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Bloomberg Facebook Inc and Amazon.com Inc set records for lobbying in the second quarter as Washington ramped up scrutiny of big technology companies, while Google’s spending dipped as it continued to reshuffle its influence operations. The world’s largest social media site spent more than $4.1 million on lobbying, the most among big internet platforms, an increase from its previous high ...

Bloomberg The US and France agreed to push ahead with creating a global digital tax system at a Group of Seven meeting, papering over a feud on the matter that still has Washington dangling threats of tariffs. French Finance Minister Bruno Le Maire said Europe had won a concession from the US that changes to tax rules should address “highly ...

Bloomberg Standard Life Assurance Ltd. was fined 30.8 million pounds ($38 million) by UK regulators over how it handled sales of some pension products. The Financial Conduct Authority (FCA) said that Standard Life, part of Phoenix Group Holdings Plc, offered employees “large financial incentives to sell annuities, which encouraged them to place their own financial interests ahead of their customers.” ...

Bloomberg UK manufacturers are more pessimistic than at any time in the past three years after order books shrank at a pace last exceeded during the financial crisis a decade ago, according to the Confederation of British Industry. The gloomy assessment adds to evidence that the economy suffered a Brexit hangover in the last quarter after orders were brought forward ...

Bloomberg A union at AT&T Inc is accusing the company of reneging on a labour agreement that helped gain the support of worker groups for last year’s $85 billion takeover of Time Warner. As part of a deal renewed in 2017, the Communications Workers of America pledged to support expansion efforts by AT&T and the company agreed to terms for ...

Bloomberg Harley-Davidson Inc cut its full-year operating margin outlook and 2019 bike shipment forecast after weak global motorcycle sales and the impact of tariffs dented second quarter earnings. The Milwaukee-based manufacturer slashed its shipment forecast this year to 212,000 to 217,000, from a previous range of 217,000 to 222,000. Lower shipments also prompted it to reduce its expected 2019 operating ...

Bloomberg President Donald Trump offered to help resolve India and Pakistan’s long-running conflict over the territory of Kashmir — citing an invitation from Narendra Modi that the Indian prime minister’s government later denied. “If you would want me to mediate or arbitrate, I would be willing to do that,” Trump told Pakistan’s prime minister, Imran Khan, at a White House ...

Bloomberg President Donald Trump said he could end America’s longest-running war “in a week,” except that it would cost too many lives. Trump complained that the nearly 18-year US campaign in Afghanistan is “ridiculous” in a White House meeting with Pakistan’s prime minister, Imran Khan. He said he could “win” the conflict, in which the US is trying to help ...

Bloomberg Boris Johnson, the public face of the Brexit campaign, won the contest to succeed Theresa May as British prime minister, taking over a country in crisis and a government on the brink of breaking apart. After a six-week leadership race, which he led from the start, Johnson defeated his rival Foreign Secretary Jeremy Hunt by a landslide in a ...

Bloomberg Romanian Prime Minister Viorica Dancila plans to run for president in a move that may cause friction within the ruling coalition as her main ally is also considering his candidacy. The ruling Social Democrats leaders pressed Dancila to join the presidential race as no other candidates were seen standing a chance against incumbent Klaus Iohannis, who’s seeking re-election with ...