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Bloomberg AT&T Inc. beat back another effort by the US to undo its purchase of Time Warner, cementing an $85 billion deal to help it compete with Netflix Inc. The US Appeals Court in Washington said the Justice Department failed to establish that a lower-court judge made a clear error when he rejected the government’s case that AT&T should be ...

Bloomberg US antitrust enforcers are zeroing in on technology giants following years of criticism that they haven’t done enough to rein in dominant internet companies like Alphabet Inc.’s Google and Facebook Inc. The Federal Trade Commission said it’s creating a task force led by senior competition officials and 17 staff lawyers to investigate potentially anticompetitive conduct by technology companies. It ...

Bloomberg Italian business and economic confidence fell, signaling a possible continuation of the recession that started late last year. Italy’s coalition leaders have been rallying around their message that growth will pick up, defying projections the economy will have trouble expanding significantly this year. Premier Giuseppe Conte said this week he foresees growth “at least in the second half.” The ...

Bloomberg General Electric Co.’s new boss wants to reassure shell-shocked investors that he knows just how tough the past year has been — and that he has a plan to turn things around. In his first annual shareholder letter, Chief Executive Officer Larry Culp outlined his priorities as he tries to pull the iconic manufacturer out of a tailspin. After ...

Bloomberg India said an air force pilot was missing after Pakistan said it had shot down two Indian fighter jets, as relations between the arch rivals worsened amid the possibility of a full blown war. India has yet to ascertain that the missing pilot is in Pakistan’s custody, said Raveesh Kumar, foreign ministry spokesman in a media briefing in New ...

Bloomberg Egypt’s prime minister vowed swift accountability and an end to the “age of ignoring negligence,” as the death toll from the capital’s worst train crash in years climbed to 25. Prime Minister Mostafa Madbouly spoke as authorities launched an investigation into what caused the train to collide with the barrier at the end of the track in downtown Cairo’s ...

Bloomberg President Donald Trump and North Korea’s Kim Jong-un sounded an optimistic note at the start of their second set of face-to-face meetings in eight months, as the US leader sought to advance nuclear talks that have largely stalled since their first summit in June. The two leaders shook hands and made brief remarks ahead of a one-on-one meeting at ...

Bloomberg Nigeria’s Muhammadu Buhari won a second term as president of Africa’s biggest oil producer with promises to revive an anemic economy and tackle security threats including a devastating war against insurgents loyal to IS. His main opponent rejected the results. The defeated rival, Atiku Abubakar, on Wednesday said he will go to court to contest Independent National Electoral Commission ...

Bloomberg A Romanian anti-graft crusader won support from a key panel of European Union lawmakers to become the bloc’s first chief prosecutor, highlighting EU concerns about the erosion of democracy in the country. Laura Codruta Kovesi, who was fired by Romania’s ruling Socialist Democrats after she put dozens of corrupt politicians behind bars, gained the backing of the European Parliament’s ...

On Monday, the British Met Office recorded the UK’s warmest winter day on record. In Chile, January temperatures in the capital city of Santiago beat the previous record by a full degree Celsius. Globally, the last five years were collectively the world’s warmest ever. Ever. The world is losing the race to curb carbon dioxide emissions. In 2017, output of ...