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Theresa May’s departure as Britain’s prime minister won’t heal the country’s divisions or end its Brexit nightmare. This drawn-out crisis is so far from being resolved, her successor might soon regret winning the top job. But the task isn’t hopeless, and the right kind of leadership could move Britain and the European Union to a better outcome. The main contenders ...

It’s a terrible feeling to discover that your country is full of strangers. For some in India, the election of Narendra Modi in 2014, with a majority that India hadn’t seen in three decades, was that moment. Everyone knew there was discontent with the status quo; everyone knew that Modi was doing well, better than anyone had expected before he ...

Amazon.com Inc. and British food delivery startup Deliveroo make in some ways cosier bedfellows than Uber Technologies Inc. does with its own competing service, Uber Eats. The US e-commerce giant led a $575 million financing round in London-based Deliveroo. One can’t help but wonder whether the investment is an amuse-bouche for a broader tie-up, a chance for Amazon to get ...

Norbert Reithofer chose a good moment to step down as BMW’s chief executive (he’s now the supervisory board chairman, a less high-profile role). When Reithofer made way for Harald Krueger in May 2015, the US Environmental Protection Agency hadn’t yet publicly accused Volkswagen AG of cheating on diesel emissions, which would imperil an entire technology. That same year Trump announced ...

Bloomberg US equity futures steadied with European stocks as traders returned from American and UK holidays with a cautious outlook. The dollar advanced with Treasuries. Contracts on the S&P 500 fluctuated alongside those on the Dow Jones Industrial Average and the Nasdaq 100. The Stoxx Europe 600 index was steady, erasing earlier losses after better-than-forecast economic confidence data and as ...

Bloomberg Investors are taking a breather from the recent market rout that has wiped out almost $1.3 trillion from China’s stock market. The CSI 300 Index hasn’t moved more than 2 percent in either direction in the past seven sessions, the longest streak of calm since February. The index closed 1 percent higher on Tuesday. Volatility has dropped too, with ...

Bloomberg India’s shadow banks are likely to see a further squeeze on their profit margins after the Reserve Bank of India (RBI) signalled it will tighten liquidity requirements to bring them in line with the country’s more closely regulated commercial banks. Instead of providing a much-expected liquidity window to non-bank finance companies via the regular lenders, the central bank took ...

Bloomberg The People’s Bank of China is acting to increase the supply of short-term funding to banks after the seizure of a regional lender rattled domestic markets. China’s central bank injected a net amount of 150 billion yuan ($21.7 billion) through open-market operations, the most since the week ended March 8. Regulators announced that they will take control of Baoshang ...

Bloomberg Italy will seek a seat on the European Central Bank’s Executive Board and use it to push the institution to buy bonds to fund infrastructure projects, according to a senior lawmaker in the coalition government. European Union leaders are preparing to start negotiations over the next suite of top policy positions including a replacement for ECB President Mario Draghi. ...

Bloomberg Deutsche Bank AG is considering options including a capital increase as part of a wider overhaul it plans to unveil in the next two months, people with knowledge of the matter said. Tapping investors for fresh cash is the least favoured option because management is aware that it could trigger a backlash in light of Deutsche Bank’s low stock ...