couple of ...